153 Total Quotes

Anthony Chan Quotes Page 3

We're basically missing 5.1 million jobs at this stage of the expansion. You could even call it the case of the missing jobs, ... different paradigm.
Anthony Chan
#Jobs

I think they feel the inflation risks are inching higher, but I don't think they're inching so much higher to suggest we have a serious problem at hand,
Anthony Chan
#Inflation

There's a very good likelihood we'll see the sector come back as rebuilding takes place and the economy starts to react to the huge stimulus in the pipeline.
Anthony Chan
#Economy

As the natural displacement from other consumption goods toward energy goods occurs with rises in energy prices, it is easy to conclude that our natural wealth and standard of living will inevitably decline.
Anthony Chan
#Energy

All this stimulus is going to work, ... just not overnight. It's probably going to take a couple of quarters to work itself out.
Anthony Chan
#Work

The fact that unemployment is getting worse is not a surprise. But the fact that it's deteriorating at this pace is a surprise.
Anthony Chan
#Unemployment

To the extent that consumer sentiment reacts to movements in the unemployment rate rather than the meager increase in non-farm payrolls, we have to take this ... report as delivering good news to the troops.
Anthony Chan
#Unemployment

The consumer credit-to-disposable income ratio is much higher than it was in the '50s, so you can't argue that there is as much excess capacity on the borrowing side as there was in the '50s,
Anthony Chan
#Income

[Retailers] won't make up the sales in two weeks, ... but over the next month they may make up at least half to three-quarters of the sales in the form of some discounting.
Anthony Chan
#Sales

While an economy is limping during the earliest or first stage of an expansion -- this is where we are -- the ability to pass on the effects of higher input prices like energy is quite limited. But as soon as the economy begins to gain traction, more of these prices can be passed on.
Anthony Chan
#Economy

These figures strongly suggest that the labor market recovery train is still not even at the train station as of yet.
Anthony Chan
#Labor

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.
Anthony Chan
#Sales

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.
Anthony Chan
#Economy

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.
Anthony Chan
#Future

The risk of deflation has increased. Is it a significant risk? Probably not.
Anthony Chan
#Risk

In other words, before the end of 2002, the Fed should signal that their upward rate moves were just a warm-up for what we can expect in 2003.
Anthony Chan
#Words

The headline number is encouraging, but if you strip out the volatile components and look at core growth, it's telling you we're turning the corner, but we're not running around the corner.
Anthony Chan
#Growth

Although today's employment report provides little evidence of anything resembling a double-dip recovery, it does provide stronger support for the onset of a gradual to a moderate recovery in the months ahead.
Anthony Chan
#Support

The bottom line is, the labor market is going to continue to show further deterioration, not because it's getting worse, but because of mechanics. As the unemployment rate gets higher, the consumer is going to consider that.
Anthony Chan
#Labor

Our analysis suggests the pace of consumer spending is likely to slow in the near-term future,
Anthony Chan
#Future

We're coming off 6 percent consumer spending growth in the fourth quarter, and that's going to moderate. It's not going to collapse, but see we spending in the neighborhood of 2 to 3 percent for the rest of the year.
Anthony Chan
#Growth

The labor market seems to be improving, but still at such slow pace, it's probably too early to start celebrating.
Anthony Chan
#Labor

The overall trend is that we're making progress,
Anthony Chan
#Progress

I think the numbers minimize the probability of any action this year.
Anthony Chan
#Action

This puts to rest any question of whether or not we're going to have an explosive recovery. We're clearly not.
Anthony Chan
#Rest

There's no question that what's happening in the stock market is going to hurt consumer spending. The only thing helping us is the performance of housing.
Anthony Chan
#Hurt

Our own studies have shown that consumers tend to switch over to non-store outlets in times of higher energy costs .
Anthony Chan
#Energy

[Greenspan's testimony] is good for the bond market ... because they realize the recovery is going to be gradual in nature, ... It's good for the equity market because the Fed won't stand in the way of recovery.
Anthony Chan
#Nature

These jobs are not lost forever, ... When you take into account everything coming through the pipeline, all Federal aid, all the insurance money, there will be a lot of jobs created by recovery efforts. Remember the GDP of New Orleans was about $40 billion annually before the storm. We'll easily see more than that being pumped into the system.
Anthony Chan
#Jobs

Consumers are generally unfazed by acts of war, as long as the economic fundamentals are favorable,
Anthony Chan
#War