The EMU regions continue to give back ground as the April indices have settled into their final values with declines across the board in April with the minor exception of France. The EMU index may not seem to be so low as it is only [...]
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| May 02 2012EMU Weaker on PMI Scale
- Global| Apr 27 2012
Confidence Loses Its Grip
German confidence is edging down, now for the second month in a row. Economic confidence is still on the rise but Income and buying confidence are on the retreat. Overall confidence is higher than the May value only 25% of the time. [...]
- Global| Apr 26 2012
EU Commission Indices Weaken In April...For Most
For the whole of EU, the economic union, not just the monetary bloc, the economic sentiment index was flat in April. But for the monetary union the index fell by 1.7%. The index for Germany fell by 1%, France fell by 0.4% Italy’s [...]
- Global| Apr 25 2012
UK CBI Industrial Orders Slow And Show More Weakness
UK GDP registered a -0.2% reading for 2012 Q1 showing that the economy has not yet been able to escape the pull of recession. The industrial orders series shows that weakness remains in train, but with a forward-looking twist. While [...]
- Global| Apr 23 2012
EMU PMIs Say Brace For Worse Times Ahead! While the IFO's Reading & EC readings Say Markit's PMIs Are Too Dismal
Perspective on the Markit PMIsThe Markit PMI readings were not so surprising this month as the have been falling for some time There had been a three -month period in which the drop subsided, but that now is a thing of the past and [...]
- Global| Apr 20 2012
Has Germany Dodged The Bullet?
The sector array of up-minus-down diffusion readings shows only one negative sector for Germany in April. And this is with a new crisis swirling around the e-Zone. The far right column arrays the readings in the table Vs their [...]
- Global| Apr 20 2012
Has Germany Dodged The Bullet?
The sector array of up-minus-down diffusion readings shows only one negative sector for Germany in April. And this is with a new crisis swirling around the Euro Area. The far right column arrays the readings in the table Vs their [...]
- Global| Apr 19 2012
German-Italian Orders...And What They Tell Us About The EMU Upside-Down Cake
As different as we think that Germany and Italy are their industrial orders have been behaving remarkably similarly. The correlation between German and Italian orders over the past nine years is 0.91 on Y/Y percentage changes (or if [...]
- Global| Apr 18 2012
EMU Current Account Swings to Deficit
The trends in EMU show the 17 country Euro Area current account deficit swinging widely first to a surplus and now plunging to a deficit. It is no longer clear if there is an improving trend in train or not. Goods imports are out [...]
- Global| Apr 12 2012
French Consumer Prices Show Some Pressure
The ECB's monthly report noted that inflation was expected to hover above its limit of 2% in 2012 with 'upside risks prevailing.' Still the ECB regards this as broadly consistent with price stability. A moderate recovery with downside [...]
- Global| Apr 11 2012
IP Trends Ramp Lower Across Zone
Industrial production is slowing on a broad front across the Euro-Area. In February five of seven bellwether Euro-Area or EU nations had declines in their production indices over three-months; the best of their performance is flat. [...]
- Global| Apr 05 2012
German Industrial Output Shrinks Year-Over-Year
German industrial output is off year-over-year for the first time in this up-cycle. Its sequential growth rates show that output is falling at an increasingly fast pace over shorter periods of time. While there have been negative [...]
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