Robert Brusca
Robert Brusca
answer educated education people simply unemployed
There are so many low-paid people who are educated that education is simply not the answer. The answer is, you will be unemployed if this is not stopped.
begin creates creep demand employees evidence fed gains generally inflation quite realize scenario starting wage worker
Worker productivity generally creates a scenario where employees realize they can begin to demand more for what they do. While the year-over-year productivity gains are still quite good, there is some evidence that wage inflation may be starting to creep in. The Fed won't like this.
cuts job seeing stay
We're still seeing job cuts in manufacturing, and it's going to stay that way for some time.
economy-and-economics happening mixed results
We're getting sort-of mixed results with what is happening in the economy.
categories clearly consumers divided good lots main money optimism results shown spending
We're getting some very good spending going into the first quarter. It's interesting that while there is spending optimism, consumers are still clearly divided into two main categories -- those with lots of money and those that are hurting. That's why these monthly results have shown so much irregularity.
continue determine economy fast federal grow limit officials reserve saying speed
We continue to see Federal Reserve officials saying they want the economy to grow as fast as it can, but they're the ones who determine where that speed limit is.
consumer economy equity everybody happy housing increase negative partly people performance pull quite savings spending supported
While everybody is very happy with the performance of the economy under Greenspan, it's come at quite a price. We have a negative savings rate. The consumer has been out spending his and her income, partly supported by an increase in housing prices, where people had to pull a lot of the equity out of their home. Well they can't do that again.
bit consumer growth highly linking output spending
While consumer spending has sparked up a bit recently, linking it to better output growth is still highly speculative.
concerns continues evidence fears inflation
While concerns about inflation swirl, the evidence continues to give those fears little substance,
atrocious growth job president record
The president has an atrocious record when it come to job growth.
against maybe reason suggesting
We have a lot of things suggesting that maybe things have improved, ... I don't see any reason to go against the numbers.
affect consumer effect kinds lost money people seem stock wealth
Where was wealth effect during that time? ... The consumer didn't die. People lost all kinds of money in the stock market, and it didn't seem to affect them.
expected growth lower minor move small tap
We had expected a small braking, a minor tap on the pedal, from GDP growth but not a move down to a lower gear,
begin issues posing problems solutions
There are other real issues we need to look into before we begin posing solutions to problems that don't exist.