This really muddies the waters on jobs, ... I continue to see a lot of labor market distress, and I am more impressed by the sudden weakness in the Challenger report than by the rebound in the cantankerous ISM.
More Quotes from Robert Brusca:
People are aware of what energy prices are doing to their pocketbooks, and their company,Robert Brusca
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.
Robert Brusca
Trends show a sharp surge on auto spending in July but little strength elsewhere. Most disturbing is the ongoing sluggishness for services. Demand there is hovering around (annual) gains of 2 percent. That won't create many jobs.
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
December looks weak but the November revision will stave off too much speculation of weakness.
Robert Brusca
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.
Robert Brusca
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