Robert Brusca
Robert Brusca
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,
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.
barely begun dry federal ink intent measured move says statement theme
The Federal Reserve, with the ink barely dry on its statement of intent to move in a measured pace, has begun a new theme that says 'measured' may be too slow.
bad companies disturbing glorified indication move order orders overall percentage points running shows tend
We tend to look at this and the Philadelphia index as an indication of what is going on in the overall economy. Most disturbing is that order backlogs are running over 50 percent, which is the glorified neutral. It's at 6 percentage points below, that's bad -- it shows companies are cannibalizing orders to move ahead.
fed move opposite rates
There are rates that may not move at all and there are rates that may move opposite to what the Fed has done.
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.
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.
markets radar reason recession stock talk
There is a reason for stock markets to be worried. But I don't think we need to talk about recession yet -- it's not on the radar screen.
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.
average breathe critical earnings easily fed federal job nice rate reserve
We've still got a lot of job growth, but it's not pressuring the unemployment rate, ... That's a critical thing for the Fed -- between the unemployment rate and the nice average hourly earnings rate figure, which was up only a penny, I think the Federal Reserve will breathe pretty easily with this report.
economy problems strong
I still have my problems with the economy and how strong it's doing,
affected economy economy-and-economics gives magnitude
It doesn't tell you anything about the economy at this point. It just gives you some idea of the magnitude of the displacement in the affected area.