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 [...]
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| Oct 26 2012German Expectations Begin to Get Hit Hard
- Global| Oct 19 2012
Orders Struggle in France and Italy
Orders rose in August for both France and Italy. But growth rates continue to be challenged. For the moment France is keeping weakness away a bit better than is Italy. There are other differences too. For Italy domestic demand has [...]
- Global| Oct 17 2012
UK Unemployment Snakes Its Way Lower
UK unemployment measures have begun to bend lower. The drop in the number of claimants in Sept was unexpected. The unemployment rate is at the lowest level in more than a year as the labor market absorbed record number of workers [...]
- Global| Oct 10 2012
EMU IP trends turn mixed…just like the rest of EMU
Industrial output fell in August in Germany, Finland and in the UK. But for most EMU members listed in this table IP advanced. Over three months IP is up very strongly in Portugal (31.8% pace) and Greece (24.7% pace). France and Spain [...]
- Global| Oct 09 2012
German Output on Fading Trend Still Show Some Gain in Q3
With growth in the e-Zone under pressure and evidence that weakness has spread to the core zone nations German industrial output has contracted in August, falling by 0.5%. Output is down over 12-months by 1.4% but it registers [...]
- Global| Sep 26 2012
French Household Confidence Is Dipping Again
French household confidence edged lower in Sept to 85 from 86. At that level it is in the bottom 11% of all values back to Sept 1991. It’s a weak showing but not one that is continuing weaken that rapidly…still it is continuing to [...]
- Global| Sep 20 2012
EMU Services Falter Further As Mfg Trims Losses Europe As Part Of A New World Order: But Which Part?
The EMU FLASH PMI indicators moved in opposite directions in September. This should not be too much of surprise but neither should the results be misconstrued. And there is some danger in that. EMU is not stabilizing as much as it [...]
- Global| Sep 19 2012
Japan Indicators Show Softness
Japan's economic indices show faltering economic momentum. The economy-watcher gauge and its forward-looking measure are both easing. The NTC/Markit manufacturing sector gauge is weaker. The Teikoku manufacturing gauge echoes that [...]
- Global| Sep 14 2012
Industrial Production Sags in August
Industrial production weak month, still up on quarter IP fell sharply in August ( the Fed had this number in its pocket at the FOMC meeting yesterday) led by a 3.7% drop in utilities output. But MFG alone also fell sharply, dropping [...]
- Global| Sep 14 2012
Goods Price Trends Turn Lower Faster - Who Cares as Fed Shifts to Overdrive
Inflation is remaining moderate. But the weakness in core prices this month may not be as widespread as a 0.1% core rise would have you believe. It is always dodgy to try to judge inflation trends when energy prices are gyrating. The [...]
- Global| Sep 14 2012
Can't Tell a Retail Sales Report by Its Headline
Retail sales seemed to surge in August even as July's gain was cut back to +0.6% from +0.8%. But reality is a bit grimmer. The retail sales gain ex motor vehicle sales stands up at 0.8% but then if you subtract gas station sales from [...]
- Global| Sep 13 2012
Will Stubborn PPI Core Give Fed Pause?
The PPI is the most volatile and the least important of the "major" US gauges of inflation. Still it does send a signal and we prefer to look at the components of the PPI that will feed most directly into the CPI since the Fed places [...]
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