Robert Brusca
Robert Brusca
begin creates creep demand employees evidence fed gains generally inflation quite realize scenario starting wage worker
Worker productivity generally creates a scenario where employees realize they can begin to demand more for what they do. While the year-over-year productivity gains are still quite good, there is some evidence that wage inflation may be starting to creep in. The Fed won't like this.
economy economy-and-economics federal reserve soft spot talked
The Federal Reserve has talked about the economy being in a soft spot -- well, it's really in a soft spot.
economy-and-economics situation
This is a big leakage for our economy. We're at a very complicated situation with our 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.
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.
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.
economy-and-economics situation
This is a big leakage for our economy, ... We're at a very complicated situation with our economy.
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.
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.
convinced doubt good holidays home numbers
No doubt the numbers look pretty good up and down the line. However, I'm not convinced yet that the holidays are home free.
cautionary glad guard markets maybe monetary
Maybe the markets are glad to know they've got a cautionary guard at the monetary door,
concerned fed fighting focused inflation
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.
bonds correct fed market takes
The sell-off in bonds is for real and is the correct reaction. The Fed will need confirmation to act. The bond market won't. It takes no prisoners.
borrowing fed mistake
The Fed has never said this borrowing is a mistake and that this is a problem.