Greenspan's testimony is good for the bond market ... because they realize the recovery is going to be gradual in nature, ... It's good for the equity market because the Fed won't stand in the way of recovery.
More Quotes from Anthony Chan:
We're still far from deflation, but not far from a deceleration in inflation, and that's why policy makers have to remain vigilant,Anthony Chan
As the natural displacement from other consumption goods toward energy goods occurs with rises in energy prices, it is easy to conclude that our natural wealth and standard of living will inevitably decline.
Anthony Chan
When the economy is creating 200,000 new jobs a month, we can tolerate 65 to 70 a barrel oil. It masks the impact on consumer confidence.
Anthony Chan
We will see a moderation but not a collapse in consumer spending,
Anthony Chan
clear evidence that this sector will not continue rising forever.
Anthony Chan
It's tempting to say these are terrible jobs, but the service sector has more wage pricing power than the manufacturing sector. If you're getting a pay increase from your boss today, it's probably not in manufacturing.
Anthony Chan
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Based on Topics: Nature QuotesI spent a lot of years just learning my craft and falling down in front of the camera.
Thomas Jane
In the world of words, the imagination is one of the forces of nature.
Wallace Stevens
Consider well this fact: As long as the German people does not arise and use force directed by its own will, the assassination of the people will continue.
Karl Liebknecht