Anthony Chan Work Quotations

Preliminary estimates indicate 60 percent damage to downtown New Orleans. Plenty of cleanup work and rebuilding will follow in all the areas. That means over the next 12 months, there will be lots of job creation which is good for the economy.

People watching the Chinese trying to generate a soft landing think that, if it doesn't work in five minutes, it must not be working. We're not seeing immediate results, but I think it's incorrect to assume that, a year or a year and a-half from now, we're not going to see some of these effects. We will.

The decline in the length of the average work week ... tells us this leading employment indicator does not foreshadow any immediate end to this general pattern of weakness in the labor market.

Additionally, it was encouraging to see a small increase in the length of the work week, which usually serves as a leading indicator of future employment growth.

We're starting to see the savings rate pick up from near historic levels, which is very encouraging. Though we don't expect Fed tightening to work overnight, we are starting to see some of the early results of the significant tightening we've seen to date.

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.

Continuity is all but assured. The Fed has worked hard to win credibility and Greenspan is not going to throw it away in the final few months of his term.

This is an exciting number, but it was warmer in November than usual. The warm weather is the equivalent of zero-percent financing on automobile sales. You're going to see this work itself off in months to come.

All this stimulus is going to work, ... just not overnight. It's probably going to take a couple of quarters to work itself out.

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.

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