153 Total Quotes

Anthony Chan Quotes Page 4

One thing to keep in mind is that [Challenger's] numbers are not seasonally adjusted. Therefore, when you make comparisons, you really have to make them on a year-to-year basis,
Anthony Chan
#Mind

Clearly when you speak of an economic slowdown, you usually talk of an unemployment rate that is much, much higher. This environment is just not right for a recession,
Anthony Chan
#Unemployment

[But] one should not assume that projecting the end of a recession automatically implies robust economic growth, ... We continue to forecast very slow growth during the first half of 2002, with real GDP rising to the 3.0 to 3.5 percent growth range during the second half of the year.
Anthony Chan
#Growth

[Consumer prices] are really what you have to worry about, ... In the consumer price index, there seems to be some extreme resiliency on the service side, which is much larger than the goods side. There's no deflation on the service side.
Anthony Chan
#Worry

If the war's prospects improve from here, consumer optimism is likely to improve, while if we see further setbacks of the type we experienced this past weekend, then we must be prepared to see a dip in consumer sentiment threatening to slow the pace of consumer spending further.
Anthony Chan
#Optimism

This provides a big shot in the arm to the notion that geopolitical concerns were holding back the economy. Otherwise we wouldn't have seen such a big pop. This probably exaggerates how excited consumers will be after all is said and done, but it gets the direction right.
Anthony Chan
#Economy

We produce less than 50 percent of all the energy that we consume.
Anthony Chan
#Energy

The most important factor [in this survey] is labor market, labor market, labor market.
Anthony Chan
#Labor

That's still not up to par, still not what people expected at this point in the recovery.
Anthony Chan
#People

It would have been a lot more comforting to see greater strength in the ex-auto component than in the headline figure.
Anthony Chan
#Strength

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
#Risk

I think the Fed certainly looks at this as building up as pricing power on the part of companies, ... But (the price index) is still within the tolerable range for the Fed. That's not to say the Fed can relax and go on vacation, but I would say they're a relatively benign.
Anthony Chan
#Power

It appears as though the level of job security is rising and that's a very encouraging thing to consumers, ... Consumers are spending more on general merchandise as well as on eating out. People don't go out to restaurants a lot if they're not feeling good about their economic situation.
Anthony Chan
#Security

It provides more ammunition for the doves arguing for more moderation, and takes leverage away from the hawks arguing for (a bigger, half-percentage point) hike.
Anthony Chan
#Moderation

This is clearly a non-threatening report for investors and policy makers alike. Labor market conditions appear to be tepid enough to justify less rather than more Fed rate hikes while wage pressures did not spoil the party.
Anthony Chan
#Labor

The report is certainly encouraging. It says there's no urgency to panic about inflation. But that's not the same as saying there's justification for a pause. This is all pre-Katrina. There's enough pipeline pressures out there to say that a pause is not a slam dunk.
Anthony Chan
#Inflation

For the moment, the market is celebrating because the announcement removes uncertainty.
Anthony Chan
#Uncertainty

The equity market wants someone who controls inflation, but not to the point where they go overboard.
Anthony Chan
#Inflation

Continuity is all but assured. The Fed has worked hard to win credibility and Greenspan is not going to throw it away in the final few months of his term.
Anthony Chan
#Credibility

A lot of players in the economy are realizing this is a sustainable expansion. That's a factor you must have in order to support increased hiring.
Anthony Chan
#Economy

This hurricane dwarfs anything we've seen before. There are still a lot of people out there that just have not had a chance to file.
Anthony Chan
#People

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.
Anthony Chan
#Sales

We're still far from deflation, but not far from a deceleration in inflation, and that's why policy makers have to remain vigilant,
Anthony Chan
#Inflation

Although we should get a boost from the reduction in tax withholding along with tax rebates to lower-income taxpayers, the fear is that the persistence of poor labor-market conditions and continuing geopolitical risk may end up tempering economic growth conditions during the third quarter,
Anthony Chan
#Income

The stock market didn't want the economy to grow too quickly because they were worried about aggressive rate hikes, ... They wanted the Goldilocks approach where everything was just right. But now they realize that maybe the porridge is a bit too cold for their taste.
Anthony Chan
#Economy

The significant number of headwinds such as rising energy prices and the prospects of rising short-term rates are taking their toll on the economy,
Anthony Chan
#Energy

The jump in payrolls this month shows that although the economy clearly went through a wider-than-expected soft patch, it does not appear as though the shortfall in growth was permanent,
Anthony Chan
#Economy

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
#Research

[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