EMU PMIs are in a clear revival despite concerns about austerity in 2011 and market-related financing concerns. This week the Zone's access to market credit is tested as several issuers hit the finical trough for sustenance. Against [...]
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 03 2011EMU MFG PMIs Show Strength
- Global| Dec 30 2010
EMU PPI Trends Deteriorate
It doesn’t matter that the PPI is accelerating in most Zone countries...or does it? The PPI has been rising rather rapidly for several months across a broad array of EMU nations. Over three-months the PPI is accelerating compared to [...]
- Global| Dec 29 2010
Tight Money Isn't Funny
OK. We know Europe has gone Teutonic on fiscal consolidation. So what is monetary policy doing to make sure that the financial austerity does not get out of hand and quash growth? Ohh, it's contracting. Isn't that special? Inflation [...]
- Global| Dec 28 2010
French GDP Growth Is Trimmed Back
Despite some slight downward GDP revisions, the chart shows that France's economic recovery is still in train, with both GDP and household consumption rising at an accelerating pace. The sense of acceleration is slowing, however. [...]
- Global| Dec 23 2010
Battle Of The Bulge?...Belgian CPI Bulges
The Belgian CPI continues to run a bit hotter than the CPI for the Euro-Area as a whole. The 0.5% rise in December is high and the 12-month pace of 3.1% is uncomfortable. Over 12 months to Oct the EMU pace is 1.9%. On that same [...]
- Global| Dec 23 2010
Italian Economy: Challenged...Italian Spirit: Indomitable
The Euro-Area is beset with challenges all around. Italy's name comes into the mix of countries that could be hit by debt problems after Portugal and Spain and sometimes Belgium. It's like a market-based hit list in some 'B' movie... [...]
- Global| Dec 21 2010
Japan All-Industry Index Recedes...BOJ Policy Stays The Same...Fiscal Policy Amounts To Crossed Fingers...
Japan's all-industry index for business fell to 95.9 in October from 96.1 in September. The construction and services (tertiary sector) improved in the month. But industry fell sharply, by 2% month-to-month compared to gains in the [...]
- Global| Dec 16 2010
Europe's FLASH PMIs: Are They A Flash In The Pan?
The services and MFG PMIs went their separate and opposite ways in the Zone in December. The MFG PMI rose by 1.26 points as the services PMI fell by 1.49 points. The MFG rise puts it in the top 12% of gains since the series' [...]
- Global| Dec 15 2010
Deck The Halls With Boughs Of Optimism? UK CBI Surveys Shows Upward Momentum, Then...
The distributive trades industry, a key intermediary sector, is showing upward momentum. Sales are up to a +21 net diffusion reading after slackening over two months. Orders rose sharply in the month also after a two month lull. Sales [...]
- Global| Dec 14 2010
Euro-Area IP Bounces Back-Part Way Will It Continue, And What Does That Imply For The Future Of The Zone Itself
EMU continues to be a bit of an enigma. Its economic data have held up, the OECD leading indicators project a slowdown. And, market treatment of Euro-area bonds has been rough, "R"-rated at least. Bonds get bashed - Today Spanish and [...]
- Global| Dec 13 2010
EMU And More Trends Are Cooling Off
The OECD LEI is off in October. For the US index there is still some uptick in October compared to September. But Japan's index is off by 0.4% despite increasingly consistent gains in the Nikkei stock index in Japan. Germany's index [...]
- Global| Dec 09 2010
Germany’s Inflation Rates Climb
More angst in Euroland- Just in case there wasn’t enough to worry about in the e-Zone, Germany is now building a mild head of steam for inflation. The Yr/Yr rate is 1.4% while the three-month rate is 1.9%. The e-Zone as whole has an [...]
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