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.
More Quotes from Anthony Chan:
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
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
Given that we import more than 50 percent of our oil consumption from abroad, it is clear that as these prices rise, we are essentially transferring net wealth from U.S. consumers to oil producers that are mostly located overseas.
Anthony Chan
The recovery is proceeding, but gradually, and that's actually healthy. It's the kind of recovery central bankers dream of -- gradual, not explosive, and therefore long-lasting and sustainable.
Anthony Chan
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
Corporate earnings growth is slowing. Earnings might be growing at 9 to 10 percent, and that's still impressive. But they're going in the wrong direction.
Anthony Chan
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The sad truth is that excellence makes people nervous.
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The whole idea that what is not normal should be kept secret - that's really distasteful to me.
Dan Farmer