56 Quotes by Alan Ruskin

In the aggregate, the economy has clearly stalled, and at  best grew close to zero in the second quarter,

Clearly the economy had a good head of steam on it right through the hurricane period.

His comments fit with the basic idea of a pause at a 5% or perhaps 5.25% funds rate - more likely the former, but with no presumption that this will be the peak in rates.

Housing may be topping at the same time as consumer confidence is hurting from energy prices.

For the Fed, I don't think it changes much. It's not weak enough that it would change their measured tightening path.

The market feels that there's probably three months to play with before the risk of any meaningful tightening takes place. That's been comforting for those who are dollar bullish.

All in all this is very much second-tier data, but the overriding impression is that any slowdown is at worst modest,

The hourly earnings numbers are soft obviously in January, but if you look at it on a three-month trend, in fact, you still find hourly earnings running at something like a 5-percent annualized rate. So I don't think that's going to sway the Fed's fear on the wage front completely.

The euro led the move ... and the dollar's weakness is broad-based, which is important but I'm skeptical that we're going to get a lot of (euro) upside here.