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 [...]
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 05 2012German Industrial Output Shrinks Year-Over-Year
- 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 [...]
- Global| Mar 22 2012
EMU PMIs Drop...Europe Dead? Draghi Upbeat? Oh yeah...
The PMIs for MFG and for Services in EMU are taking it on the chin. They are dropping in value and they have crossed the Rubicon between expansion and contraction. For MFG the shrinking sector signal is in place for eight straight [...]
- Global| Mar 21 2012
Japan Sector Indices Paint Mixed Picture
Japan’s sector indices are each well below their recent peaks on the charts. Each shows a decline for the period of the financial crisis, from which manufacturing and services made some sort of recovery. Each also depicts the hit from [...]
- Global| Mar 16 2012
EMU Trade Surplus Shrinks But It Is Still Large
The EMU trade surplus has fallen off month to month but the recent surplus still is large. In EMU domestic demand is collapsing and with it import volume is contacting. Weaker imports have helped even weakening export trends to create [...]
- Global| Mar 16 2012
UK PPI Getting Back Into Trouble HICP Still in Deep Trouble
The chart offers clear snap shot of how much UK PPI inflation has oscillated up and down since the financial crisis/recession. But it mostly has been too high UK PPI inflation is running at 4.1% Yr/Yr. Core inflation is lower 3% [...]
- Global| Mar 14 2012
US Fails to Follow EMU IP Collapse...So Far
The EMU area showed just the slightest of increases in IP in January as the index gained 0.1%. Still it was enough of a gain to blunt the ongoing drop in IP and turn the three-month growth rate at -3.8% higher than the 6-month growth [...]
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