Robert Brusca
Robert Brusca
If you look at the Fed's own numbers,
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.
borrowing fed mistake
The Fed has never said this borrowing is a mistake and that this is a problem.
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.
economy economy-and-economics federal reserve soft spot talked
The Federal Reserve has talked about the economy being in a soft spot -- well, it's really in a soft spot.
consumer overall spending temper
The consumer still has life. It does temper the overall gain, but we're still going to see the consumer spending this quarter.
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It's not good. It's a huge step back for the Fed. It's not the direction where the Fed wants to go. It's unsettling.
basic consumer level negative pop pressured savings spending
The consumer can pop for a spree now and then, but spending at its basic level is pressured by a negative savings rate.
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.
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This is a little bit like getting a bigger-than-expected package in a much prettier wrapping and huge bow, but you open it up and it's exactly what you thought you were going to get.
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.