Essentially, the energy prices outlook offers almost a lose, lose scenario. Bad news for inflation if they rise and bad news for the economy if they rise too much.
More Quotes from Anthony Chan:
Given the strong fervor for doing something quickly to help the economy, given that Fed Chairman Alan Greenspan has said repeatedly that monetary policy is more effective at helping the economy in the short run than fiscal policy, Greenspan will push aggressively for a half-percentage-point cut.Anthony Chan
Based on these trends, it is not too difficult to conclude that the average consumer is probably a bit overextended from a credit standpoint,
Anthony Chan
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
I think this is the best of all possible worlds for the Fed. They'd like to see the economic expansion sustained without the side effect of higher inflationary pressure from wages.
Anthony Chan
This confidence is encouraging and takes some of the pressure off the terrible number we saw with retail sales.
Anthony Chan
The recovery of 2002 looks poised to mirror the recovery of a decade ago, with a moderate economic and earnings recovery following a short and shallow recession.
Anthony Chan
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