Robert Brusca
Robert Brusca
high jobs numbers pump rate
We can't pump out jobs at the rate of 300,000 a month. Numbers as high as even 200,000 a month, they're even too much.
bad basis coming housing market numbers strong
We are coming off strong numbers, and I don't think we would want to say bad things about the housing market on the basis of these numbers alone.
afraid brakes fed foot investors people perhaps regular start tapping
Most people were afraid that we'd start to see some inflation, but I don't think there's much here. The Fed still has its foot on brakes and will keep tapping them at regular intervals, but perhaps not as much as investors had been expecting.
boost consumers later positive sales shopping survey until year
On the positive side, one survey suggests that more consumers this year are delaying their shopping until later in the season. If that's true, sales will get another boost in December.
cleaned economic event focus four next plenty time week
On the economic plate, next week's really pretty light. The big event is the big event, four letters: F-O-M-C. After the week we just had, we about cleaned up everything; we now have plenty of time to focus on the Fed.
I wouldn't want to tell any big story off these numbers.
bond details expect fear headline less market people report worries
I would expect the bond is going to do a lot better after this report. You look at this headline (and) it worries you, but then you look at the details in this report and you see what is going on. I think the more people look at this report today, the more they are going to like it, the less they are going to fear it, and the better the bond market is going to do.
bonds focus good growth inflation market numbers reaction seeing strong year
But it was a strong year of growth and you see the inflation numbers were very, very tranquil. If anything, bonds are going to focus on inflation so we should be seeing a good bond market reaction to this.
change fed growth jobs last less month next number six weak zero
But even if you have a weak number next month, even if you get zero growth, you'd be averaging about 150,000 new jobs a month (for the last six months.) So the Fed would need to see something less than zero to change its mind.
cautionary glad guard markets maybe monetary
Maybe the markets are glad to know they've got a cautionary guard at the monetary door,
convinced doubt good holidays home numbers
No doubt the numbers look pretty good up and down the line. However, I'm not convinced yet that the holidays are home free.
caught cause
LTCM didn't cause this; LTCM got caught up in this,
appear few home levels near next rates rebound sales seen
Levels of home sales are still solid. And with rates falling, some (continued) rebound may be seen in the next few months. But we appear to be near to a peak.
august compared evidence good higher improving last late layoffs october report september suggest year
Layoffs always are higher late in the year. All (the layoff report numbers) suggest that we are still improving compared to last year and there is little real evidence of slippage this month. The slippage was from August to September, but September to October is good number.