Anthony Chan
Anthony Chan
central falling fear lower markets rates sending signal step
I think this is an important first step for the central bank. They didn't want to lower rates too aggressively for fear of sending a signal to the markets that they thought things were completely falling apart.
economic expansion job losses normal signs transition until
While job losses may be ebbing, we have yet to see any signs of outsized hiring. This will not come ... until we transition from a slow-growing expansion to a normal economic recovery.
bring economy ensure given moderate rather recovery robust signs
Given the signs of recovery in the manufacturing sector, that won't bring the economy to its knees, but it will ensure that this will be a moderate rather than robust recovery.
economy finding offering pain potential showing signs statistics time
There is a lot of pain, and if anything these statistics are understating the pain, ... At the same time the economy is showing some potential signs of improvement, you're not finding a lot of firms offering jobs.
lower prepared sign tells
I still don't think they'll lower rates, but this tells me they're prepared to lower them at the first sign of trouble.
activity becoming behind best bit boom collapse days housing leaves outcome reading signal suggest tea
Reading through the housing tea leaves suggests that the housing boom is becoming a bit long in the tooth. And while this outcome does not necessarily signal a collapse in activity just around the corner, it does suggest that the housing sector's best days are probably behind us.
exempt housing laws market sign
This is a sign that the housing market is not exempt from the laws of gravity,
certainly continue executing fed gives green growth industrial license light monetary prevent retail signs slow takes total whatever
This gives the Fed license to continue executing monetary policy. If they see any signs of slow growth in employment, industrial production, or retail sales, they certainly have the green light to make another cut. They have total flexibility to do whatever it takes to prevent a recession.
action economic emerging excitement growth reveals signs
This action really reveals the Fed's excitement with the emerging signs of economic growth we're seeing.
expect fed moves rate signal words
In other words, before the end of 2002, the Fed should signal that their upward rate moves were just a warm-up for what we can expect in 2003.
fever market present sign year
The bidding fever that was present a year or so ago has all but disappeared, and that's another sign that this market is slowing.
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.