The jury is out on this one. He's certainly going to make a big splash in this area. Whether he loses or not, we don't know.
More Quotes from Anthony Chan:
There's no question that what's happening in the stock market is going to hurt consumer spending. The only thing helping us is the performance of housing.Anthony Chan
When the economy is creating 200,000 new jobs a month, we can tolerate 65 to 70 a barrel oil. It masks the impact on consumer confidence.
Anthony Chan
The consumer credit-to-disposable income ratio is much higher than it was in the '50s, so you can't argue that there is as much excess capacity on the borrowing side as there was in the '50s,
Anthony Chan
Even though I don't think one number is going to change the Federal Reserve's mind, the markets react to data as it comes out and these numbers were not inflation friendly.
Anthony Chan
Recent trends in this index strongly suggest that the largely anticipated path towards economic recovery has in all likelihood already begun,
Anthony Chan
The CPI report was very tame. It sort of reflects the comments by Alan Greenspan that even though monetary policy is way too expansive right now, inflation is sufficiently a non-event, a non-problem, so the Fed obviously can wait at this point,
Anthony Chan
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