Robert Brusca
Robert Brusca
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.
concerns continues evidence fears inflation
While concerns about inflation swirl, the evidence continues to give those fears little substance,
jobs knew loaded
We knew jobs were front-end loaded because of the weather. Even so, this is dramatic.
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.
disastrous economist
You don't need an economist to tell you how disastrous they look.
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,
categories clearly consumers divided good lots main money optimism results shown spending
We're getting some very good spending going into the first quarter. It's interesting that while there is spending optimism, consumers are still clearly divided into two main categories -- those with lots of money and those that are hurting. That's why these monthly results have shown so much irregularity.
cuts job seeing stay
We're still seeing job cuts in manufacturing, and it's going to stay that way for some time.
markets radar reason recession stock talk
There is a reason for stock markets to be worried. But I don't think we need to talk about recession yet -- it's not on the radar screen.
atrocious growth job president record
The president has an atrocious record when it come to job growth.
average breathe critical earnings easily fed federal job nice rate reserve
We've still got a lot of job growth, but it's not pressuring the unemployment rate, ... That's a critical thing for the Fed -- between the unemployment rate and the nice average hourly earnings rate figure, which was up only a penny, I think the Federal Reserve will breathe pretty easily with this report.
aggressive banks curtail economic extent feeds less risk taking
The extent to which it feeds back to you and me is that banks become less aggressive about taking risk ... and this could curtail economic activity.
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.
keeps raising
The conundrum is the Fed, and why the it keeps raising rates.