The chart depicts the IFO standard indices while in the table we show the history of sectors using the IFO diffusion gauges. Both approaches show a sliding German economy. Retailing and construction have become the relative strongest [...]
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| Jul 25 2012Germany Shows Steady...Ongoing...Erosion
- Global| Jul 19 2012
UK Retail Sales Swing Widely
In all likelihood celebration for the Queen’s Jubilee is responsible for erratic path of sales pushing them up then sending them crashing back to normal levels when the merry-making was over. Even accounting for that there is little [...]
- Global| Jul 18 2012
Italy’s Import and Export Trends Are Still Withering
As Italy’s export and import trends wither on a yr/yr basis. But domestic demand is sinking faster than foreign demand therefore imports are falling faster than exports and that is pushing the current account into surplus. That, in [...]
- Global| Jul 17 2012
German Zew Index Backtracks
This month's Zew survey continues a trend that has been in play for several months. Sentiment remains quite low and this month it is moving lower. The current situation has slipped for the second month in a row. And in those two [...]
- Global| Jul 12 2012
German Inflation Turns Sharply Lower
Be it headline or core German inflation is headed lower. Despite being the strongest large economy in Europe, Germany is not building inflation pressure. Its diffusion reading over three-months is only 18% meaning that inflation is [...]
- Global| Jul 06 2012
German IP Shows Unexpected Life
German output and orders have shown unexpected life in May. While the problems in EMU continue to swirl around it and Germany seems to be caught in the outermost grip of the spiral we have this month had at least two reports that defy [...]
- Global| Jun 22 2012
Terrible Consumer Sentiment in Italy.....The Movie: Halloween, Italian Style Without Jaime Lee Curtis
Italy's consumer confidence looks like it is about plunge right off the chart. The confidence measure has dropped by over one point in June and is at a new all-time low. And as we peruse the components they are disaster-struck. The [...]
- Global| Jun 21 2012
EMU PMI Decline Slows but EMU Problems Remain Deeply Ingrained
The Markit PMI flash readings for June offer little in the way of solace. The MFG reading fell while the service sector reading perked up ever so slightly. Positioned in their respective high-low ranges, the MFG index stands in the [...]
- Global| Jun 20 2012
Italian and French Orders Go Different Ways
While there seems to be more anxiety about the Euro-Area it is far from clear what is going on. Orders trends for Italy and France are undergoing a major divergence. Orders for Italy in April are falling and are lower over three [...]
- Global| Jun 15 2012
EMU Surplus Rises as Flow Growth Slows
Growth slowdowns in EMU are choking off imports faster than exports are being slowed to outside the region. Over three months exports are weak on broad based weakness. But for imports the weakness stretches back over a year. [...]
- Global| Jun 14 2012
Japan's IP Disappoints
Japan's IP fell by 0.2% in April after surging by 1.3% in March. The industrial production growth rates have been progressively diminishing over more recent periods. Only transportation after slowing from an unsustainably strong pace [...]
- Global| Jun 13 2012
Euro-Area Sectors on Same Downtrend
EMU IP fell by 1.7% in April after rising by 1.1% in March. Over three months all the major IP categories show negative growth rates. Of the eight EU/EMU nations in the table six show decline in IP over three-months. Over six months [...]
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