Quotes by Robert Brusca

“So while some special factors may be boosting spending, the overall trend of spending is well out of line with income growth. This tells us that this spending trend is unsustainable unless consumer income growth picks up sharply.”

“Housing may get another mini boost from the recent drop in rates. These data do lag a bit. Still, it is clear that, low rates or not, housing is not on fire the way it once was. The level of activity remains quite high for housing. But the prospects for further growth do not look that strong based on momentum.”

“If youve had a turbulent August/September period, ... Its less likely youre going to get sucker-punched in October.”

“a little bit of inflation could be a really good thing, but not too much of it.”

“Its like an old Jonathan Winters movie - The Russians arent coming! The Russians arent coming. And theyll probably never be here.”

“You can make the case that bad things happen in October.”

“The problem, ... is that the markets have fallen sharply and theyve fallen because all these financial shenanigans are coming unraveled.”

“A point-three increase is a big increase. ( But ) to the extent the increase was due to tobacco prices, the market may be willing to forgive it, dismiss it, to put it aside.”

“There is a reason for stock markets to be worried. But I dont think we need to talk about recession yet -- its not on the radar screen.”

“We knew jobs were front-end loaded because of the weather. Even so, this is dramatic.”