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Anthony Chan Quotes
«That report certainly reveals the recession is not over. The gains we had in September are not sustainable and illustrate why the central bank has to continue to lower rates. At this juncture, the easing of rates basically is serving as a consumer confidence booster.»
Author: Anthony Chan
«I think it was interesting that sales fell despite the fact that we had limited auto incentives in November. It raises the question of what is likely to happen once these incentives disappear entirely.»
Author: Anthony Chan
«Yes, the economy was slow and would have come within a hair's distance of a recession. But Sept. 11 was the fatal blow to the economy this year. That probably will be the most important market and economic event of the year.»
Author: 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.»
Author: Anthony Chan
«The housing market doesn't surprise me; it's been rising all along and enabled the economy to experience only a mild recession.»
Author: Anthony Chan
«These claims numbers confirm the notion that things may improve sometime in the future. The fact that we didn't go over 400,000 was very encouraging.»
Author: Anthony Chan
«More rate cuts may not be forthcoming, but the Fed is also not likely to start raising rates as quickly as financial markets expect.»
Author: Anthony Chan
«When you measure [prices of ] both goods and services, you come up with a tame inflation environment, which is policy nirvana. You can apply as much fiscal policy and monetary policy as you want without side effects.»
Author: Anthony Chan
«The risk of deflation has increased. Is it a significant risk? Probably not.»
Author: 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.»
Author: Anthony Chan