Robert Brusca
Robert Brusca
decline demand prices slack unless
Prices don't decline like this unless you've got a lot of slack demand conditions.
bigger deficit forecast foreign growth lower oil prices reasons relatively seems trade weak
The trade deficit seems to only get bigger and never recede. The reasons are clear, oil prices are up, foreign growth is still relatively weak and US growth is strong. There is no reason to forecast a lower deficit.
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.
chasing few inflation money oil prices
Oil prices going up is not inflationary. Inflation is too much money chasing too few goods.
aware energy people prices
People are aware of what energy prices are doing to their pocketbooks, and their company,
decline demand economy economy-and-economics prices shows slack unless weak
These are big declines. It shows you how weak the economy is. Prices don't decline like this unless you've got slack demand conditions.
across areas broad concerned core declines fed growth inflation percent prices reason spectrum
Inflation decelerated across a broad spectrum of core CPI areas -- about 40 percent of prices in the core showed declines in their year-over-year growth rate. That's a big proportion. The Fed is concerned and has a reason to be concerned.
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,