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 [...]
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| Jul 22 2011Euro-Area Orders Take Separate Paths
- 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, [...]
- Global| Jul 14 2011
Euro-Area Inflation Trends not yet Corralled
Euro-Area inflation was still irregular in June. Among the large countries Italy had the largest monthly rise at 0.2% and Spain showed the largest drop at -0.3%. But the good news is that headline inflation is decelerating across [...]
- Global| Jul 13 2011
Euro-Area and US IP Track One Another
US and EMU IP in MFG track each other’s respective paths. The world economy clearly is very tightly connected. One up shot of this is that there is not as much gain from diversification as in the past. Of course we are comparing two [...]
- Global| Jul 12 2011
OECD LEI Loses Momentum...Too Much Castor Oil
The OECD LEI is losing momentum. The OECD index is off by 0.3% in the recent month and the OECD-seven index is off by 0.4%. Over three-months we are seeing declines in the top OECD indices; on that horizon the US index is flat. The [...]
- Global| Jul 11 2011
IP in the Euro-Area
While the growth rates of IP from 12-months and in seem different for France and Italy. But their respective growth rate paths in the recovery have been very similar. Over three-months Italy is the only country in the table with IP [...]
- Global| Jul 08 2011
German Trade Surplus Expands
German exports outpaced imports in May helping to boost the German surplus in May. But real export orders are turning lower. Exports orders fell by 5.8% and are declining at accelerating pace over the least three-months and six [...]
- Global| Jul 07 2011
German IP Springs Back to Life
German IP sprang back to life in May jumping by 1.2% and more than making up for its drop of 0.8% in April. Still IP growth is slowing it has slipped from 7.5% over 12-months and from even stronger six months result to 6.3% annualized [...]
- Global| Jul 06 2011
Germany Stands On Its Own Two Feet, But Can It Pull?
German foreign orders have shrunk in May as German domestic orders have spurted. Monthly disconnects occur in this series but this one is very large. With this month’s results the domestic orders are now carrying the burden of German [...]
- Global| Jul 05 2011
Retail Sales in the Euro Area Lose Momentum
EMU retail sales momentum is on the downswing. As we have seen in selected country level reports the European growth situation is losing some steam. Whereas in the US the MFG sector made some rebound for a very sharp drop in May the [...]
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