As the equity markets react positively to this change, we get a bit of a positive wealth effect which in turn should induce higher consumer spending.
More Quotes from Anthony Chan:
The jury is out on this one. He's certainly going to make a big splash in this area. Whether he loses or not, we don't know.Anthony Chan
The number tells me a recession is coming, but it will be relatively mild in the wake of all the stimulus coming. But I would caution investors not to be so complacent as to think this could be bottom. It's going to be a lot uglier in the fourth quarter.
Anthony Chan
The job market is going to get worse -- this is a jobless recovery.
Anthony Chan
The momentum going into 2006 is clearly healthy. We will be able to withstand weaker growth for the rest of the quarter and almost not miss a heart beat.
Anthony Chan
Investors will be intently listening to see if he says anything that clears up what the future monetary path is likely to be,
Anthony Chan
The Fed will probably want to see signs of a firmer recovery before they jump the gun. They'll take a pass at their meetings in May and in June. They may start the raising process after that, but it will be gradual.
Anthony Chan
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Based on Topics: Change QuotesPut no inscription over the grave, except the date of my birth and my death; and, wherever I am buried, let the funeral be perfectly private, with as few persons attending, and as little show and expense as possible.
Isaac Butt
Force is the weapon of the weak.
Ammon Hennacy
Do what you haven't done is the key, I think.
Ridley Scott