Weak orders and weak trends: Total UK industrial orders are lower, much lower in October, dropping from a -9 (where they slipped last month from a +1 in August) to a -18. Oh, how quickly optimism can fade - faster than a new pair of [...]
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| Oct 26 2011UK Industrial Orders Go Crashing Down
- Global| Oct 25 2011
German Consumer Climate Steadies While Economic Expectations Dive
In Germany consumer climate crawled a bit higher in an early read on November but has mostly stay around the current level for several months. Climate crested early in the year, it since moved lower and has moved sideways. Economic [...]
- Global| Oct 21 2011
German IFO Survey Keeps Pointing Lower
The German IFO survey is showing a great deal of stress as expectations have slid well into the lower portion of their range. The expectations diffusion reading lies at the boundary of the lower 25th percentile of its historic queue [...]
- Global| Oct 20 2011
UK Retail Sales Stuck in Low-Growth Land Bottom Gear Meets Thick as a Brick
Sales flounder and appearing to swim - The UK saw retail sales rebound sharply in September rising by 0.8% month-to-month after a flat performance in August. The spurt is welcome relief to a still staggered economy. But there is less [...]
- Global| Oct 19 2011
Belgian Confidence Edges Up Even As Unemployment Fears Rise
The Belgian National Bank consumer confidence index has edged up in October and at a time that other measures in surrounding countries seem to be getting weaker. After operating without a real government for an extended period of time [...]
- Global| Oct 17 2011
Japan IP: Reviving And Surviving
Japan's disasters have left an indelible mark on its economy and on the global economy as well. As an important manufacturer and exporter Japan is a source for parts as well as goods, especially in the auto industry. Parts and goods [...]
- Global| Oct 14 2011
German Inflation Flares - So What?
Embedded in the Euro-Area as it is Germany fights inflation with a tight fiscal policy, a strong constituent belief that inflation is bad and using whatever monetary policies come out of the ECB. The ECB continues to sit and wait. In [...]
- Global| Oct 11 2011
IP Trends Slower, Then 'Catches'
IP trends in the EMU areas have been losing momentum for some time. Their peak rates of growth date back to early 2010. Since then the pace of erosion has been uneven across countries and that continues to be the case. But as IP [...]
- Global| Oct 06 2011
German Order Growth Spirals Lower
German industrial orders have fallen for the second month running. In July plunging foreign orders took the headline for orders growth into negative territory but in August it was weak domestic orders that dragged the series into [...]
- Global| Oct 05 2011
EMU PMIs back off in September
The chart demonstrates that the MFG sectors in the across EMU are very tightly connected. The have very similar cycles to the US, too and as the MFG sector begins to sag in this now-weakened recovery period we are seeing the swale in [...]
- Global| Oct 04 2011
EMU PPI Tails Off...Except for Capital Goods
Inflation in Euro-Area PPI prices is starting to settle down- and just in time. With its Greek tragedy playing out (well, it isn’t a comedy is it?), the ECB could well use a few more degrees of freedom in its policy options. While the [...]
- Global| Oct 03 2011
Japan’s Tankan rebounds but remains short of its Q1 reading
Japan’s Tankan reading has risen from its recession lows and the outlook is up in Q3. While the rebound is the firm for large companies it is progressively more guarded as the size of the enterprise surveyed geos down. But the actual [...]
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