Anthony Chan Continuing Quotations

Although we should get a boost from the reduction in tax withholding along with tax rebates to lower-income taxpayers, the fear is that the persistence of poor labor-market conditions and continuing geopolitical risk may end up tempering economic growth conditions during the third quarter.

It now looks as though the economy is continuing to gravitate towards a more gradual pace of economic growth.

Continuing claims numbers are very closely tied to unemployment, and they are skyrocketing.

These numbers confirm the notion that consumer spending, which has been so resilient, is under some threat. With investor sentiment so weak and the labor market continuing to deteriorate, consumer confidence had only one way to go -- lower.