Futures are down this morning, feeling the pressure of Texas Instruments' weak forecast. Now it is clear that growth is certainly going to slow. The question is, by how much
More Quotes from Anthony Chan:
The fears we had that growth was pretty soft and fungible are basically coming out that's what the data are showing,Anthony Chan
These numbers confirm the notion that consumer spending, which has been so resilient, is under some threat. With investor sentiment so weak and the labor market continuing to deteriorate, consumer confidence had only one way to go -- lower.
Anthony Chan
We're probably going to see unemployment at 5 percent by the time this is over. The good news is, this is still relatively low compared to the past two recessions.
Anthony Chan
We can't ignore the trend -- jobless claims have been coming down. We're at least close to turning the corner on the labor market front.
Anthony Chan
He's saying so far there is sufficient flexibility that we can tolerate a higher deficit than we could 10 years ago. He didn't say ignore it.
Anthony Chan
I think the risk is the downside, not the upside, ... I think the markets are fairly nervous about the prospects for growth. They're going to be dissecting the number. If we have slower than expected consumer spending and stronger than expected inventory growth, that's not going to bode well for the next quarter or so.
Anthony Chan
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