I don't think the recovery is in danger. But I think what we have here is a situation where the Federal Reserve will probably look at the numbers a lot more closely. If we see another two or three economic statistics that surprise us, yes the Fed can pause and not raise rates in August.
More Quotes from Anthony Chan:
But what we've seen is if you hit the economy over the head enough times with higher energy prices and short-term interest rate hikes, it reacts.Anthony Chan
The headline number is encouraging, but if you strip out the volatile components and look at core growth, it's telling you we're turning the corner, but we're not running around the corner.
Anthony Chan
Any time you have a situation like this it creates opportunities for companies to clean up their attics, and that means lowering estimates and partly, or completely, attributing it to Katrina.
Anthony Chan
The job market is going to get worse -- this is a jobless recovery.
Anthony Chan
The best way to describe this report is 'holy cow,' ... This is a great report. We have Alan Greenspan a little bit worried about inflation and certainly the financial markets will realize that those worries certainly continue to prove to be unfounded.
Anthony Chan
Corporate earnings growth is slowing. Earnings might be growing at 9 to 10 percent, and that's still impressive. But they're going in the wrong direction.
Anthony Chan
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