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
Stories (201/0)
Surviving My Love Affair
As the first rays of sunlight enter my window each day, I often reach for that familiar embrace of warmth and comfort each day. My fingertips usually graze the smooth surface of a tall plastic cup filled to the brim with the elixir of life – a steaming concoction of blended ice, oat milk, and caffeine. With each sip, I felt the excitement of energy erupting within me, awakening my senses and sharpening my mind. It is part of my daily ritual, which I cherish, a daily ritual with two of life's most potent stimulants.
By Anthony Chan2 months ago in Longevity
Love and Self-Worth
Aristotle's life was a series of highs and lows, a rollercoaster of emotions that mirrored his fluctuating sense of self-worth. This is especially true during a person’s younger years when life experience is often in short supply. Not surprisingly, during his formative years, Aristotle grappled with loving himself, being indifferent, and sometimes not liking himself. Such rollercoaster emotions were often tied to his perceived successes and failures, which unfortunately fluctuated more than the weather from one day to the next!
By Anthony Chan3 months ago in Motivation
Path-Breaking Research Explains Low Consumer Gallup Poll Readings
If an Economist living on Mars came to the U.S. and learned that the U.S. economy expanded by 3.3% in Q4 2023 and was expected to grow by +3.4% in Q1 2024 (according to the widely respected Atlanta Fed nowcast GDP model) with an unemployment rate hovering around its lowest reading in 50 years, she would predict that consumers would be happy. Both real GDP growth rates exceeded the U.S. potential growth rate of +1.8%.
By Anthony Chan3 months ago in Trader
Misplaced Memories
The anticipation of seeing my grandkids' faces light up with joy as I embarked on my Disney World adventure was enough to keep me smiling through the entire flight. After all, it had been far too long since we last had the chance to spend quality time together. Bella and Nico, my two bundles of energy, had eagerly awaited my arrival, and I couldn't wait to shower them with love and laughter.
By Anthony Chan3 months ago in Fiction
The Federal Reserve’s Federal Open Market Committee (FOMC) Will Meet This Week and Ask: “Are We There Yet?”
The answer is that monetary policy is so restrictive that the Fed could justify lowering policy rates. The Fed’s preferred inflation metric, core PCE (which measures consumer prices excluding food and energy components), is now rising at a yearly pace of +2.9% (December 2023), down from a peak growth pace of +5.6% (February 2022). The significant difference between core PCE and core CPI (Consumer Price Index) is that the former weights the price components based on the changing preferences of consumers. Suppose the price of strawberries rises and individuals switch to consuming more blueberries. In that case, blueberries will be weighted more heavily (when constructing the price index) as the shift in demand occurs.
By Anthony Chan3 months ago in Trader
Why Has Consumer Confidence Suddenly Rebounded?
The relationship between consumer confidence and the economy's performance has been a subject of intense discussion within financial markets over the past year. Why has consumer confidence been so weak while the U.S. economy appears to have expanded by 2.5% in 2023, with an unemployment rate near 50-year lows? The only logical explanation is that consumers have been upset with high inflation readings that have prevented them from maintaining their standard of living.
By Anthony Chan3 months ago in Trader
Bella and Teddy's Unbreakable Bond
Once upon a time, a little girl named Bella lived in the exciting city of Doha, Qatar, with her constant companion, a stuffed Teddy Bear named Teddy. Teddy was no ordinary bear; he had been with Bella since she was a few months old, a precious gift from Auntie Mary! Mary had spent weeks looking for the perfect companion for Bella. Only after observing her unique personality and watching Bella's actions closely was she able to decide that Teddy was the perfect suitor.
By Anthony Chan3 months ago in Fiction
A Review of My 2024 Goals, Aspirations, and Strategy
As the calendar flips to a new year, it's natural for Vocal creators to reflect on the past and turn their attention toward new and exciting horizons. The past year on Vocal has been a journey for me of creative discovery, growth, and topped by a small accolade. As in life, my experiences with Vocal over the past year will significantly shape my goals for the coming year!
By Anthony Chan3 months ago in Motivation