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.
More Quotes from Robert Brusca:
You count up the products (showing price increases) and you see there's a little more pressure just below the surface, ... The overall energy number showed a big decline. That covers up a lot of ills. But the PPI was the warning shot across the bow. With the CPI report we dodged the bullet.Robert Brusca
People are aware of what energy prices are doing to their pocketbooks, and their company,
Robert Brusca
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.
Robert Brusca
A lot of the main components are still showing weakness, ... We still have orders declining, and order backlogs haven't built up to any particular degree. This is the picture of a still-weak manufacturing sector.
Robert Brusca
Private sector job growth is still challenged. The report is not very good for the month alone, but the trends have actually improved, thanks to the revisions.
Robert Brusca
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.
Robert Brusca
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