German orders picked up in June. After falling sharply in May foreign orders surged in June by enough to make up for the May drop. Domestic orders remain in a funk, rising by just 4.6% over 12-months compared to a rise of 13.2% for [...]
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| Aug 04 2011German Orders Snap Back
- Global| Aug 03 2011
Euro-Area Service Sector Heads South And It’s Not Even Winter
Services, while generally viewed as nontradables, are showing a remarkably consistent drop across the largest most developed economies. That is interesting since these sectors are not linked by trade by are captives of their [...]
- Global| Aug 02 2011
Euro-Area Inflation Trends
The PPI for the Euro-Area fell by 0.3%, the second straight drop in a row. The PPI has been steadily decelerating, as energy prices has abated their rise. Both headline and core inflation rates across key Euro-Area member countries [...]
- Global| Aug 01 2011
German Retail Sales turn Volatile
EU U-rate is unchanged - The Euro-Area Unemployment Rate remained in June at 9.9% , unchanged from the May reading, according to data released by Eurostat. The Unemployment Rate was 10.2% in June 2010. According to the official [...]
- Global| Jul 29 2011
German Retail Sales turn Volatile
Retail sales (ex-autos) in Germany are gyrating, showing sharp fluctuations in the last two months. While retail sales soared in June vehicle registrations tanked. When retail sales fell in May vehicle registrations fell. There is no [...]
- Global| Jul 28 2011
Days of Rising EU Economic Sentiment are Drawing to a Close
EU sentiment is on the downslope. The rate of increase is slowing steadily on its Yr/Yr comparisons (see chart) and the monthly numbers are clustering around negative readings. The index standings are no longer high to moderate. [...]
- Global| Jul 27 2011
UK CBI Orders Take a Walk on the Wild Side
The Confederation of British industry (CBI) survey for industrial trades is showing a clear weakening profile for orders, its cycle-leading component. These trends essentially confirm what the early, or 'flash,' UK GDP reading told [...]
- Global| Jul 25 2011
Italy's Consumer Confidence on Slippery Slope
For Italian consumers the thrill is gone. That is if there ever was a thrill. Confidence did rise as the recession wound down, but then its rebound deflated very quickly as expected recovery proved to be somewhere between elusive and [...]
- Global| Jul 22 2011
Euro-Area Orders Take Separate Paths
EMU orders surged by 3.6% in May after dropping by 0.1% in April, rising 0.4% in March, and rising 0.3% in February. After a period of some lethargy orders are back on track. Or are they? The 12-Mo, to 6-Mo to 3-Mo growth rates are [...]
- Global| Jul 21 2011
EMU PMIs Drop at Extremely Sharp Pace...DANGER! DANGER!
EMU PMIs are falling substantially and now sharply as well. The monthly drop in the Services index is the THIRD LARGEST of its history of 156 months (13years). For MFG it is the 17th largest monthly drop over the same span. For MFG [...]
- Global| Jul 20 2011
Japan's LEI Recovers
Japan’s LEI advanced in May as Japan continued the process of recovery in the post disaster period. The LEI data still do not have much distance from the development of the disasters and their lingering impacts. The LEI’s strong move [...]
- Global| Jul 15 2011
Euro-Area Inflation Signals Are True
The table below shows the rise in various national HICP indices since the Euro was launched in January of 1999. We show the average inflation rate by country and also present the aggregate rise in each headline HICP. Interestingly, [...]
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