Robert Brusca
Robert Brusca
chasing few inflation money oil prices
Oil prices going up is not inflationary. Inflation is too much money chasing too few goods.
imports oil rose
Oil is an important culprit. But it is much more than that. Non-oil imports rose by 0.6 percent.
core excited fed gotten hardly inflation low oil past raising rates year
I don't think there's anything the Fed can make better by raising rates faster, ... They've gotten rates up a lot in the past year already. Inflation had accelerated because of oil but core inflation is still low and hardly anything to get excited about.
bit good inflation
a little bit of inflation could be a really good thing, but not too much of it.
basic consumer level negative pop pressured savings spending
The consumer can pop for a spree now and then, but spending at its basic level is pressured by a negative savings rate.
looking
It was more than what I was looking for.
claims improvement numbers quite strange turn
The claims numbers always do strange things at the end of the year. There was some improvement at the turn of the year, but the story is that claims are gravitating back to the 400,000, where they were for quite while.
decline demand economy economy-and-economics prices shows slack unless weak
These are big declines. It shows you how weak the economy is. Prices don't decline like this unless you've got slack demand conditions.
bit exactly huge open package prettier wrapping
This is a little bit like getting a bigger-than-expected package in a much prettier wrapping and huge bow, but you open it up and it's exactly what you thought you were going to get.
across below count covers energy number overall pressure price products report shot warning
You count up the products (showing price increases) and you see there's a little more pressure just below the surface, ... The overall energy number showed a big decline. That covers up a lot of ills. But the PPI was the warning shot across the bow. With the CPI report we dodged the bullet.
cheap china compete labor laws repeal states united wages
You can't repeal the laws of economics. Wages in China are so cheap, that you'll never make labor cheap enough in the United States to compete with that.