392 Quotes by Anthony Chan
- Author Anthony Chan
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The only issue that is troubling is they feel some of the costs from energy are being passed on.
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Preliminary estimates indicate 60 percent damage to downtown New Orleans. Plenty of cleanup work and rebuilding will follow in all the areas. That means over the next 12 months, there will be lots of job creation which is good for the economy.
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The new-home sales market is the canary in the coal mine. Builders have a better clue as to what the right price is to move a house.
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Weaker consumer confidence threatens to reverse the course of the recovery. That's why policy makers will be so cautious. They don't really have to worry about the economy's fundamentals, but they do have to worry about confidence.
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The primary catalyst in the market remains energy, it continues to rule the day. But then we saw that energy prices started to go up, and that took some of the luster off the gains.
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Saying that higher oil prices have not increased the risk of recession or serious economic slowdown is clearly not the same thing as saying that they have not had an impact.
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The overall weakness was so pervasive that it would be silly to completely dismiss the devastating weakness of this report.
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When we see a change in payrolls that is dominated by a glitch in the seasonal factor, no change in average hourly earnings and only a small gain in the length in the average workweek, we know that the message is encouraging but not exhilarating,
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It's not all that encouraging for the Fed.
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