France’s Insee business climate reading for July was revised to 89 from 90 making the ‘repeat’ initial reading of 90 into a gain in August. The index is still weak at the 36.8th percentile of its high/low range and yet it is lower [...]
Introducing
Robert Brusca
in:Our Authors
Robert A. Brusca is Chief Economist of Fact and Opinion Economics, a consulting firm he founded in Manhattan. He has been an economist on Wall Street for over 25 years. He has visited central banking and large institutional clients in over 30 countries in his career as an economist. Mr. Brusca was a Divisional Research Chief at the Federal Reserve Bank of NY (Chief of the International Financial markets Division), a Fed Watcher at Irving Trust and Chief Economist at Nikko Securities International. He is widely quoted and appears in various media. Mr. Brusca holds an MA and Ph.D. in economics from Michigan State University and a BA in Economics from the University of Michigan. His research pursues his strong interests in non aligned policy economics as well as international economics. FAO Economics’ research targets investors to assist them in making better investment decisions in stocks, bonds and in a variety of international assets. The company does not manage money and has no conflicts in giving economic advice.
Publications by Robert Brusca
Global| Aug 29 2012French Climate Downward Revision Creates Appearance of Gain in August
- Global| Aug 27 2012
An Italian Success Story and Beyond…
Italy’s current account is finally adjusting. No longer is it simply stuck in the ‘red zone.’ Since December 2004 Italy has had only four months in which its current account has not been in deficit. In June Italy’s account was at zero [...]
- Global| Aug 23 2012
EMU PMIs show continued stress
The good news is that the PMIs for August did not simply continue to decay. The bad news is that there is really not much of a bounce. And that the service sector did continue to decay but by a small amount. By comparison the MFG [...]
- Global| Aug 22 2012
Japan's Trade Flows Slow
Japan’s trade trends have remained firmly riveted in place with its goods trade position in deficit for 17 months running and its export and import trends in a clear decelerating phase. Japan is caught between some powerful forces [...]
- Global| Aug 17 2012
EMU Trade Surplus Grows
The EMU trade picture swung from deficit to mounting surpluses and that has been in train over the last 10 months. This month the jump was particularly large as the surplus ran up to €10.5bln from €6.8bln. Month to month exports [...]
- Global| Aug 16 2012
EMU Inflation Stabilizes at 2.4%- but the Devil is in the Details
<br> <p></p> <a href="/comment/130418e_big.png" name="modal"><img class="large" align="left" src="https://haver-commentaries.s3.eu-west-1.amazonaws.com/comments/130418e.png"></a> </html> - Global| Aug 16 2012
EMU Inflation Stabilizes at 2.4%- but the Devil is in the Details
EMU inflation posted a Yr/Yr rate of 2.4% for the third month in a row. And while that is above the ECBs target/cap of 2% the core rate (ex food and energy) has been below 2% (1.9% to 1.8% on a yr/yr basis) since January of this year. [...]
- Global| Aug 15 2012
Different Folks, But Increasingly, The Same Strokes
While one can look at the plotted path of German GDP and see it as different from France and Italy one can also look at the paths and see a lot of similarity. Topographically the series look much the same. But just before the [...]
- Global| Aug 10 2012
No Wonder That Worries About German Growth Intensify
While Industrial output in the Zone has been slowing or contracting on a broad front for some time the most dramatic slowdown has been in Germany. For a while it was just German IP growth falling from very rapid rates of growth down [...]
- Global| Aug 08 2012
German IP Continues to Sink
German IP fell by 0.9% in June after gaining back part of an outsized drop from April in May. The three month growth rate is a deep negative -5.9% annualized exceeding the pace of decline over 12-months. Construction output is falling [...]
- Global| Jul 26 2012
German Expectations Begin To Get Hit Hard
By comparison with Italy, France and the UK, German consumers are feeling pretty good. Expectations are beginning to falter. But climate continues to show some very gradual improvement. German confidence in is the top 17% of its [...]
- Global| Jul 25 2012
Germany Shows Steady...Ongoing...Erosion
The chart depicts the IFO standard indices while in the table we show the history of sectors using the IFO diffusion gauges. Both approaches show a sliding German economy. Retailing and construction have become the relative strongest [...]
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