Anthony Chan
Anthony Chan
best danger err fed gets governors impatient price side today wrong
There's always that danger that the Fed gets impatient here. But I think that most of the Fed governors today feel that gradualism is the best policy, because if they err on the side of doing too much, the price of being wrong is not so high.
best danger err fed gets governors impatient price side today wrong
There's always that danger that the Fed gets impatient here, ... But I think that most of the Fed governors today feel that gradualism is the best policy, because if they err on the side of doing too much, the price of being wrong is not so high.
economy sweet tells
It tells us the economy is in a sweet spot,
cause near paralysis state
It will cause something like a state of paralysis on the part of consumers, at least in the near term.
allow change connecting data environment favorable gives improving labor market months picture rapidly sea seen start
The two months of favorable data allow us to start connecting the dots. It gives us a picture of a rapidly improving labor market. I think we can categorically say we have seen a sea change in labor market environment at this time.
bank central consumers exuberance market order
The market doesn't want to see too much exuberance on the part of consumers in order to keep the central bank at bay.
certainly jury loses splash whether
The jury is out on this one. He's certainly going to make a big splash in this area. Whether he loses or not, we don't know.
bounce jump
The jump was a bounce back from November.
although appear clearly economy growth jump month shows soft
The jump in payrolls this month shows that although the economy clearly went through a wider-than-expected soft patch, it does not appear as though the shortfall in growth was permanent,
headline key number
The key number was not the headline (overall CPI) number,
clear cooler heads initial jerk knee positive powerful question rally reaction strongly whether
The initial knee jerk reaction was a powerful rally in the morning. As cooler heads prevail, it's clear it's still a positive for equities, but the question is whether it is strongly positive or mildly positive.
picking rate slow
The unemployment rate is picking up, but it's picking up at a very slow pace,
added buys fed hold looks main number risk stimulus street time true until word
The unemployment number is the one Main Street looks at. This buys the Fed a little more time and allows it to hold true to its word that, until geopolitical risk lifted, no stimulus should be added to economy.
account billion coming created easily federal insurance jobs lost orleans pumped recovery remember
These jobs are not lost forever. When you take into account everything coming through the pipeline, all Federal aid, all the insurance money, there will be a lot of jobs created by recovery efforts. Remember the GDP of New Orleans was about $40 billion annually before the storm. We'll easily see more than that being pumped into the system.