Robert Brusca
Robert Brusca
december looks november revision weak
December looks weak but the November revision will stave off too much speculation of weakness.
build companies economy giving inflate pumping retailers sales willing
This is an economy that is giving contradictory signals. You don't have companies willing to build inventories, which show that they don't have a lot of confidence. Retailers are pumping sales by discounts, but you can't inflate confidence.
fed
This is a Fed that should be headquartered in Egypt, because it's in denial.
economy-and-economics situation
This is a big leakage for our economy. We're at a very complicated situation with our economy.
economy-and-economics situation
This is a big leakage for our economy, ... We're at a very complicated situation with our economy.
fed limits slower suggest
I think we're going to have a slower recovery, ... There are other things that suggest there are limits to what the Fed can do.
challenge control danger history lessons party
I think that one of the lessons in history is that if any party has too much control, the danger is that they will go overboard. The challenge for this administration is going to be to keep control of things.
aware energy people prices
People are aware of what energy prices are doing to their pocketbooks, and their company,
begun behind economy economy-and-economics growth job pushed signs slow strong surface
I think some of the job growth has been pushed forward. Behind the surface of these very strong reports, there are signs the economy has begun to slow down.
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.
bear building economy fruit head improvement job less market pointing report signals simply
Some of the signals pointing to job market improvement simply did not bear fruit this month. The report makes the economy look even less like it is building a head of steam.
june months previous view
My view is the previous months were the aberrant month, and June makes more sense.
fed retail sector strength
Clearly, this is more strength in the retail sector than the Fed would like to see.
batch consistent consumer early numbers reports says seen severe signal soft softness spending strength
It's really a soft batch of numbers today. Nothing says 'recession' or severe slowdown but there is a consistent signal of softness that permeates these reports and belies some of the strength in consumer spending that we have seen early in the year.