Anthony Chan
Anthony Chan
distorted fair jobs maybe report
I think it's fair to say it'll be the least important or most distorted jobs report in memory. Maybe both.
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.
jobs last moment months quarter saw similar third three
For the moment the third quarter is probably going to be similar to what we saw the last three months -- probably between 250,000 to 300,000 new jobs every month,
affected jobs loss
The GDP doesn't take into consideration loss of wealth, ... It's affected by jobs and productivity.
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.
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.
declining deficit economic growth loss slight
A declining deficit may be signaling a slight loss of economic growth momentum.
economic fragile recovery
This economic recovery is a lot more fragile than most of us thought.
creeping housing rates seeing
You're seeing inventories creeping up and affordability pinching more and more, and you're seeing long-term rates creeping up. All that suggests a trimming of housing activity.
equity market oil positive potential prices rising
Oil prices have not been a positive for the equity market with the potential for rising inflation.
cautionary consumer impressive moving note numbers terror wake
The resiliency of the consumer is very impressive in the wake of so many terror warnings. One cautionary note is that, moving forward, these numbers may soften, as those warnings are still coming.
burden despite economic fact low population prior rate relative remains since unemployed
Despite the fact that the unemployment rate remains low relative to prior economic downturns, the burden on the unemployed population has been the most severe, by one measure, since at least 1972.
cyclical difficult factors increase means power pressure pricing push reduce
More globalization means there's more pressure to increase productivity, not to reduce it. No pricing power means there's more pressure to increase productivity, not less, ... There's so much pressure to push it higher, it will be difficult for cyclical factors to push it lower.
alan best bit certainly continue describe financial great greenspan inflation markets prove realize report worried worries
The best way to describe this report is 'holy cow,' ... This is a great report. We have Alan Greenspan a little bit worried about inflation and certainly the financial markets will realize that those worries certainly continue to prove to be unfounded.