Robert Brusca
Robert Brusca
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.
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.
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 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.
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.
claims improvement numbers quite strange turn
The claims numbers always do strange things at the end of the year. There was some improvement at the turn of the year, but the story is that claims are gravitating back to the 400,000, where they were for quite while.
growth seen strong
What's going on here is we've got a lot of growth. We've seen very, very strong consumption.
looking market seeing stock
The stock market is earnings-oriented. But if you're looking at earnings, you're not seeing anything improving.
bonds correct fed market takes
The sell-off in bonds is for real and is the correct reaction. The Fed will need confirmation to act. The bond market won't. It takes no prisoners.
bigger looking soft softer spot
The soft spot is looking to be bigger and softer all the time.
far fed housing mean woods
The rise, however, does not mean that housing is out of the woods -- far from it. The Fed is still hiking.
consumer disaster extra growth hurricane income period recent recovering spending true
During this recent period there may be some extra spending on the part of those recovering from hurricane disasters. But it is also true that comprehensive consumer spending has been outstripping income growth over this period,
chairman fed fire trial
Each Fed Chairman has to go through his own, on-the-job, trial by fire. There is no other way.