Anthony Chan
Anthony Chan
april checks clear closer people start tend
I think we'll see a clear acceleration of refund payments as we get closer to the April deadline, when the checks really start to flow. People tend to procrastinate.
december demand gain given instead last likely percent recession time
You typically see, from the trough of a recession to the time when the recession ends, a 1.3-percent gain in payrolls, ... From when the recession likely ended, in December of last year, we've had 0.004 percent gain, instead of that 1.3 percent gain. There's a pent-up demand for labor, given such a jobless recovery.
bite cause debate doubt economy fairly growing percent remains whether
I don't have any doubt it's going to bite. The debate is whether it'll bite enough to cause a recession, and I don't think so. Because the economy remains fairly strong, it can withstand these one-two punches. If we were growing at 1 or 2 percent and we got this same one-two punches, the ref would tell everyone to go home.
economy energy head higher hit interest prices rate seen
But what we've seen is if you hit the economy over the head enough times with higher energy prices and short-term interest rate hikes, it reacts.
economy factor increased order players realizing support
A lot of players in the economy are realizing this is a sustainable expansion. That's a factor you must have in order to support increased hiring.
economy good report tells
This is actually a good report because it really tells us the economy is healthy.
collapse economy people
Even when people thought the economy would collapse because of the hurricane, it didn't.
consumers costs energy higher outlets shown studies switch tend
Our own studies have shown that consumers tend to switch over to non-store outlets in times of higher energy costs .
building certainly fed looks power price pricing range relatively relax tolerable within
I think the Fed certainly looks at this as building up as pricing power on the part of companies, ... But (the price index) is still within the tolerable range for the Fed. That's not to say the Fed can relax and go on vacation, but I would say they're a relatively benign.
figures labor market recovery station strongly suggest train
These figures strongly suggest that the labor market recovery train is still not even at the train station as of yet.
economic expansion explosive robust support
It doesn't give support to a robust expansion, ... Expansion is coming, just not the garden-variety explosive economic expansion.
quarter
It's a wake-up call. One quarter does not make a trend, but we have to be more on our guard.
seeds soft
I think the seeds are in place for a soft landing.
sticking toes
More and more firms are sticking their toes in the water. The recovery's begun, but it will be fragile.