Anthony Chan
Anthony Chan
catalyst continues energy market prices primary remains rule saw took
The primary catalyst in the market remains energy, it continues to rule the day. But then we saw that energy prices started to go up, and that took some of the luster off the gains.
costs energy issue passed troubling
The only issue that is troubling is they feel some of the costs from energy are being passed on.
arm concerns consumers direction excited gets holding notion otherwise provides seen shot
This provides a big shot in the arm to the notion that geopolitical concerns were holding back the economy. Otherwise we wouldn't have seen such a big pop. This probably exaggerates how excited consumers will be after all is said and done, but it gets the direction right.
clearly explosive puts question rest whether
This puts to rest any question of whether or not we're going to have an explosive recovery. We're clearly not.
conclude current cycle further led
We are led to conclude that the current tightening cycle still has further to go.
economic expansion job losses normal signs transition until
While job losses may be ebbing, we have yet to see any signs of outsized hiring. This will not come ... until we transition from a slow-growing expansion to a normal economic recovery.
coming consumer fourth growth percent rest spending
We're coming off 6 percent consumer spending growth in the fourth quarter, and that's going to moderate. It's not going to collapse, but see we spending in the neighborhood of 2 to 3 percent for the rest of the year.
basically case jobs million missing stage
We're basically missing 5.1 million jobs at this stage of the expansion. You could even call it the case of the missing jobs, ... different paradigm.
economic fallen far jobs million prior short today typical
We've fallen far short of prior economic expansions, ... We're about 5-1/2 million (jobs) short of where would be today if this were a typical expansion.
early expect fed historic near pick rate results savings seen starting though work
We're starting to see the savings rate pick up from near historic levels, which is very encouraging. Though we don't expect Fed tightening to work overnight, we are starting to see some of the early results of the significant tightening we've seen to date.
far makers policy remain
We're still far from deflation, but not far from a deceleration in inflation, and that's why policy makers have to remain vigilant.
assured continue fed higher markets push rates remain short term
With this figure, markets can remain all but assured that the Fed will continue to push short term rates higher well into 2006.
average believe continues earnings leading monetary overall pace report rise
The pace of average hourly earnings continues to rise at just a tepid pace leading me to believe that this overall report is a very monetary policy-friendly report.
fast information reacting
Today, information disperses so fast that we're reacting in nanoseconds to the news,