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.
More Quotes from Robert Brusca:
No matter which candidate you support, you have to realize there will be a lot of discord in this country, ... And no matter how much you like your candidate, you realize neither one of these guys has a magic bullet for the economy.Robert Brusca
Everybody knows what the Fed is doing, but no one knows which move is going to impact the market. I call it a version of Federal Reserve water torture a drop at a time and after a while it will drive you absolutely batty.
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
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
It's really a soft batch of numbers today. Nothing says 'recession' or severe slowdown but there is a consistent signal of softness that permeates these reports and belies some of the strength in consumer spending that we have seen early in the year.
Robert Brusca
The Fed has never said this borrowing is a mistake and that this is a problem.
Robert Brusca
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Based on Topics: Money & Wealth Quotes, Optimism QuotesBased on Keywords: irregularity
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