The reports on GDP are still dribbling in but the EMU growth rate for 2011-Q4 could have been worse. Of course for some EMU members the growth rates were worse. Greece is undergoing a horrendous period of growth and some think before [...]
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| Feb 15 2012Europe's Growth Divide and its Civil War
- Global| Feb 10 2012
German Survey Hits The Heights – Stays There
The DIHK survey has tied its all-time high measure in 2012 Q1. The German Chambers of Commerce, or DIHK, said its quarterly survey of 28,000 companies shows that the economy is on solid ground. Its headline makes a strong declaration [...]
- Global| Feb 09 2012
UK IP Turns Up In December: Is It Worth A Lot Of Fuss?
The chart puts a good perspective on the turn up in UK yearend IP...nothing special. The rise in December is sharp and does pull IP out of a deepening nose dive of Yr/Yr growth rates headed below zero. But as we often like to remind [...]
- Global| Feb 08 2012
German Trade Surplus Shrinks as Exports and Imports Wither
German exports and imports are locked in clear withering trends. The trends in the table all show a loss in momentum and a number of trends show negative growth has emerged not just slower positive growth. Germany is a very trade- [...]
- Global| Feb 03 2012
EU Retail Sales Turn Lower Except for UK
EMU retail sales fell by 0.4% in volume terms in December marking their second straight drop. While there has been some welling up in confidence over Europe, Europe remains in a very difficult spot. Its troubled economies are really [...]
- Global| Feb 02 2012
PPI Trends in EMU
Producer prices are moderate in December rising by 0.1% for the total index excluding construction. The headline pace has steadily lost some momentum from 4.3% Yr/Yr to 3% annualized over three months. By sector capital goods and [...]
- Global| Feb 01 2012
MFG PMIs Continue to Show Softer Blow to EMU Region...As EMU Becomes A Matter of Faith
The EMU PMI rose by the better part of two points in January marking its second straight advance even though it continues to show overall industrial contraction for the sixth month in a row. Germany’s index is now showing a sector [...]
- Global| Jan 30 2012
EMU Indices Show Some Slowing in Unravel
The EU commission indices provide some perspective on Europe’s unraveling and embattled economy. For now the relentless erosion has abated but pressure remains and adverse dynamics are still in force. The overall EU index rose this [...]
- Global| Jan 27 2012
World Money Supplies: Vastly Different Trends
Money supply in EMU is just moving sideways. The Yr/Yr rates of growth are fairly steady but the shorter-term sequential rates show a clear slowdown. Expressed in real terms, that is deflated by consumer prices, the money growth trend [...]
- Global| Jan 26 2012
German Confidence Edges Upward
The GFK index of German consumer confidence gives hardly any notion of it being a country in the middle of a zone beset with real economic troubles. In the graphic, the GFK confidence line portrays a very steady ongoing upward rise [...]
- Global| Jan 20 2012
UK Retail Sales Begin to Show Recovery
At the end of 2011 most of the European/EU indicators were showing weakness. But toward the very end of the year some of the most forward-looking surveys Like the PMI measures began to show some stability. It is too soon to jump to [...]
- Global| Jan 19 2012
Euro-Area Current Account Deficit Cut By Rising Trade Surplus
The chart above is an approximation of purchasing power parity for the euro calculated on a broad basis. Despite its recent drop and the dollar’s rise the euro evaluated and weighted against its main trading partners remains above [...]
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