Robert Brusca
Robert Brusca
economy-and-economics happening mixed results
We're getting sort-of mixed results with what is happening in the economy.
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.
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.
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.
caught cause
LTCM didn't cause this; LTCM got caught up in this,
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.
cuts job seeing stay
We're still seeing job cuts in manufacturing, and it's going to stay that way for some time.
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.
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.