Anthony Chan
Anthony Chan
change economy financial head ignore looking markets people sea seen strong
We've seen a sea change in the way the financial markets and economy watchers are looking at the world, ... For many months, people thought the economy was so strong and robust, they could ignore these head winds.
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.
core cost early energy increases jump limited longer mature pass power pricing rest saw seeing today whenever
We still see limited penetration into the rest of the economy. It's too early to say you're seeing pricing power to pass on the energy cost increases just because you saw just a jump in the core PPI number. The world has changed. In the old traditional world, whenever you had mature expansion, you had pricing power. Today with globalization, that's no longer the case.
bank central consumer consumers continues encourage giving inflation lower numbers report spending whatever
The CPI report continues to be encouraging, ... These numbers are stimulating consumer spending by giving consumers more spending power. At the same time, lower inflation will also encourage the central bank to do whatever they need to do.
factors good
There are a lot of good factors out there.
costs energy issue passed troubling
The only issue that is troubling is they feel some of the costs from energy are being passed on.
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.
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.
barometer clearly conditions employment household incorrect labor market measure relying shows
This clearly shows that relying on the household survey's employment measure as a barometer of labor market conditions is not only risky, but also an incorrect assumption,
exempt housing laws market sign
This is a sign that the housing market is not exempt from the laws of gravity,
equity gives japan jump markets nice tail wind
I think the big jump in Japan gives a nice tail wind to the equity markets this morning.
builders canary clue coal market move price sales
The new-home sales market is the canary in the coal mine. Builders have a better clue as to what the right price is to move a house.
articulate financial greenspan impressive justified markets maybe views
He not only was articulate in his views, but justified his views without making financial markets balk. He was impressive, maybe not as impressive as Greenspan, but Greenspan had 18 years to practice.
controls equity market point wants
The equity market wants someone who controls inflation, but not to the point where they go overboard.