Robert Brusca
Robert Brusca
affected brought easing economy risks trade unexpected
That mucked up trade flows, affected our economy and brought an unexpected easing by the Fed. I wouldn't downplay the risks out of China.
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a little bit of inflation could be a really good thing, but not too much of it.
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A point-three increase is a big increase. ( But ) to the extent the increase was due to tobacco prices, the market may be willing to forgive it, dismiss it, to put it aside.
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They are desperately concerned about maintaining inflation fighting credibility. So the Fed is not focused on inflation, it's focused on inflation in the future.
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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.
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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.
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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.
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The president has an atrocious record when it come to job growth.
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I look at this as the closing of a window of opportunity to raise rates. If they're more aggressive, they're more likely to have an immediate effect on people's psychology. If they're too aggressive, they can undo that. If they're not aggressive enough, they can't undo that.
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.
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Clearly, this is more strength in the retail sector than the Fed would like to see.
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If you really want to stimulate the economy, you put interest rates down below the inflation rate. The lower the inflation rate goes, the harder it is to get the federal funds rate down below that.
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Housing may get another mini boost from the recent drop in rates. These data do lag a bit. Still, it is clear that, low rates or not, housing is not on fire the way it once was. The level of activity remains quite high for housing. But the prospects for further growth do not look that strong based on momentum.
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How could we have such a turnaround in job growth and have the Fed find that it doesn't change its assessment of risks in the economy whatsoever?