Anthony Chan Quotes
The manufacturing sector has turned the corner and improved, but it is not likely to push the economy to a level of growth that will make policy makers nervous or financial markets nervous [about higher interest rates]. It's steady growth, which is better than rapid growth that would likely be snuffed out by the Federal Reserve.
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Manufacturing | Sector | Turned | Corner | Improved |
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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
Anything that causes people to spend more time thinking about what they do will clearly have an impact on productivity. The good news is this is not a permanent situation -- these things have a way of clearing themselves up. But will it be completely inconsequential? I don't think so.
- Anthony Chan
