The shorter term or ‘sequential’ trade trends are not so clear but the graph shows a clear trend in EMU exports and imports. Exports and imports have been losing broadly after seeing growth rates peak in early 2010. The deficit [...]
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| Dec 20 2011EMU Shows Withering Trade Trends
- Global| Dec 16 2011
Japan Tankan Fails to Gain Pace
Japan’s Tankan report is a disappointment with momentum being beaten back after a year of trying to maintain its balance in positive territory. The large company MFG tankan outlook dropped to -5 for 2012-Q1 from +4 in 2010Q4. Most [...]
- Global| Dec 16 2011
French MFG Gauge Sinks...Zonal Cooperation Moves to Co-optation and Risk
The Euro-Area is under pressure; France’s AAA rating is being assailed. But the French economy is also under a real grind to lower growth. Euro-Area members are simply in a very tight, pressured, uncomfortable place with little in the [...]
- Global| Dec 14 2011
The Euro-Area or Back in the Ozone...Again?
The Euro-Area slowdown is portrayed clearly in the chart of industrial production Yr/Yr growth rates by sector as well as by the sequential growth rates from 12-months an in by sector as well as across EU/EMU nations. Three strikes [...]
- Global| Dec 13 2011
Zew Index Stops Retreating: Pyrrhic Victory
There is a little good news in the Zew survey but it is still very little. The expectations index has stopped falling in December but its rebound is so slight it is hardly detectable on the graph. Moreover, with the expectations index [...]
- Global| Dec 12 2011
OECD LEI's Point to Trouble Ahead
The decay in the OECD LEIs is much more severe for EMU that for the US or for Japan. While the US and Japan indicators point to moderation (but still to trend or above trend growth) the EMU indicators point to a more severe slowing. [...]
- Global| Dec 09 2011
German Exports and Import Each Show Withering Trends
The trends for German trade are pretty clear. Both exports and imports are slowing rapidly. The balance while showing a diminishing surplus, has been largely trendless and volatile since roughly Mid 2009. The ratio of export value to [...]
- Global| Nov 28 2011
Clear Picture of Internal/External Order Trends…Muddies the Future of the Zone and Zonal Policies
Orders in EMU plunged by 6.4% in September after a gain of 1.4% in August. Domestic MFG orders in the Zone fell by 7.9%. Foreign MFG orders fell by 3.7%. Despite the larger fall in domestic orders in Sep. over three-months foreign [...]
- Global| Nov 18 2011
German PPI and EMU Trends for October
The PPI’s across EMU have showing a broad trend toward deceleration, The German number is a fresh release, only Austria, Finland, and the UK have October numbers out. Germany also reports out a core PPI that is decelerating; the UK [...]
- Global| Nov 17 2011
UK Retail Sales Bounce As Consumer Confidence Sags
Retail sales or retail therapy? While Europe is weak and policies are contentious and the UK has been drawn into the backbiting as well...and as the UK consumer has been steadily losing confidence, perhaps as an observer of this [...]
- Global| Nov 16 2011
EMU Inflation Brakes For Crisis...Except For Italy
Inflation is a many-headed beast and that is on reason it is hard to fight. Economists are taught that inflation is always and everywhere a monetary phenomenon. But in the real world there are so many distractions and then are long [...]
- Global| Nov 14 2011
OECD LEIs Point Lower...Sad Day For Economics is Confirmed...
The OECD LEIs are on a waning path. The OECD prefers to look at changes over six months on its indicators. We plot the OECD LEI metrics on the chart and provide as a set of sections in the bottom panel of the table that zooms in on [...]
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