Symptoms Vs disease - When talking about the EMU and its financial troubles we speak of its banks and the interest differentials paid on government debt and a host of financial data. These financial indicators are the manifestations [...]
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| Dec 01 2010German Retail Sales Jump to Get Back to Zero
German retail sales fell in August plummeted in September then ratcheted higher in October leaving the growth of retail sales at zero over three months. Over six months and 12-months the rate is the same at just below a pace of 4%. In [...]
- Global| Nov 30 2010
All Growth Rates Agree – Can They All Be Wrong?
Japan’s industrial production index is slowing over three-months and over six months.It is also falling in each of the last five months and of course, over three months, and also over six months. Weakness in the output of consumer [...]
- Global| Nov 29 2010
EU Indices Show Improvement and Signs of Strain, Too
By sector retailing has the highest rank in its historic queue of values followed by the industrial sector. Construction is the weakest sector followed by services. But the change in the services index this month was the 13th largest [...]
While Germany's IFO survey is still looking to be bullet-proof in October orders fell and fell sharply in September, setting a pattern to be followed throughout the e-Zone (see the accompanying table). German domestic orders dropped [...]
- Global| Nov 23 2010
Flash PMIs for EMU Unexpected Recovery
The FLASH PMI measures for Services and Manufacturing in EMU outran expectations in November. Not only did they not fall as had been expected, but their increases were outsized. The Services index advanced from 53.35 to 55.20 making [...]
- Global| Nov 22 2010
Belgian National Bank Consumer Survey
For Belgium it may not be a home run but it is definitely a hit for extra bases. The November Consumer confidence reading from the Belgian National Bank survey is up to zero which is well above the level of -6 which is the 10-Year [...]
- Global| Nov 19 2010
Italy's Orders Begin To Outdistance France's And Euro Area Problems Come With An All-Too-Common Theme
Orders do slow: French orders growth has slowed considerably to just 0.6% year-over-year while for Italy year-over-year growth is still at 12.6%. Foreign growth is still strong for both France and Italy making domestic orders growth [...]
- Global| Nov 18 2010
UK Retail Sales Glow but Refuse to Shine
Wind-aided retail sales- The total value of UK retail sales rose by 0.8% in October after a flat September and a declining August. It's not much of a revival for a series that is the equivalent of wind-aided in an Olympic sprint event [...]
- Global| Nov 17 2010
Spain's GDP Crawls Ahead - Spurred by Weakness!
Yes! Spain's GDP edged ever so slightly higher in 2010-Q3 spurred by weakness; weakness in imports. Imports fell at an 18.7% rate annualized in the quarter and since imports SUBTRACT from GDP the drop spurred GDP growth in Spain in [...]
- Global| Nov 15 2010
EMU Trade Balance Turns To Surplus
In the wake of the G-20 summit, a turbulent wake that has rocked many boats and leaves them pitching and yawing in the open sea and still at great peril, the EMU has released its Zone-wide trade figures and guess what? The Zone is in [...]
- Global| Nov 12 2010
EMU GDP Growth Tops Out
Biz Cycle mechanics 101 - Trees do not growth to the sky and GDP growth does accelerate endlessly, even in recovery. But in EMU all the key larger early-reporting countries reported a deceleration in GDP growth in Q3 compared to Q2 [...]
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