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 [...]
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| Sep 23 2011EMU 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 [...]
- Global| Sep 15 2011
UK Growth And Retail Sales - Going Nowhere... The Flat-Lining Economy
UK retail sales were flat in August. While three-month sales growth rates showed some life, UK retail sales have all the earmarks of a sector with not much going on. UK inflation remains stubborn with the HICP up by 4.5% Yr/Yr in [...]
- Global| Sep 14 2011
Euro-Area Looks Good But It’s Not to be Believed
Strong rise in Euro-Area output : what’s up with that? Euro-Area IP ramped up sharply in July, a surprising development. Even so the three-month rate of growth is negative. But at -0.2% it is vastly improved from the three-month [...]
- Global| Sep 13 2011
EMU Inflation Trend Seems to Peak But It’s Still Over-Heated
Divergent forces tear at the Zone - Weaker oil prices should help salve the over-the-top EMU inflation picture. But the 12% drop in the Euro’s foreign exchange value Vs the dollar form December is not going to help much at all. The [...]
- Global| Sep 12 2011
OECD LEIs Raise Some Bright Red Cautionary Flags
The OECD trend restored leading indicators show that a slowdown is in progress. The OECD likes to look at its indices in terms of changes over six-months and on that basis the overall OECD, the OECD-7 and the US OECD LEIs all are not [...]
- Global| Sep 09 2011
German Inflation Loses Some Pace
Germany persistently is one of the low inflation countries in the Euro-Area. Its inflation rate in August fell to 2.3% Yr/Yr as its price index was flat month-to-month. Jean-Claude Trichet is trying to have some patience with the [...]
- Global| Sep 08 2011
German Trade Trends Slip
German exports fell by 1.8% in July after falling by 1.2% in June. But the preceding months found German exports very volatile rising by 4.3% in May falling by 5.6% in April and surging by 7.2% in March and so on. With volatility like [...]
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