Preliminary estimates indicate 60 percent damage to downtown New Orleans. Plenty of cleanup work and rebuilding will follow in all the areas. That means over the next 12 months, there will be lots of job creation which is good for the economy.
More Quotes from Anthony Chan:
Nothing in this report tells things are running out of control.Anthony Chan
If we see strong average hourly earnings, that would be bad for stocks and bonds because it puts the inflation bogey-man on the front burner.
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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
This is an exciting number, but it was warmer in November than usual. The warm weather is the equivalent of zero-percent financing on automobile sales. You're going to see this work itself off in months to come.
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Additionally, it was encouraging to see a small increase in the length of the work week, which usually serves as a leading indicator of future employment growth.
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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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If you leave the smallest corner of your head vacant for a moment, other people's opinions will rush in from all quarters.
George Bernard Shaw
We make a ladder for ourselves of our vices, if we trample those same vices underfoot.
Saint Aurelius Augustine