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Anthony Chan Quotes

Clearly labor markets are very, very tight. - Anthony Chan

Tags

Labor | Markets | Tight |

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The good news is that if so many people are entering the labor force it must mean that they are perceiving an improvement in the economy's prospects... The bad news, however, is that if too many people become optimistic about their job prospects, then the unemployment rate will continue to push higher. And the higher unemployment rate does have a damaging impact on consumers. They see it and they think, 'I shouldn't be spending money.' That's one of reason the unemployment rate is so important. It's the one that drives what happens on main street. - Anthony Chan

Yes, the economy was slow and would have come within a hair's distance of a recession. But Sept. 11 was the fatal blow to the economy this year. That probably will be the most important market and economic event of the year. - Anthony Chan

This report kind of confirms the market's fears that the economy is limping around on just one foot. At same time, I don't think this report is telling us we're moving toward a recession. - Anthony Chan

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