The sector array of up-minus-down diffusion readings shows only one negative sector for Germany in April. And this is with a new crisis swirling around the Euro Area. The far right column arrays the readings in the table Vs their [...]
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| Apr 20 2012Has Germany Dodged The Bullet?
- Global| Apr 19 2012
German-Italian Orders...And What They Tell Us About The EMU Upside-Down Cake
As different as we think that Germany and Italy are their industrial orders have been behaving remarkably similarly. The correlation between German and Italian orders over the past nine years is 0.91 on Y/Y percentage changes (or if [...]
- Global| Apr 18 2012
EMU Current Account Swings to Deficit
The trends in EMU show the 17 country Euro Area current account deficit swinging widely first to a surplus and now plunging to a deficit. It is no longer clear if there is an improving trend in train or not. Goods imports are out [...]
- Global| Apr 12 2012
French Consumer Prices Show Some Pressure
The ECB's monthly report noted that inflation was expected to hover above its limit of 2% in 2012 with 'upside risks prevailing.' Still the ECB regards this as broadly consistent with price stability. A moderate recovery with downside [...]
- Global| Apr 11 2012
IP Trends Ramp Lower Across Zone
Industrial production is slowing on a broad front across the Euro-Area. In February five of seven bellwether Euro-Area or EU nations had declines in their production indices over three-months; the best of their performance is flat. [...]
- Global| Apr 05 2012
German Industrial Output Shrinks Year-Over-Year
German industrial output is off year-over-year for the first time in this up-cycle. Its sequential growth rates show that output is falling at an increasingly fast pace over shorter periods of time. While there have been negative [...]
- Global| Apr 03 2012
The Untenable Euro-Area
The Euro-Area is in a very tight spot. The ECB has a real policy quandary. It seems that more economists are coming to the inevitable conclusion that the Zone countries go together like oil and water. Only if you continue to 'agitate' [...]
- Global| Apr 02 2012
Japan's Tankan: Some Promise of Future Progress
The Q1 Tankan results for large Japanese enterprises show a steady manufacturing sector and a slightly improved non-manufacturing sector. Medium-sized firms also show no MFG sector improvement with an even larger non MFG sector [...]
- Global| Mar 30 2012
German Retail Sales Ere Even Weaker - How Is It Possible?
German retail sales trends are unambiguously weak. Expressed in volume terms excluding autos they are falling at an accelerating pace. Auto registrations alone are falling at an increasingly sharp pace. The events in Spain should be [...]
- Global| Mar 29 2012
EMU Indices Take Gnarled Route to Nowhere
The EMU and EU overall sentiment indices fell this month. All of the countries pictured saw their indices fall in the financial crisis/recession. All saw a strong initial recovery. Spain’s recovery topped out first, then Italy’s. [...]
- Global| Mar 28 2012
Italy Leads EMU Retail Sales Lower Despite Bump-up
Italy’s retail sales volume picked up in January rising by 0.5% after a long period of weakness. If we look at monthly retail sales volumes, we have to go back to January of 2007 to find a prior 12-month period in which sales volumes [...]
- Global| Mar 23 2012
French Biz Indicator Turns Up
The Insee Business climate indicator rose to 96 in March from 92 in February. It's the first increase in the indicator since June of last year. The climate reading is still weak below the midpoint of its high-low range since 1990. Its [...]
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