The average hourly earnings figures were truly the spoiler of this report, ... It tells us that the Fed may now have to start becoming more vigilant about upcoming price pressures.
More Quotes from Anthony Chan:
Although it's not particularly good news for the housing market, the fact that you're seeing weakness here shows that monetary policy is working and the (Fed) would not have to blunt the economy with more hikes than the market has been anticipating.Anthony Chan
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.
Anthony Chan
These numbers tell us that the underlying productivity surge observed in recent years remains alive and well, ... If productivity could rise by 1.1 percent during a sluggish growth environment, imagine what can happen once the U.S. reverts back towards trend economic growth.
Anthony Chan
The initial knee jerk reaction was a powerful rally in the morning. As cooler heads prevail, it's clear it's still a positive for equities, but the question is whether it is strongly positive or mildly positive.
Anthony Chan
It confirms the belief that the weakness in retail sales was the result of a bunker mentality in the wake of the terrible events of Sept. 11.
Anthony Chan
Our own studies have shown that consumers tend to switch over to non-store outlets in times of higher energy costs .
Anthony Chan
Readers Who Like This Quotation Also Like:
Based on Keywords: spoilerOne congressman asked 'I just want to know if you've accepted Jesus Christ as your personal savior. The minister looked stunned, and he said 'no.' The whole table almost fell on the floor. The congressman was quite serious. That was his litmus test.
Jim Sasser
Beware of geeks bearing formulas.
Warren Buffett
The main object of a revolution is the liberation of man... not the interpretation and application of some transcendental ideology.
Jean Genet