The recovery of 2002 looks poised to mirror the recovery of a decade ago, with a moderate economic and earnings recovery following a short and shallow recession.
More Quotes from 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
Although the BLS failed to provide an estimate of what the hurricane did to this report, my research does show that in nine out of the last 10 largest hurricanes, payrolls softened by an average of 120,000,
Anthony Chan
There's a huge hurricane hangover. I think the government will have to trip over itself to decide whether to have a huge downward revision to last month or whether the job losses will take a bigger hit this month.
Anthony Chan
This economic recovery is a lot more fragile than most of us thought.
Anthony Chan
We had economic growth of 8.3 percent in the fourth quarter of 1999, and a lot of business plans were based on that oversized growth, ... When you make capital spending plans based on that kind of economic growth, you're going to get a lot of problems.
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
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