Robert Brusca Move Quotations

The Federal Reserve, with the ink barely dry on its statement of intent to move in a measured pace, has begun a new theme that says 'measured' may be too slow.

We tend to look at this and the Philadelphia index as an indication of what is going on in the overall economy. Most disturbing is that order backlogs are running over 50 percent, which is the glorified neutral. It's at 6 percentage points below, that's bad -- it shows companies are cannibalizing orders to move ahead.

There are rates that may not move at all and there are rates that may move opposite to what the Fed has done.

Everybody knows what the Fed is doing, but no one knows which move is going to impact the market. I call it a version of Federal Reserve water torture: a drop at a time and after a while it will drive you absolutely batty.

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