Anthony Chan
Bio
Chan Economics LLC, Public Speaker
Chief Global Economist & Public Speaker JPM Chase ('94-'19).
Senior Economist Barclays ('91-'94)
Economist, NY Federal Reserve ('89-'91)
Econ. Prof. (Univ. of Dayton, '86-'89)
Ph.D. Economics
Achievements (1)
Stories (297)
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A Bold Nonpartisan Election Proposal
The current presidential campaign is not serving the people's interest when the cognitive ability of a single candidate is the most popular topic of the election. We have stopped discussing the salient issues that will impact the future of the 330 million people who inhabit a place we call the United States of America. As Candide expressed in the novel by Voltaire, “le meilleur des mondes possibles,” translated as “in the best of all possible worlds,” the American people deserve to know what each party would do to make their lives better or worse if they are elected!
By Anthony Chan2 years ago in The Swamp
A Closer Look at the Diverging Signals from U.S. Employment Surveys
Some economy watchers have been surprised by the faster employment growth recorded by the U.S. Establishment Survey, ES (used to compute non-farm payrolls) versus the Household Survey, HS employment (used to calculate the national unemployment rate). The Bureau of Labor Statistics, which compiles this data, argues that the ES is more closely linked to economic growth because it includes 80% of workers who contribute to real GDP. In contrast, others believe the HS is better at capturing turning points in the economy because it measures the number of people employed rather than the number of jobs.
By Anthony Chan2 years ago in Trader
A Journey of Brightness and Balance
As the blistering hot rays of the summer sun surrounded the area on the longest day of the year, I felt a surge of anticipation and excitement. Today was not just any day; June 20, 2024 (Summer Solstice), was a day to honor the Sun and its life-giving energy, reflect on the past year, and prepare for one of the most exciting seasons of the year! Opening my eyes to the warm, amber light flooding my bedroom, I aimed to ensure my summer would start well!
By Anthony Chan2 years ago in Fiction
What Has Been the Federal Reserve’s Biggest Policy Misstep?
Without a doubt, it was waiting too long to raise its policy interest rate (e.g., the federal funds rate) until inflation rose to unacceptable levels. Nonetheless, what eludes most Fed critics, who seem to believe this is the Federal Reserve’s most significant blunder of all time, is that this has happened many times before. Although making the same mistake more than once is not a valid defense, we seek to set the record straight on this issue.
By Anthony Chan2 years ago in Trader
Oil Market Paradox
OPEC's June 2, 2024, virtual meeting, which included 22 Energy Ministers, extended their prior supply cuts. Previously, OPEC + reduced supply by 5.9 million barrels per day (mb/d), including 3.7 mb/d through the end of 2024 and an additional 2.2 mb/d of voluntary cuts by selected its members through the end of June 2024. In the latest agreement, the 3.7 mb/d supply cuts will now end at the end of 2025, and the voluntary 2.2 mb/d supply cuts will now end at the end of 2024. This means that OPEC+ will continue to remove 5.7% of Global oil supply from the market!
By Anthony Chan2 years ago in Trader
A Journey Between Worlds
The scented flowers and the soft rustle of palm leaves filled the air as I found myself again in a dream that felt more real than life itself! The tropical paradise around me seemed to hum with life; the golden sand beneath my feet felt warm and inviting. Then, as I turned, I saw my dear Mom's face glowing with excitement, her eyes twinkling with the same love and enthusiasm I had always remembered.
By Anthony Chan2 years ago in Fiction
My Unforgettable Visit to Doha, Qatar
My visit to Doha, Qatar, was filled with new experiences, cultural immersion, and cherished family moments. My daughter and son-in-law had moved there after he secured a position as a government lawyer. My daughter, also a lawyer, found work in the private sector. Their relocation offered me the perfect excuse to embark on an exciting and exploratory adventure to the Middle East.
By Anthony Chan2 years ago in Wander
Taking a Closer Look at the Inventory Crisis in Residential Housing
U.S. existing home sales, which comprise 85.8% of the national market, were selling at a robust 4.19 million annualized rate in March 2024. If current trends persist, over 4 million buyers and sellers will purchase a previously owned home in 2024!
By Anthony Chan2 years ago in FYI
