The EMU PPI for January is up by 1.9% year-over-year. Spain, Belgium and Finland have higher year-over-year rates of change. Over 12-months the weakest inflation is in Greece- of all places. This is, of course evidence that austerity [...]
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| Mar 05 2013PPIs in EMU Settle Down But the Zone Itself Still Does Not
- Global| Feb 28 2013
Jobs Rise in Germany!
The chart shows not just a difference between Germany and the rest of EMU (actually the result is for EMU so it has the German result embedded in it, lessening the appearance of the true German/Non-German EMU difference!) Germany and [...]
- Global| Feb 27 2013
EU Commission Indices Continue Weak Rebound
The accompanying chart shows that Germany has been relatively less affected in this economic cycle than other large countries that are members of the European Monetary Union. The comparison with the European monetary union itself with [...]
- Global| Feb 26 2013
UK Retail Survey Disappoints
Moody's has downgraded the UK economy and maybe it is because despite the governments adherence to austerity recovery still won't start. Markets do not seem to care much about what Moody's thinks. After the credit-rating agencies' [...]
- Global| Feb 25 2013
IFO Spurts: Is Germany Leaving EMU Behind? Or just kicking its behind?
The German IFO index has jumped sharply in February. From a diffusion value level of 1.3 in January the sector index has jumped to 7.3 in February. The overall Climate index, plotted in the chart, has made its third the strongest [...]
- Global| Feb 21 2013
EMU PMIs Reverse Favorable Trend German Continues to Show Growth
The flash PMIs for MFG and Services turned lower in February surprising expectations for both the manufacturing and services components. After a long period of declining that dates to a peak in 2011and has seen several minor cycles in [...]
- Global| Feb 19 2013
Zew Jumps
The Zew expectations reading jumped in February to 48.2 from 31.5. This near-neutral reading (a reading of 50 would balance positive with negative expectations) stands in the 36th percentile of its historic queue of net readings; it [...]
- Global| Feb 18 2013
EMU Trade Surplus Widens on Weak Imports
Trade balance in the European monetary union widened to 11.9 billion euro from 10.5 billion euro in December. Exports from the Zone fell by 1.9%; the drop is exceeded by a 2.9% drop in imports. The resulting weaker import performance [...]
- Global| Feb 14 2013
EMU's GDP is Even Weaker
It is now five consecutive quarters of GDP declines in EMU...and counting. The Year-over year drop is now at 0.9%. While the US reported a drop in GDP in Q4 as well it is still stronger than any economy in the table, those are EMU [...]
- Global| Feb 14 2013
EMU IP Also Rises
EMU IP is showing a gain in December of 1%. Month to month. It is still falling over 3-Months and six months and 12-months. But the pace of its decline is slowing. Output in the EMU region is still some 5.2% below its past cycle peak. [...]
- Global| Feb 11 2013
OECD Sees Mostly Slower Growth
In the OECD framework the US economy picked up a bit of steam in December. The UK and Japan each showed their ratios to trend above 100 and advanced slightly compared to November. But the sense of growth and momentum form the OECD [...]
- Global| Feb 11 2013
France Shows Modest Upswing in Sentiment
To be sure business sentiment in France is weak. But it is also engaged in a long swing higher and it continues to extend that trend with a gain in January despite a number of internal readings that warn us that the strength in this [...]
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