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Letter "R" » Robert Brusca Quotes
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«While everybody is very happy with the performance of the economy under Greenspan, it's come at quite a price. We have a negative savings rate. The consumer has been out spending his and her income, partly supported by an increase in housing prices, where people had to pull a lot of the equity out of their home. Well they can't do that again.»
Author: Robert Brusca
«The rise, however, does not mean that housing is out of the woods -- far from it. The Fed is still hiking.»
Author: Robert Brusca
«The tone seems a bit hawkish -- he admits to little in the way of signs of softness in the economy or risks to growth.»
Author: Robert Brusca
«The trade deficit seems to only get bigger and never recede.»
Author: Robert Brusca
«The trade deficit seems to only get bigger and never recede. The reasons are clear, oil prices are up, foreign growth is still relatively weak and US growth is strong. There is no reason to forecast a lower deficit.»
Author: Robert Brusca
«It is no time to be dogmatic.»
Author: Robert Brusca
«[The figures] fell in the largest markets, and where they fell, the bottom dropped out. In the West, sales plunged by 29.4 percent, a figure so large it is hard to believe. In the South, sales fell by 6.4 percent. These are the two biggest markets.»
Author: Robert Brusca
«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.»
Author: Robert Brusca
«Consumers are conflicted. They feel fine for now, but they are worried about the future.»
Author: Robert Brusca
«This is an economy that is giving contradictory signals. You don't have companies willing to build inventories, which show that they don't have a lot of confidence. Retailers are pumping sales by discounts, but you can't inflate confidence.»
Author: Robert Brusca
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