Anthony Chan Effect Quotations

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.

The terrible, devastating effects of hurricanes Katrina and Rita, when we see those things on TV, we know we don't feel as good about our country or even about ourselves.

This report was very encouraging. It gives us stronger employment growth than the market was expecting while none of negative side effects of economic growth are present, such as higher inflationary pressure from wages.

While an economy is limping during the earliest or first stage of an expansion -- this is where we are -- the ability to pass on the effects of higher input prices like energy is quite limited. But as soon as the economy begins to gain traction, more of these prices can be passed on.

When we exclude the effects of the recent hurricanes, we have to come away with the conclusion that despite higher energy prices and a battery of hurricanes, the job market is not doing all that bad.

As the equity markets react positively to this change, we get a bit of a positive wealth effect which in turn should induce higher consumer spending.