Robert Brusca Prices Quotations

People are aware of what energy prices are doing to their pocketbooks, and their company,

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.

Prices don't decline like this unless you've got a lot of slack demand conditions.

Oil prices going up is not inflationary. Inflation is too much money chasing too few goods.

Inflation decelerated across a broad spectrum of core CPI areas -- about 40 percent of prices in the core showed declines in their year-over-year growth rate. That's a big proportion. The Fed is concerned and has a reason to be concerned.

consumer prices are really going to be under control, as well.

These are big declines. It shows you how weak the economy is. Prices don't decline like this unless you've got slack demand conditions.

Eventually you have other prices going down to compensate for the fact that energy went up. But that doesn't work itself out in a month or two; it works out over a period of time.