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Anthony Chan Quotes
«There doesn't seem to be any real urgency for firms to start hiring, precisely at a time we're seeing a reemergence of people becoming interested in looking for a job, ... Put the two together, and you have a formula for higher unemployment.»
Author: Anthony Chan
«The resiliency of the consumer is very impressive in the wake of so many terror warnings, ... One cautionary note is that, moving forward, these numbers may soften, as those warnings are still coming.»
Author: Anthony Chan
«Consumers are maintaining their 'resilient credentials,' as evidenced by today's impressive results, ... Consumers will hold up the economy and prevent anything resembling a double-dip [back into recession].»
Author: Anthony Chan
«The CPI report was very tame. It sort of reflects the comments by Alan Greenspan that even though monetary policy is way too expansive right now, inflation is sufficiently a non-event, a non-problem, so the Fed obviously can wait at this point,»
Author: Anthony Chan
«These numbers tell us that the underlying productivity surge observed in recent years remains alive and well, ... If productivity could rise by 1.1 percent during a sluggish growth environment, imagine what can happen once the U.S. reverts back towards trend economic growth.»
Author: Anthony Chan
«The fears we had that growth was pretty soft and fungible are basically coming out; that's what the data are showing,»
Author: Anthony Chan
«The retail sales figures clearly prove that betting against the consumer is a sucker's bet, ... Not surprisingly, the ex-auto figure on retail sales tears down the argument that consumers are only buying cars and houses.»
Author: Anthony Chan
«The much stronger-than-expected durable goods number is significant because it comes on the heels of a sizable gain the previous month,»
Author: 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.»
Author: Anthony Chan
«There's a danger in being too positive, of there being a huge disconnect between how positive a policy-maker sounds and what the economy is doing, ... That was probably one of O'Neill's greatest shortfalls -- the dichotomy became too wide.»
Author: Anthony Chan