The job market is going to get worse -- this is a jobless recovery.
More Quotes from Anthony Chan:
Although it's not particularly good news for the housing market, the fact that you're seeing weakness here shows that monetary policy is working and the (Fed) would not have to blunt the economy with more hikes than the market has been anticipating.Anthony Chan
If we close the borders and have less undocumented workers, it would put some upward pressure on overall wages. It's no secret business will have to pay workers more money.
Anthony Chan
It could be the weather. Distribution costs increase with the cost of energy. Fertilizer goes up when energy goes up. There are various reasons for the surge.
Anthony Chan
The much weaker-than-expected rise in payrolls truly confirms the cautious demeanor expressed by various Federal Reserve policy officials.
Anthony Chan
We will see a moderation but not a collapse in consumer spending,
Anthony Chan
The core (inflation measure), while it's up, still looks very contained. This just keeps the Federal Reserve interest rate hike engine humming along after June 30.
Anthony Chan
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