It's a surprise -- we thought the unemployment rate would be edging up.
More Quotes from 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
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
There are other real issues we need to look into before we begin posing solutions to problems that don't exist.
Robert Brusca
I would expect the bond is going to do a lot better after this report. You look at this headline (and) it worries you, but then you look at the details in this report and you see what is going on. I think the more people look at this report today, the more they are going to like it, the less they are going to fear it, and the better the bond market is going to do.
Robert Brusca
This is very, very much in line with the idea we're slipping into a recession.
Robert Brusca
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
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Based on Topics: Unemployment QuotesBased on Keywords: edging
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I find rebellion packaged by a major corporation a little hard to take seriously.
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The ABC of our profession is to avoid these large abstract terms in order to try to discover behind them the only concrete realities, which are human beings.
Marc Bloch