Robert Brusca
Robert Brusca
appear few home levels near next rates rebound sales seen
Levels of home sales are still solid. And with rates falling, some (continued) rebound may be seen in the next few months. But we appear to be near to a peak.
decline demand prices slack unless
Prices don't decline like this unless you've got a lot of slack demand conditions.
build companies economy giving inflate pumping retailers sales willing
This is an economy that is giving contradictory signals. You don't have companies willing to build inventories, which show that they don't have a lot of confidence. Retailers are pumping sales by discounts, but you can't inflate confidence.
broken fast fuzzy growth job remain strong thinking
Back before the recession, we had strong job growth and no inflation. There's fuzzy thinking going on here -- I thought we'd broken the old idea that strong growth is bad. As long as productivity growth can remain high, fast job growth is not a problem.
brother economic hiring job looking people sister
People don't look at economic data. But they know their own firm, they know if it's solid, they know if it's hiring and if people are getting raises. Even if they're not looking for a job, they know what's going on with their brother or sister or friend's job search. That's what makes these surveys powerful.
change plans spending
I have no plans to do anything with it ? probably put it in the bank. I'm not going to change my spending habits.
bit good inflation
a little bit of inflation could be a really good thing, but not too much of it.
ahead continued data face fed hike marginal market rates sees turning
This is what the market did in 1974, ahead of a slowdown in 1975, and the Fed continued to hike rates in the face of marginal data turning worse, ... I don't see where the Fed sees 'traction'.
alter questions raise result
December's result will raise some questions but not enough to alter policy.
chairman fed fire trial
Each Fed Chairman has to go through his own, on-the-job, trial by fire. There is no other way.
certainly concerned fed recent subdued worried
It's a surprise. Certainly the Fed is worried about inflation, but it has been subdued in recent months, so I wouldn't be too concerned about that.
affected economy economy-and-economics gives magnitude
It doesn't tell you anything about the economy at this point. It just gives you some idea of the magnitude of the displacement in the affected area.
absolutely call drive drop everybody fed federal impact knows move reserve time version water
Everybody knows what the Fed is doing, but no one knows which move is going to impact the market. I call it a version of Federal Reserve water torture: a drop at a time and after a while it will drive you absolutely batty.
bigger looking soft softer spot
The soft spot is looking to be bigger and softer all the time.