392 Quotes by Anthony Chan
- Author Anthony Chan
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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.
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- Author Anthony Chan
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This big decline may seem a little on the aberrant side, and we have to be careful about it, but at least some of it has to be real.
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For those people hoping for a light at the end of the tunnel, this report reveals the tunnel is still under construction.
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Certainly, we see some encouragement. We see an economy that's still weak... but not falling off the cliff. The notion that we're not going to have a recession is confirmed by these numbers.
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Yields at the auction came at levels that were not lethal to the stock market. Overall, it is somewhat encouraging for equities.
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Given the signs of recovery in the manufacturing sector, that won't bring the economy to its knees, but it will ensure that this will be a moderate rather than robust recovery.
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This action really reveals the Fed's excitement with the emerging signs of economic growth we're seeing.
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Buyers are going to be in a sweet spot in about three to six months. The speculators who are still holding properties will be panicking by then as their carrying costs mount. It won't be a bloodbath, but that's when prices should be at their lowest.
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This is an economy coming back, but it's going to be a moderate recovery. But we should not despair, since a balanced recovery has the best chance of turning into a longer-lasting recovery.
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