Exports increased by such a small amount, it's not enough to tell me the inventory problem is going to go away. We need world economic growth to start picking up.
More Quotes from Anthony Chan:
I think it's fair to say it'll be the least important or most distorted jobs report in memory. Maybe both.Anthony Chan
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.
Anthony Chan
With a fall in the yearly rise in average hourly earnings, both investors and policy-makers can avoid pushing the panic button for a little while longer. In other words, while a (May interest rate hike) remains all but assured, this report did little to nail further tightening beyond this stage.
Anthony Chan
What it tells us is that we may see a bit of an easing off of economic growth or momentum. But even though the trajectory of growth may, in fact, ease a bit in 2006, I think the expansion remains intact.
Anthony Chan
These numbers give the Fed license to cut rates as much as necessary.
Anthony Chan
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.
Anthony Chan
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