Anthony Chan
Anthony Chan
consensus june number seal tip towards
This week's CPI will seal (the Fed's decision). If we get a number at consensus or a little above, that'll tip it towards a June increase.
consensus june number seal tip towards
This week's CPI will seal (the Fed's decision), ... If we get a number at consensus or a little above, that'll tip it towards a June increase.
both fiscal help monetary past period seen stimulus time
What's different this time is that there is a lot more stimulus now than any time in the past 50 or 60 years. I've never seen a period with so much help from both the fiscal and monetary side.
companies competition fairly giving global passing preventing protection slowing though
What is giving us protection is all the global competition that we have. That is preventing companies from passing on most of the costs. Even though productivity has been slowing down, it's still fairly significant.
bit ease easing economic expansion growth remains tells though trajectory
What it tells us is that we may see a bit of an easing off of economic growth or momentum. But even though the trajectory of growth may, in fact, ease a bit in 2006, I think the expansion remains intact.
sentiment
With sentiment under considerable short- and long-term pressure, we know that 2002 is not going to be anything like 2001 for the consumer.
certain confidence consumer hence shutting terrible tragedy
This terrible tragedy is certain to severely dampen consumer confidence and hence have the possibility of shutting down the consumer.
struggle type victor
Victor didn't have to struggle as hard, so he's not the type who would take a big risk,
clear crystal low mortgage purchase sales starting supporting taken
We see the slowdown crystal clear in the MBA purchase index, and it's starting to show up in monthly sales data. The one thing that was supporting the market, low mortgage rates, is being taken away.
apparel climate energy high labor likely overall played prices role soft weather
While weather played a role in soft apparel sales, the high energy prices impacted overall sales. Net-net, the climate is likely to get better with improvements in the labor market.
against betting consumer losing
Betting against the U.S. consumer is always a losing bet.
close eventually housing market peak though
Even though we are close to the peak and we are still going to see spurts in activity, we will eventually see the housing market slow.
bit economic fact gains indicative magnitude month though
Even though the gains this month are in fact indicative of a sustainable economic expansion, the magnitude of the gain was a bit exaggerated.
box endorse fed fisher great itself opportunity people point prepared suggested sure though trying word
Even though people thought this was a great opportunity to take the word 'measured' off the table, he didn't do that, ... It suggested that he was not at this point prepared to endorse the Fisher hypothesis. I think he's trying to make sure the Fed doesn't box itself in.