175 ordspråk av Robert Brusca
Robert Brusca
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The claims numbers always do strange things at the end of the year, ... There was some improvement at the turn of the year, but the story is that claims are gravitating back to the 400,000, where they were for quite while.
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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.
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This market is wiling to brush away bad news because it doesn't believe in it, ... Compare it to the Three Little Pigs, when there's a warning they say 'we've heard this before.' But one of these days, there is going to be a warning that the market should have listened to.
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We've still got a lot of job growth, but it's not pressuring the unemployment rate, ... That's a critical thing for the Fed -- between the unemployment rate and the nice average hourly earnings rate figure, which was up only a penny, I think the Federal Reserve will breathe pretty easily with this report.
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It makes sense to take a fresh view of things, and then the market readjusts,
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This refunding went really poorly. People still have nagging concerns,
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LTCM didn't cause this; LTCM got caught up in this,
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If you look at the Fed's own numbers,
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Although we've had some slowdowns in this economy, the unemployment rate is very low, the economy is up, [and] consumer sentiment is up, ... the economy's doing much better than it was four years ago.
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It's like saying we're not going to hit as hard if you fall from the 50th floor of the Empire State Building instead of the 100th floor of the Empire State Building. The question is, what floor are you going to jump from and is it really going to hurt you?
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This is a big leakage for our economy, ... We're at a very complicated situation with our economy.
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We had expected a small braking, a minor tap on the pedal, from GDP growth but not a move down to a lower gear,
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We tend to look at this and the Philadelphia index as an indication of what is going on in the overall economy, ... Most disturbing is that order backlogs are running over 50 percent, which is the glorified neutral. It's at 6 percentage points below, that's bad -- it shows companies are cannibalizing orders to move ahead.
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We had expected a small braking, a minor tap on the pedal, from GDP growth but not a move down to a lower gear.
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We tend to look at this and the Philadelphia index as an indication of what is going on in the overall economy. Most disturbing is that order backlogs are running over 50 percent, which is the glorified neutral. It's at 6 percentage points below, that's bad -- it shows companies are cannibalizing orders to move ahead.
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