This economic recovery is a lot more fragile than most of us thought.
More Quotes from Anthony Chan:
You typically see, from the trough of a recession to the time when the recession ends, a 1.3-percent gain in payrolls, ... From when the recession likely ended, in December of last year, we've had 0.004 percent gain, instead of that 1.3 percent gain. There's a pent-up demand for labor, given such a jobless recovery.Anthony Chan
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
Consumers at this juncture are fighting the forces of economic slowdown with patriotism, ... As economic conditions continue to deteriorate, this challenge will become greater.
Anthony Chan
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.
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
The key number was not the headline (overall CPI) number,
Anthony Chan
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