Robert Brusca
Robert Brusca
bear building economy fruit head improvement job less market pointing report signals simply
Some of the signals pointing to job market improvement simply did not bear fruit this month. The report makes the economy look even less like it is building a head of steam.
challenger continue impressed labor market rebound report sudden waters weakness
This really muddies the waters on jobs, ... I continue to see a lot of labor market distress, and I am more impressed by the sudden weakness in the Challenger report than by the rebound in the cantankerous ISM.
august compared evidence good higher improving last late layoffs october report september suggest year
Layoffs always are higher late in the year. All (the layoff report numbers) suggest that we are still improving compared to last year and there is little real evidence of slippage this month. The slippage was from August to September, but September to October is good number.
august compared evidence good higher improving last late layoffs october report september suggest year
Layoffs always are higher late in the year, ... All (the layoff report numbers) suggest that we are still improving compared to last year and there is little real evidence of slippage this month. The slippage was from August to September, but September to October is good number.
bond details expect fear headline less market people report worries
I would expect the bond is going to do a lot better after this report. You look at this headline (and) it worries you, but then you look at the details in this report and you see what is going on. I think the more people look at this report today, the more they are going to like it, the less they are going to fear it, and the better the bond market is going to do.
good growth job month private report sector thanks trends
Private sector job growth is still challenged. The report is not very good for the month alone, but the trends have actually improved, thanks to the revisions.
given poor report
The report is still a poor one given what has come before, but not terrible,
breadth impressive inflation pressures report signals
The breadth of inflation is contained. Inflation pressures are not spreading. This (CPI) report has much more impressive signals than the PPI.
breadth impressive inflation pressures report signals
The breadth of inflation is contained, ... Inflation pressures are not spreading. This (CPI) report has much more impressive signals than the PPI.
across below count covers energy number overall pressure price products report shot warning
You count up the products (showing price increases) and you see there's a little more pressure just below the surface, ... The overall energy number showed a big decline. That covers up a lot of ills. But the PPI was the warning shot across the bow. With the CPI report we dodged the bullet.
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.
fed limits slower suggest
I think we're going to have a slower recovery, ... There are other things that suggest there are limits to what the Fed can do.
challenge control danger history lessons party
I think that one of the lessons in history is that if any party has too much control, the danger is that they will go overboard. The challenge for this administration is going to be to keep control of things.
aware energy people prices
People are aware of what energy prices are doing to their pocketbooks, and their company,