No doubt the numbers look pretty good up and down the line. However, I'm not convinced yet that the holidays are home free.
More Quotes from Robert Brusca:
When you get abnormally warm weather, the seasonal factor will blow this up into a big gain. Once we lose this weather effect, we'll see how much of an employment gain we get.Robert Brusca
This is very, very much in line with the idea we're slipping into a recession.
Robert Brusca
Credibility is a key here. The Fed can't go out hammering away at some of these issues and then say, 'Oh, never mind,' when one of the key dates comes. So I think that's something else that sort of forces the Fed to put its cards on the table.
Robert Brusca
A point-three increase is a big increase. ( But ) to the extent the increase was due to tobacco prices, the market may be willing to forgive it, dismiss it, to put it aside.
Robert Brusca
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
Housing may get another mini boost from the recent drop in rates. These data do lag a bit. Still, it is clear that, low rates or not, housing is not on fire the way it once was. The level of activity remains quite high for housing. But the prospects for further growth do not look that strong based on momentum.
Robert Brusca
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