Anthony Chan
Anthony Chan
decade earnings economic following looks mirror moderate poised recovery shallow short
The recovery of 2002 looks poised to mirror the recovery of a decade ago, with a moderate economic and earnings recovery following a short and shallow recession.
catch component expansion jeopardy jump orders racing recovery
The orders component should jump out and catch your eye, ... We're still in expansion mode, and recovery is in no jeopardy of derailing, but it's not racing away from us.
catch component expansion jeopardy jump orders racing recovery
The orders component should jump out and catch your eye. We're still in expansion mode, and recovery is in no jeopardy of derailing, but it's not racing away from us.
alan job
Unfortunately, I don't think it's a job for Alan Greenspan.
labor market people shows
This shows the labor market in not overheated. And you can see that in, yes, not a lot of people are getting raises.
central certainly debate heat
This will certainly heat up the debate at the central bank,
average avoid beyond both button fall further interest investors nail panic pushing rate remains report rise
With a fall in the yearly rise in average hourly earnings, both investors and policy-makers can avoid pushing the panic button for a little while longer. In other words, while a (May interest rate hike) remains all but assured, this report did little to nail further tightening beyond this stage.
adjust employment fairly numbers strong
We know those numbers were contaminated because of the hurricanes. After you adjust for the hurricanes, you come away with a fairly strong employment outlook.
claims close coming corner ignore labor market trend turning
We can't ignore the trend -- jobless claims have been coming down. We're at least close to turning the corner on the labor market front.
collapse consumer moderation
We will see a moderation ? but not a collapse ? in consumer spending,
almost area clearly file increase less orleans people
We have almost 500,000 people in the New Orleans area and you have a less than 80,000 increase in claims. We are going to have a lot more than that. Clearly a lot of people can't yet file claims.
economy finding offering pain potential showing signs statistics time
There is a lot of pain, and if anything these statistics are understating the pain, ... At the same time the economy is showing some potential signs of improvement, you're not finding a lot of firms offering jobs.
change closely couple employers eventually growth happen incentive line moving packages past wages
Wages have stagnated over the past couple of years; employers have no incentive to change wages. Eventually we will see incentive packages moving more closely in line with growth in the economy, but it's not going to happen soon.
conditions couple details devil fear found greatest instead labor market months next true
Usually the devil is in the details. With this report, the greatest fear is that details of true labor market conditions will be found over the next couple of months instead of in this report.