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.
More Quotes from Robert Brusca:
Oil is an important culprit. But it is much more than that. Non-oil imports rose by 0.6 percent.Robert Brusca
December's result will raise some questions but not enough to alter policy.
Robert Brusca
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.
Robert Brusca
I look at this as the closing of a window of opportunity to raise rates. If they're more aggressive, they're more likely to have an immediate effect on people's psychology. If they're too aggressive, they can undo that. If they're not aggressive enough, they can't undo that.
Robert Brusca
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.
Robert Brusca
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Based on Topics: Fire QuotesWe must laugh before we are happy, for fear we die before we laugh at all.
Jean de La Fontaine
He read his mind. He's a strange sort of man, isn't he? It's not just the advice and the wisdom that he has.
Omar Sharif
This is a world of action, and not for moping and droning in.
Charles Dickens