Robert Brusca Lower Quotations

The American consumer is like that bad guy in a zombie movie; shoot him; stab him. He keeps coming forward. But in the case of the consumer, it's more like: depress his wage, make him unemployed, ruin his confidence make no job growth, lower his savings rate -- none of it matters, he or she just keeps on racking up those charges.

We had expected a small braking, a minor tap on the pedal, from GDP growth but not a move down to a lower gear,

The trade deficit seems to only get bigger and never recede. The reasons are clear, oil prices are up, foreign growth is still relatively weak and US growth is strong. There is no reason to forecast a lower deficit.

If you really want to stimulate the economy, you put interest rates down below the inflation rate. The lower the inflation rate goes, the harder it is to get the federal funds rate down below that.