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 (302)
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New York Heatwave
Anton always knew New York was a place full of energy and fun. However, the urban area was a hot furnace as a relentless heat wave settled over the apartment and the adjacent areas. The sun blazed over everyone and the concrete and asphalt streets. People retreated and sought shelter from the unbearable heat. For Anton, he understood that he could no longer take walks each day, that brought Anton much joy and solace.
By Anthony Chan2 years ago in Fiction
What is My True Multiracial Identity?
As one of the 33.8 million multiracial individuals living in the United States, this was an intellectually challenging week for the 1 in 10 Americans who are multi-racial. Yes, I am proud to be multi-racial, even though I did not always feel this way growing up.
By Anthony Chan2 years ago in Humans
Aloha Destination Wedding
Michael and Jessica had always dreamt of an extraordinary wedding, and their shared love for adventure led them to plan an unforgettable destination wedding on a cruise ship. The journey would take them from New York City to the tropical paradise of Hawaii, with over 100 of their closest friends and family aboard to celebrate this special occasion. Billed as the "Aloha Trip," the event promised ten days of joy, laughter, and memorable moments.
By Anthony Chan2 years ago in Fiction
Are Bitcoins a Good Inflation Hedge or a Risk-Enhanced Investment?
The relationship between the economic fundamentals, such as the state of the economy and inflation versus bitcoin prices, continues to evolve. Although Bitcoin was introduced to the public in 2009, its price began reacting to changes in underlying economic fundamentals growth only after 2017. One reason for this phenomenon is the increased awareness of Bitcoin after the CME Group launched crypto futures contracts in late 2017! Such actions legitimized Bitcoin for many investors.
By Anthony Chan2 years ago in Trader
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
