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 [...]
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 05 2011EMU PMIs back off in September
- 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 [...]
- Global| Sep 30 2011
German Retail Sales Go Erratic and Stay Weak
German retail sales took a sharp turn lower in August. Vehicle registrations were lower as well. Real retail sales excluding autos fell sharply in August as well. Nominal retail ex-auto sales are actually on a modest accelerating [...]
- Global| Sep 29 2011
EMU Economic Sentiment Continues to Unravel
The decline in the Euro-Area is quite plain and clear for all to see. The graph above plots index levels and shows how even those (like Germany) with a strong recover yare falling fast. Spain, the weak economy on the chart also shows [...]
- Global| Sep 28 2011
German Export And Import Prices
German export and import prices are each falling in August. Excluding petroleum, both export and import prices fell. But over three months export prices are rising and import prices are falling both with and without petroleum prices. [...]
- Global| Sep 27 2011
‘World’ Money Supplies at a Cross Roads Different Strokes for Different Folks...and How!
The chart speaks volumes but despite the god-zillions of words used in this verbiage trained economists will look at that chart and have significantly divergent views of what it means. Like the story of the blind men feeling different [...]
- Global| Sep 23 2011
EMU Still Slowing as Hot Air Keeps Blowing
Foreign and domestic orders among EMU members continue to trend upward by at an ever slower pace. That is the view from the yr/yr growth rates. Sic month growth rates (memorialized in the two-columns table shows a sharp slowing in [...]
- Global| Sep 22 2011
PMIs Dive in September – Race to the Bottom
The chart tells a pretty clear story that requires little embellishment from me. The good news is that you can see the pit that the PMIs fell into in recession and Europe is not anywhere near as deep in its drop as it was in the [...]
- Global| Sep 21 2011
Japan's Sector Indices are Mixed
After its series of disasters Japan was expected to provide a shot of growth for the global economy as it was re-built. But the rebuilding effort is not pushing ahead with strength. One unexpected outcome has been the European debt [...]
- Global| Sep 19 2011
Slowdown in Orders is Broad-Based
German orders are slipping. So are orders in Spain. The monthly data are choppy but the trends are clearer. By comparison the US order-flow is holding up and has steadied. The German orders profile is the most extreme because Germany [...]
- Global| Sep 16 2011
EMU Trade Still in Deficit Amid Withering Trends
Withering from heights - The chart offers a very clear picture of euro-trends. Export growth is withering. Import growth is withering in step. As a result the EMU external trade deficit has steadied at around -Ć2.5bln. Near term [...]
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