It's not that I think inflation will be dead forever, but there are very powerful global forces keeping it low. The bond-market vigilantes are clearly trying to string up the innocent.
More Quotes from Robert Brusca:
To me, the concern right now is that holiday shopping has been spotty . We had a great Black Friday , the week after that was miserable and then sales ticked up again after that,Robert Brusca
We now are on formal rate hike watch. Hope the Fed has this one right because this admission will hike bond rates.
Robert Brusca
You can't repeal the laws of economics. Wages in China are so cheap, that you'll never make labor cheap enough in the United States to compete with that.
Robert Brusca
December's result will raise some questions but not enough to alter policy.
Robert Brusca
I don't think there's anything the Fed can make better by raising rates faster, ... They've gotten rates up a lot in the past year already. Inflation had accelerated because of oil but core inflation is still low and hardly anything to get excited about.
Robert Brusca
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