The consumer still has life. It does temper the overall gain, but we're still going to see the consumer spending this quarter.
More Quotes from Robert Brusca:
I have no plans to do anything with it probably put it in the bank. I'm not going to change my spending habits.Robert Brusca
This is what the market did in 1974, ahead of a slowdown in 1975, and the Fed continued to hike rates in the face of marginal data turning worse, ... I don't see where the Fed sees 'traction'.
Robert Brusca
There's that group of small business owners, where a lot of the jobs are, for whom hiking taxes will hurt their business. They already face higher heating costs, insurance costs -- at some point, they may decide there are too many costs to run a business and decide it's not worth it any more.
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
There are rates that may not move at all and there are rates that may move opposite to what the Fed has done.
Robert Brusca
Two of the three recent months are above the midpoint line that divides the average layoff performance in recessions from normal layoff periods. This suggests the job market is getting to be more like it is in bad times than in good times,
Robert Brusca
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