Robert Brusca
Robert Brusca
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.
bigger deficit seems trade
The trade deficit seems to only get bigger and never recede.
bit economy economy-and-economics risks seems signs softness tone
The tone seems a bit hawkish -- he admits to little in the way of signs of softness in the economy or risks to growth.
energy inflation rising seems storm weathered
Inflation seems to have weathered the storm of rising energy prices.
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.
decline demand prices slack unless
Prices don't decline like this unless you've got a lot of slack demand conditions.
good growth job month private report sector thanks trends
Private sector job growth is still challenged. The report is not very good for the month alone, but the trends have actually improved, thanks to the revisions.
brother economic hiring job looking people sister
People don't look at economic data. But they know their own firm, they know if it's solid, they know if it's hiring and if people are getting raises. Even if they're not looking for a job, they know what's going on with their brother or sister or friend's job search. That's what makes these surveys powerful.