Anthony Chan Energy Quotations

We still see limited penetration into the rest of the economy. It's too early to say you're seeing pricing power to pass on the energy cost increases just because you saw just a jump in the core PPI number. The world has changed. In the old traditional world, whenever you had mature expansion, you had pricing power. Today with globalization, that's no longer the case.

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.

The only issue that is troubling is they feel some of the costs from energy are being passed on.

The primary catalyst in the market remains energy, it continues to rule the day. But then we saw that energy prices started to go up, and that took some of the luster off the gains.

Lower energy prices will cushion the blow to the economy from the higher prices so far. Psychologically, it helps the consumer and that means the hit to the economy will not be as great as feared earlier.

But what we've seen is if you hit the economy over the head enough times with higher energy prices and short-term interest rate hikes, it reacts.

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.

Our own studies have shown that consumers tend to switch over to non-store outlets in times of higher energy costs .

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.

We produce less than 50 percent of all the energy that we consume.

We can't lose sight of the fact that energy restricts growth. It is doing so.

While weather played a role in soft apparel sales, the high energy prices impacted overall sales. Net-net, the climate is likely to get better with improvements in the labor market.

This was low because of lower energy prices. I don't think that's a decline we can expect to continue.

Everybody knows energy prices are out of control. But to see the core number coming in line with expectations and the year-over-year figure actually declining tells me the Fed is back on plan to move at a gradual pace (of rate increases.)

As the natural displacement from other consumption goods toward energy goods occurs with rises in energy prices, it is easy to conclude that our natural wealth and standard of living will inevitably decline.

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.

These results suggest that the current low energy prices should serve as an important and positive boost to overall economic growth.

The significant number of headwinds such as rising energy prices and the prospects of rising short-term rates are taking their toll on the economy,

The movement in labor market conditions is a lot more important than the movement in energy prices. Only when labor market conditions are deteriorating have we historically seen that energy prices have an impact.

This is very good news. Workers may end up getting the purchasing power they've been lacking so far. While overall prices are still rising, we have good reason to believe energy prices will be going down.

The Federal Reserve and energy prices really have the fate of the economy in their hands.

The Fed will raise rates, but they're aware that higher energy prices might do some of their job. And inflation is not so high that they need to panic.

The impact of higher energy prices is starting to bite corporate America. It's either going to raise costs or lower demand.

All the focus is on the core number. The Fed said yesterday that energy has not worked its way down to core consumer prices.