Anthony Chan
Anthony Chan
builders canary clue coal market move price sales
The new-home sales market is the canary in the coal mine. Builders have a better clue as to what the right price is to move a house.
headline key number
The key number was not the headline (overall CPI) number,
apple bit care core debate fed inflation mean numbers quo running status telling tilt
I think the (PPI and core PPI) numbers will make the Fed a bit more comfortable that the status quo is fine, ... The core PPI is the one they really care about. It's really telling us that the inflation story is not running away from us. That doesn't mean the debate won't be heated. But this number does tilt the apple cart.
ammunition arguing hawks leverage provides takes
It provides more ammunition for the doves arguing for more moderation, and takes leverage away from the hawks arguing for (a bigger, half-percentage point) hike.
absolutely greenspan widely
It absolutely makes tomorrow's (Thursday's) Greenspan announcement as widely anticipated as the new 'Star Wars' movie.
administer economy-and-economics point policy time
They (Fed policy makers) know at any point of the time they may need to administer CPR to this economy.
aircraft ease recovery sector suspicion
Aircraft is responsible for a lot of that decline. My suspicion is that the manufacturing sector will ease up, but the manufacturing recovery is still in place.
boss increase jobs pay power pricing sector service tempting terrible wage
It's tempting to say these are terrible jobs, but the service sector has more wage pricing power than the manufacturing sector. If you're getting a pay increase from your boss today, it's probably not in manufacturing.
careful decline seem
This big decline may seem a little on the aberrant side, and we have to be careful about it, but at least some of it has to be real.
fed justified uncharted waters
The Fed is justified in being aggressive. We're in uncharted waters here.
fed finish raising rates stimulus until view year
In view of the stimulus already out there, I think the Fed will finish out the year by raising rates until the end.
claims continues discussion economic employment face figures greatly recovery strongly suggest
These jobless claims figures strongly suggest that any discussion of a runaway economic recovery have been greatly exaggerated, ... Instead, what we see here is a recovery that continues to face significant headwinds emanating from the employment front.
buyers carrying costs holding prices properties six spot sweet three
Buyers are going to be in a sweet spot in about three to six months. The speculators who are still holding properties will be panicking by then as their carrying costs mount. It won't be a bloodbath, but that's when prices should be at their lowest.
fever market present sign year
The bidding fever that was present a year or so ago has all but disappeared, and that's another sign that this market is slowing.