Anthony Chan
Anthony Chan
average believe continues earnings leading monetary overall pace report rise
The pace of average hourly earnings continues to rise at just a tepid pace leading me to believe that this overall report is a very monetary policy-friendly report.
borders business close less overall pay pressure secret workers
If we close the borders and have less undocumented workers, it would put some upward pressure on overall wages. It's no secret business will have to pay workers more money.
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.
boost current economic energy low overall positive prices results serve suggest
These results suggest that the current low energy prices should serve as an important and positive boost to overall economic growth.
believe energy good lacking overall power prices purchasing reason workers
This is very good news. Workers may end up getting the purchasing power they've been lacking so far. While overall prices are still rising, we have good reason to believe energy prices will be going down.
although change corporate inflation issue likely major overall positive pricing view
The lackluster change validates the Fed's view that inflation is not likely to be a major overall issue in 2004. Although this bodes well for policy, it is not a positive for corporate pricing power.
dismiss overall pervasive silly weakness
The overall weakness was so pervasive that it would be silly to completely dismiss the devastating weakness of this report.
overall progress trend
The overall trend is that we're making progress,
likely overall remain sales somewhat total
The overall total of nominal sales is likely to remain somewhat weak.
apparel component continued despite drop expectation few inflation overall prices provided report rise seems surprises though
It seems as though the inflation report provided a few component surprises but no overall surprises as apparel prices continued to drop despite the expectation that they would stabilize or rise slightly.
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.
beginning certainly forecast million patch soft stands year
I think we will get that bump. I think this is temporary. My forecast at the beginning of the year still stands for 2.5 million new jobs. But I certainly do see a soft patch here.
chain discount factor happening issue retail store
I think a seasonal factor is part of the issue here, but you can't discount it all. Look at what is happening with chain store sales. They've been pretty weak. Some of it (weak retail employment) is real.
auto despite disappear fact fell happen incentives likely limited question raises sales
I think it was interesting that sales fell despite the fact that we had limited auto incentives in November. It raises the question of what is likely to happen once these incentives disappear entirely.