Robert Brusca Quotes


You don't need an economist to tell you how disastrous they look. - 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


You can't repeal the laws of economics. Wages in China are so cheap, that you'll never make labor cheap enough in the United States to compete with that. - Robert Brusca


You can make the case that bad things happen in October. - Robert Brusca


Worker productivity generally creates a scenario where employees realize they can begin to demand more for what they do. While the year-over-year productivity gains are still quite good, there is some evidence that wage inflation may be starting to creep in. The Fed won't like this. - Robert Brusca


While everybody is very happy with the performance of the economy under Greenspan, it's come at quite a price. We have a negative savings rate. The consumer has been out spending his and her income, partly supported by an increase in housing prices, where people had to pull a lot of the equity out of their home. Well they can't do that again. - Robert Brusca


While consumer spending has sparked up a bit recently, linking it to better output growth is still highly speculative. - Robert Brusca


While concerns about inflation swirl, the evidence continues to give those fears little substance. - Robert Brusca


Where was wealth effect during that time? ... The consumer didn't die. People lost all kinds of money in the stock market, and it didn't seem to affect them. - Robert Brusca


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