Anthony Chan Year Quotations

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.

In view of the stimulus already out there, I think the Fed will finish out the year by raising rates until the end.

The Fed is likely to continue to raise rates for much of the year 2005.

Next year it may be tepid with a capital T.

Outside of energy, the consumer is fine. That's why growth this year will be weaker than last year, and it will be weaker next year than this year.

The bidding fever that was present a year or so ago has all but disappeared, and that's another sign that this market is slowing.

Several times in the last year we've seen mortgage rates creeping up and housing hasn't responded. Now the Federal Reserve has put some credibility behind the increase in rates. I think it set a general tone for the housing market that it'll be a lot more muted.

This would provide another pillar of support for the view that the economic recovery in the year ahead is likely to be gradual,

I think we will get that bump. I think this is temporary. My forecast at the beginning of the year still stands for 2.5 million new jobs. But I certainly do see a soft patch here.