Inflation is very contained. It's not going anywhere. The Fed is little too worried about the wrong thing. I'm more worried about growth.
More Quotes from Robert Brusca:
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 isRobert Brusca
This is a little bit like getting a bigger-than-expected package in a much prettier wrapping and huge bow, but you open it up and it's exactly what you thought you were going to get.
Robert Brusca
People are aware of what energy prices are doing to their pocketbooks, and their company,
Robert Brusca
The American consumer is like that bad guy in a zombie movie shoot him stab him. He keeps coming forward. But in the case of the consumer, it's more like depress his wage, make him unemployed, ruin his confidence make no job growth, lower his savings rate -- none of it matters, he or she just keeps on racking up those charges.
Robert Brusca
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
What's going on here is we've got a lot of growth. We've seen very, very strong consumption.
Robert Brusca
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