Robert Brusca
Robert Brusca
economy problems strong
I still have my problems with the economy and how strong it's doing,
blow employment factor gain lose warm weather
When you get abnormally warm weather, the seasonal factor will blow this up into a big gain. Once we lose this weather effect, we'll see how much of an employment gain we get.
jobs knew loaded
We knew jobs were front-end loaded because of the weather. Even so, this is dramatic.
again black concern friday great holiday miserable sales shopping ticked week
To me, the concern right now is that holiday shopping has been spotty . We had a great Black Friday , the week after that was miserable and then sales ticked up again after that,
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.
keeps raising
The conundrum is the Fed, and why the it keeps raising rates.
categories eating economy fact food gap growth impact last month product reduced sales stores time together
The fact that food sales outperformed other product categories last month is part of what's going on with the economy and its impact on consumers, ... Also, there was a time when Wal-Mart was eating everyone's lunch. Other stores have been getting their act together and they've reduced the growth gap between them and Wal-Mart.
fed honest president trying
What we see is a Fed president trying to be honest with us.
coming fallen financial markets
The problem, ... is that the markets have fallen sharply and they've fallen because all these financial shenanigans are coming unraveled.
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.
people
This refunding went really poorly. People still have nagging concerns,
challenger continue impressed labor market rebound report sudden waters weakness
This really muddies the waters on jobs, ... I continue to see a lot of labor market distress, and I am more impressed by the sudden weakness in the Challenger report than by the rebound in the cantankerous ISM.
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,
disastrous economist
You don't need an economist to tell you how disastrous they look.