Robert Brusca
Robert Brusca
jonathan russians
It's like an old Jonathan Winters movie - 'The Russians aren't coming! The Russians aren't coming.' And they'll probably never be here.
consumers fine future worried
Consumers are conflicted. They feel fine for now, but they are worried about the future.
consumer control prices
consumer prices are really going to be under control, as well.
compensate energy eventually fact itself month period prices work works
Eventually you have other prices going down to compensate for the fact that energy went up. But that doesn't work itself out in a month or two; it works out over a period of time.
looking
It was more than what I was looking for.
bullet candidate discord guys magic matter neither realize
No matter which candidate you support, you have to realize there will be a lot of discord in this country, ... And no matter how much you like your candidate, you realize neither one of these guys has a magic bullet for the economy.
direction fed huge step wants
It's not good. It's a huge step back for the Fed. It's not the direction where the Fed wants to go. It's unsettling.
absolutely call drive drop everybody fed federal impact knows move reserve time version water
Everybody knows what the Fed is doing, but no one knows which move is going to impact the market. I call it a version of Federal Reserve water torture: a drop at a time and after a while it will drive you absolutely batty.
fresh market view
It makes sense to take a fresh view of things, and then the market readjusts,
building empire fall floor hard hit hurt instead jump question saying state
It's like saying we're not going to hit as hard if you fall from the 50th floor of the Empire State Building instead of the 100th floor of the Empire State Building. The question is, what floor are you going to jump from and is it really going to hurt you?
certainly concerned fed recent subdued worried
It's a surprise. Certainly the Fed is worried about inflation, but it has been subdued in recent months, so I wouldn't be too concerned about that.
rate surprise
It's a surprise -- we thought the unemployment rate would be edging up.
afraid bullet difficult economy federal growing hard inflation kinds means numbers raise rates reserve sort
It means we sort of dodged another bullet on the inflation front. These kinds of numbers put the Federal Reserve in a difficult box. We don't have inflation, the economy is growing too fast, they are afraid it won't keep up, but it's hard for them to raise rates without any inflation on the doorstep.
aggressive banks curtail economic extent feeds less risk taking
The extent to which it feeds back to you and me is that banks become less aggressive about taking risk ... and this could curtail economic activity.