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-and-economics happening mixed results
We're getting sort-of mixed results with what is happening in the economy.
borrowing fed mistake
The Fed has never said this borrowing is a mistake and that this is a problem.
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.
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It's not good. It's a huge step back for the Fed. It's not the direction where the Fed wants to go. It's unsettling.
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.
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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.
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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.
batch consistent consumer early numbers reports says seen severe signal soft softness spending strength
It's really a soft batch of numbers today. Nothing says 'recession' or severe slowdown but there is a consistent signal of softness that permeates these reports and belies some of the strength in consumer spending that we have seen early in the year.
compensate energy eventually fact itself month period prices work works
Eventually you have other prices going down to compensate for the fact that energy went up. But that doesn't work itself out in a month or two; it works out over a period of time.
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People are aware of what energy prices are doing to their pocketbooks, and their company,
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I still have my problems with the economy and how strong it's doing,
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This is a big leakage for our economy. We're at a very complicated situation with our economy.