72 Total Quotes

Robert Brusca Quotes

With all this uncertainty, should we really trust (the Fed) to be preemptive, to cut off inflation at the pass when they clearly don't know where the pass is?
Robert Brusca
#Inflation

Where was wealth effect during that time? ... The consumer didn't die. People lost all kinds of money in the stock market, and it didn't seem to affect them.
Robert Brusca
#Money

Wal-Mart still has good prices for 11 months of the year. Consumers won't damn them for one slippage in November, ... But Wal-Mart has some fierce and desperate competitors forming alliances.
Robert Brusca
#Consumers

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.
Robert Brusca
#Economy

As far as its international strategy, in Japan and Germany Wal-Mart is still trying to find the right way to apply its discount models.
Robert Brusca
#Germany

Oil prices going up is not inflationary. Inflation is too much money chasing too few goods.
Robert Brusca
#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.
Robert Brusca
#Credibility

During this recent period there may be some extra spending on the part of those recovering from hurricane disasters. But it is also true that comprehensive consumer spending has been outstripping income growth over this period,
Robert Brusca
#Disaster

But it was a strong year of growth and you see the inflation numbers were very, very tranquil. If anything, bonds are going to focus on inflation so we should be seeing a good bond market reaction to this.
Robert Brusca
#Growth

Although we've had some slowdowns in this economy, the unemployment rate is very low, the economy is up, [and] consumer sentiment is up, ... the economy's doing much better than it was four years ago.
Robert Brusca
#Economy

The stock market is earnings-oriented. But if you're looking at earnings, you're not seeing anything improving.
Robert Brusca
#Earnings

Not only does history show that was poor judgment, it was also partisan politics.
Robert Brusca
#History

I still have my problems with the economy and how strong it's doing,
Robert Brusca
#Economy

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.
Robert Brusca
#Growth

It's a surprise. Certainly the Fed is worried about inflation, but it has been subdued in recent months, so I wouldn't be too concerned about that.
Robert Brusca
#Inflation

Trends show a sharp surge on auto spending in July but little strength elsewhere, ... Most disturbing is the ongoing sluggishness for services. Demand there is hovering around (annual) gains of 2 percent. That won't create many jobs.
Robert Brusca
#Strength

Inflation decelerated across a broad spectrum of core CPI areas -- about 40 percent of prices in the core showed declines in their year-over-year growth rate. That's a big proportion, ... The Fed is concerned and has a reason to be concerned.
Robert Brusca
#Inflation

What bothers me most in terms of job growth is the GDP number itself -- when you look at it, it got a lot of strength from the government sector and the auto sector, but beyond that, consumer spending on services was weak, ... The service sector is where 80 percent of the jobs are -- if that's not going to grow, then jobs are not going to grow.
Robert Brusca
#Growth

The claims numbers always do strange things at the end of the year, ... There was some improvement at the turn of the year, but the story is that claims are gravitating back to the 400,000, where they were for quite while.
Robert Brusca
#Improvement

This market is wiling to brush away bad news because it doesn't believe in it, ... Compare it to the Three Little Pigs, when there's a warning they say 'we've heard this before.' But one of these days, there is going to be a warning that the market should have listened to.
Robert Brusca
#News

a little bit of inflation could be a really good thing, but not too much of it.
Robert Brusca
#Inflation

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.
Robert Brusca
#Reason

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.
Robert Brusca
#Risk

We can't pump out jobs at the rate of 300,000 a month. Numbers as high as even 200,000 a month, they're even too much.
Robert Brusca
#Jobs

We have a lot of things suggesting that maybe things have improved, ... I don't see any reason to go against the numbers.
Robert Brusca
#Reason

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.
Robert Brusca
#Improvement

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.
Robert Brusca
#Growth

This is a Fed that should be headquartered in Egypt, because it's in denial.
Robert Brusca
#Denial

The president has an atrocious record when it come to job growth.
Robert Brusca
#Growth

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.
Robert Brusca
#People