137 Quotes by 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.

They are desperately concerned about maintaining inflation fighting credibility. So the Fed is not focused on inflation, it's focused on inflation in the future.

The report is still a poor one given what has come before, but not terrible,

This is very, very much in line with the idea we're slipping into a recession.

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.

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'.

This is the way inflation gains a toe hold,

It's a surprise. Certainly the Fed is worried about inflation, but it has been subdued in recent months, so I wouldn't be too concerned about that.

It's a surprise -- we thought the unemployment rate would be edging up.