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. [...]
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 16 2012EMU Inflation Stabilizes at 2.4%- but the Devil is in the Details
- 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 [...]
- 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 [...]
- Global| Jul 19 2012
UK Retail Sales Swing Widely
In all likelihood celebration for the Queen’s Jubilee is responsible for erratic path of sales pushing them up then sending them crashing back to normal levels when the merry-making was over. Even accounting for that there is little [...]
- Global| Jul 18 2012
Italy’s Import and Export Trends Are Still Withering
As Italy’s export and import trends wither on a yr/yr basis. But domestic demand is sinking faster than foreign demand therefore imports are falling faster than exports and that is pushing the current account into surplus. That, in [...]
- Global| Jul 17 2012
German Zew Index Backtracks
This month's Zew survey continues a trend that has been in play for several months. Sentiment remains quite low and this month it is moving lower. The current situation has slipped for the second month in a row. And in those two [...]
- Global| Jul 12 2012
German Inflation Turns Sharply Lower
Be it headline or core German inflation is headed lower. Despite being the strongest large economy in Europe, Germany is not building inflation pressure. Its diffusion reading over three-months is only 18% meaning that inflation is [...]
- Global| Jul 06 2012
German IP Shows Unexpected Life
German output and orders have shown unexpected life in May. While the problems in EMU continue to swirl around it and Germany seems to be caught in the outermost grip of the spiral we have this month had at least two reports that defy [...]
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