Anthony Chan
Anthony Chan
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.
seeds soft
I think the seeds are in place for a soft landing.
challenges confidence consumer continue economy labor market numbers pose quarter serious soft
We still have a labor market that's deteriorating, and today's numbers epitomize that. We're going to continue to see deterioration, which will pose serious challenges to consumer confidence and keep the economy soft for another quarter or two.
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.
assume chinese five generate immediate incorrect landing people seeing soft trying watching work year
People watching the Chinese trying to generate a soft landing think that, if it doesn't work in five minutes, it must not be working. We're not seeing immediate results, but I think it's incorrect to assume that, a year or a year and a-half from now, we're not going to see some of these effects. We will.
although conclude figure impressive job patch soft soon suggest
Although it may be too soon to conclude that the soft patch is no more, today's impressive job figure does suggest that the slowdown may not be everlasting,
appear bottom consumers emerging line patch quarter soft
The bottom line is that consumers experienced a soft patch in the first quarter and they appear to be emerging from it,
although appear clearly economy growth jump month shows soft
The jump in payrolls this month shows that although the economy clearly went through a wider-than-expected soft patch, it does not appear as though the shortfall in growth was permanent,
basically coming data fears growth soft
The fears we had that growth was pretty soft and fungible are basically coming out; that's what the data are showing.
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.
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.
bounce clearly december fed hike hurricane puts rate report shows
I think this report clearly shows that we got a hurricane bounce back. It also puts the possibility of a Fed rate hike in December back in play.
apply employment gravity laws monetary report shows
I think this employment report shows that the laws of gravity do apply to monetary policy,