Robert Brusca
Robert Brusca
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,
june months previous view
My view is the previous months were the aberrant month, and June makes more sense.
bullet candidate discord guys magic matter neither realize
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.
cleaned economic event focus four next plenty time week
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.
breadth impressive inflation pressures report signals
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.
gains inflation toe
This is the way inflation gains a toe hold,
chasing few inflation money oil prices
Oil prices going up is not inflationary. Inflation is too much money chasing too few goods.
greenspan line price says stability telling
This is in line with what Mr. Greenspan has been telling us, which is that we have price stability for goods. But he says he doesn't think we have price stability for services.
begun behind economy economy-and-economics growth job pushed signs slow strong surface
I think some of the job growth has been pushed forward. Behind the surface of these very strong reports, there are signs the economy has begun to slow down.
across fed horizons inflation left months rising six waiting wondering
Inflation is rising in more sectors than it is falling. It is doing so across horizons of one month, six months and 12 months. We are left in all this wondering what the Fed is up to and what it is waiting for.