Germany’s economic climate held steady in June despite troubles in the surrounding Euro-Area and a controversial change of leadership in France. Despite these distractions and risks German consumers continue to see mild inflation and [...]
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| May 25 2012German Consumers Hang in there Despite Zone Troubles
- Global| May 24 2012
EMU PMIs Continue to Sink
The EMU unravel is now in its second phase. The chart clearly shows the first phase drop for MFG from 58.6 to 46.38 followed by a bounce to 48.96 and now a drop to flash value of 45.03. The chart shows that the services sector has [...]
- Global| May 23 2012
Italian Consumer Hits the Deep Skids
It's a close to official as it can get. The Italian consumer is really fed up. While Italy is still one of the countries with one of the richer citizenries in Europe its technocrat government and the situation in Europe has driven the [...]
- Global| May 23 2012
Italian Consumer Hits the Deep Skids
It's a close to official as it can get. The Italian consumer is really fed up. While Italy is still one of the countries with one of the richer citizenries in Europe its technocrat government and the situation in Europe has driven the [...]
- Global| May 18 2012
German PPI drops off: Should We Care? If Greece Drops off Should We Care?
The graph on the left shows a good clear picture of the recent relationship between the German PPI and the CPI. It is not very impressive. The ex-energy gauges are not even very loosely correlated. However, their two trends have [...]
- Global| May 16 2012
EMU Trade Flows Wither As Surplus Rises
EMU imports and exports fell across nearly every category in March. The trade account was in surplus for the fifth month in a row and the sixth in the last seven. Exports fell by 0.9% m/m as imports contracted by 1.1% m/m. Both of [...]
- Global| May 15 2012
EMU GDP Weakens For Many But Overall Holds At Zero
Walking a very fragile and thin line, EMU posted no decline in GDP year-over-year or quarter-to quarter by eking out zeros in each measure. Among the key early reporting members Cyprus, Italy, The Netherlands, Portugal and Spain [...]
- Global| May 14 2012
Euro-Area IP is Up in March and Still Off Year/Year
Euro-area industrial production (IP) rose by 0.9% m/m in March. It is still lower by 1.3% y/y but is sequentially cutting its losses and is up over three months at a 1.6% annual rate. The output of consumer durable goods and [...]
- Global| May 11 2012
German Inflation Overshoot Continues But Diminishes Euro-Area Differences Continue And Barely Diminish
The German HICP rose by 0.2% in April compared to March. It is up at a 2.2% pace Yr/Yr and that is less than the 2.3% pace of last month. At 2.2% the rate of change is closing in on the Bundesbank's desired ceiling rate of 2% and of [...]
- Global| May 10 2012
LEIs: US and China Still Moving Ahead
The OECD ratio LEI indices for March show that the US Japan Spain and China have readings that are above their trends (ratio to trend index exceeds unity). For EMU the ratio is below unity but it is the same as it was in February at [...]
- Global| May 09 2012
German Trade Balance Steadies on Solid Exports
The German trade deficit is stabilizing in the 13bln to €14bln range. Nominal export and import growth rates are accelerating sharply; led by import growth. And real export orders are continuing to grow. However Yr/Yr trends on [...]
- Global| May 08 2012
German IP Decline Slaps On The Brakes...
German IP jumped by 2.8% month-to-month in March rebounding from a small decline of 0.3% in February. As result of this strength IP is now up at a 15.8% annual rate over three months and is up by 0.2% in the first quarter over Q4. In [...]
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