OECD LEIs – The trend-adjusted LEIs are lower nearly across the board in November - the US is the exception as its index rose; Japan’s, hovering above 100, stayed the same. The indicator ratios-to-trend, however, are below 100 [...]
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| Jan 13 2012OECD LEIs
- Global| Jan 13 2012
Euro-Area Surplus Jumps as Exports Gain Strongly and Imports Flat-Line
EMU seems to have posted a one-off result. Imports continue to erode in-line with other reports on economic weakness in the Zone but exports have sprung to life like a thought-to-be-dead vampire springing up from the grave on a foggy [...]
- Global| Jan 09 2012
Germany Continue to Weaken As Industrial Output Slides
The profile in the chart of year-over-year growth rates is unmistakable. The trends in the table are clear as well. In terms of growth rates from one year in and shorter, only construction and consumer goods are showing any resilience [...]
- Global| Jan 06 2012
German Foreign Orders Plunge...Again
German orders are losing momentum again and rapidly after a false signal of a pause in the unraveling as of October. Orders in October had surged by 5% (M-o-M) and a surge of that degree blunted a lot of downward momentum that had [...]
- Global| Jan 04 2012
EMU PMI Services Index Rebounds As Politics And Financial Decay
It is hard to say with a straight face to anyone involved in markets that things in Europe are looking better. But the EMU PMIs for MFG and now for services each have taken a turn for the better in December. Yet Euro bourses, fixed [...]
- Global| Dec 30 2011
What Comes Around Goes Around...And Around
There is a good WSJ article today that wraps up the final days of the Berlusconi administration chronicling the role of Angela Merkel. ‘Deepening Crisis Over Euro Pits Leader Against Leader.’ If you have not read it yet, or heard this [...]
- Global| Dec 22 2011
Growth Slowdown- How Far? How Slow?
GDP is slowing across the Euro-Area and globally. The chart at the top shows steady slowdowns in the US the UK and for EMU as Yr/Yr GDP growth rates diminish globally. The table shows the detail on quarterly rates of growth and Yr/Yr [...]
- Global| Dec 22 2011
UK Consumer Confidence At 3-Yr Low This Christmas
So much for decking the halls with boughs of holly. There will be little fa-la-la-ing as well. UK consumer confidence has sunk to a near 3-yr low and the range and queue metrics we provide as gauges of how bad things really are tell a [...]
- Global| Dec 21 2011
UK Distributive Trades Index in Upside Surprise
The UK retail index rose to a +9 in December after posting a -19 in November. Sales have been expected to slip as sales for this ‘time of year’ were projected at a -36. Orders also ‘improved’ to a -4 from a -25 result back in [...]
- Global| Dec 20 2011
EMU Shows Withering Trade Trends
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 [...]
- 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 [...]
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