Robert Brusca
Robert Brusca
line
This is very, very much in line with the idea we're slipping into a recession.
inflation
Inflation is very contained; it's not going anywhere.
consumer factors growth income line overall picks special spending tells trend unless
So while some special factors may be boosting spending, the overall trend of spending is well out of line with income growth. This tells us that this spending trend is unsustainable unless consumer income growth picks up sharply.
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The tale of the zombie consumer continues, ... There is no stopping him or her: Can't shoot 'em, stab 'em, or keep 'em away from the stores with garlic -- especially with post-season sales in progress.
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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,
june months previous view
My view is the previous months were the aberrant month, and June makes more sense.
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No matter which candidate you support, you have to realize there will be a lot of discord in this country, ... And no matter how much you like your candidate, you realize neither one of these guys has a magic bullet for the economy.
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On the economic plate, next week's really pretty light. The big event is the big event, four letters: F-O-M-C. After the week we just had, we about cleaned up everything; we now have plenty of time to focus on the Fed.
consumers fine future worried
Consumers are conflicted. They feel fine for now, but they are worried about the future.
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The breadth of inflation is contained, ... Inflation pressures are not spreading. This (CPI) report has much more impressive signals than the PPI.
fresh market view
It makes sense to take a fresh view of things, and then the market readjusts,
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.
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.
cause faster hiring
Those two things could come into collision, and cause you to get faster hiring in the first part of the year, then have it catches up with you later,