153 Total Quotes

Anthony Chan Quotes Page 5

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

[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

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

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

This report supports Greenspan's rosy economic view that the economy is likely to continue to grow unabated this quarter thereby justifying continued increases in short-term rates.
Anthony Chan
#Economy

There is not much growth behind the curtain when all is said and done.
Anthony Chan
#Growth

New Fed chairmen like to come out of the gate looking hawkish as they try to formulate their credibility. Then, they go back to looking more dovish.
Anthony Chan
#Credibility

For the equity market, this is somewhat good news because certainly (the report) is an important button for the Federal Reserve to see if its policies are working and that housing is slowing down, as it would be expected to do so, with all the hikes in short-term interest rates.
Anthony Chan
#News

The encouraging stuff is they basically see the economy sort of chugging along,
Anthony Chan
#Economy

The only issue that is troubling is they feel some of the costs from energy are being passed on.
Anthony Chan
#Energy

This report kind of confirms the market's fears that the economy is limping around on just one foot. At same time, I don't think this report is telling us we're moving toward a recession.
Anthony Chan
#Economy

This confirms fears that the economy was growing slowly, but it doesn't absolutely mean we are headed for a double-dip recession.
Anthony Chan
#Economy

Real new home sale prices and existing-home sale prices have been rising very sharply. When that starts to give way and we don't have the equity market picking up where housing left off, that's another reason the economic expansion will be gradual.
Anthony Chan
#Home

It doesn't give support to a robust expansion, ... Expansion is coming, just not the garden-variety explosive economic expansion.
Anthony Chan
#Support

The resilient consumer and an attempt by businesses to jump-start and keep the economy going -- the combination of those two forces gave us a bounce-back in economic activity.
Anthony Chan
#Economy

Futures are down this morning, feeling the pressure of Texas Instruments' weak forecast. Now it is clear that growth is certainly going to slow. The question is, by how much?
Anthony Chan
#Growth

The rise in the unemployment rate takes much of the sting away from the robust gain in payrolls from a monetary policy perspective. The big fear ahead of the release of this report was that labor markets were overheating.
Anthony Chan
#Unemployment

We see the slowdown crystal clear in the MBA purchase index, and it's starting to show up in monthly sales data. The one thing that was supporting the market, low mortgage rates, is being taken away.
Anthony Chan
#Sales

If we see strong average hourly earnings, that would be bad for stocks and bonds because it puts the inflation bogey-man on the front burner.
Anthony Chan
#Inflation

The bidding fever that was present a year or so ago has all but disappeared, and that's another sign that this market is slowing.
Anthony Chan
#Present

This is a shock -- and the shock is going to be there.
Anthony Chan
#Shock

We have almost 500,000 people in the New Orleans area and you have a less than 80,000 increase in claims. We are going to have a lot more than that. Clearly a lot of people can't yet file claims.
Anthony Chan
#People

I think that if the Fed goes back to normal language about 'measured pace' (of rate hikes), it becomes a secondary story, ... It is only becoming a big story because of the uncertainty about what they were going to do. The equity markets will be looking for language here again. If it talks too harshly about inflationary pressures, it could be unfriendly for stocks.
Anthony Chan
#Language

What the Fed showed was that extraordinary circumstances require an extraordinary strategy. Not only are they moving rates to lows not seen since the early '60s, they're prepared to move them a lot lower.
Anthony Chan
#Circumstances

History would suggest that getting [into equity markets] a bit early is often not too costly, since the lion's share of the negative performance is generated during the first third of a recession.
Anthony Chan
#History

We still have a labor market that's deteriorating, and today's numbers epitomize that. We're going to continue to see deterioration, which will pose serious challenges to consumer confidence and keep the economy soft for another quarter or two.
Anthony Chan
#Labor