The early reports of GDP headlines are presented in the table above. EMU GDP is a touch weaker than had been expected. While UK growth was the first to disappoint, the UK today posted a 0.7% rise in its LEI for December clearly the UK [...]
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 2011EMU GDP Comes In On The Light Side
- Global| Feb 14 2011
OECD LEIs Advance but Slow
The US economy and the OECD remain on roughly the same path. The trend restored leading indicators from the OECD show that from 2008 onward, there has been a severe down-phase, and a strong up-phase that has since played out and now a [...]
- Global| Feb 11 2011
German Inflation Takes Root- How Much Risk Is There?
Germany's inflation trends are on a clear upward path. Yr/Yr the headline rate is now on the cusp of excess at 1.9%. The Bundesbank used to put 2% as the upper bound for inflation when it held the reins. Now the ECB maintains that [...]
- Global| Feb 10 2011
Euro-Area IP Advances But Loses Momentum
The larger Euro-Area economies and the UK show mixed results for December. While growth rates swooned over six months three-month growth rates for IP are back to where they were for yr/yr growth for the large economies - except for [...]
- Global| Feb 09 2011
German Trade Gaps Widens
The German trade surplus rose this month and has been moving erratically higher. In December exports grew by 0.5% as imports fell by 2.3% enlarging the surplus gap. But that has not been the general story. Over 12-months imports have [...]
- Global| Feb 08 2011
German IP Shows Split Trends
Not surprisingly German orders and IP show similar characteristics. In the orders report capital goods are strong and consumption orders are weak. For the IP it is the same relative configuration, but with even weaker trends for [...]
- Global| Feb 07 2011
German Orders Plunge in December
Growth in German orders fell sharply in December but there is still a strong yr/yr gain and still a strong push over three months. The December drop merely offsets part of the November surge when orders exploded by 5.2% in the month. [...]
- Global| Feb 03 2011
Retail Sales Falter in Europe
Retail sales in the Zone fell by 0.6% in December. They are lower over 12-months by 1% as well. German sales are lower Yr/Yr and UK sales are flat. Nonfood retail sales fell in December and are lower by 1.3% Yr/Yr in the Zone. The [...]
- Global| Feb 01 2011
Unemployment Remains Dead Flat
There has been little progress made on reducing unemployment. Since the recession ballooned unemployment rates in the US and in Europe those rates have largely stayed there- higher. Germany has managed to reduce its rate noticeable [...]
- Global| Jan 31 2011
German Retail Sales Fail Either To Lead Or To Follow
Kaput is what kaput does - German retail sales are off by 0.3% in nominal terms in December and by the same proportion in real terms in December. In both real and nominal terms German retail sales are getting progressively weaker from [...]
- Global| Jan 28 2011
UK Plumbs The Downside Of Austerity
The GfK measure of UK consumer confidence for January plunged by 8 points marking its largest single-month drop since 1994. Confidence now sits at the 27the percentile of its 10Yr range and is only at the 18th percentile of the 10Yr [...]
- Global| Jan 27 2011
EU Commission Index Encounters Growth Set-Back
The EU Commission overall index fell in January to 105.8 from 106.1. Among the main gauges only the industrial gauge improved in January. Consumer confidence slipped, retail confidence stumbled badly and the other sectors were [...]
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