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 [...]
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 16 2011EMU Trade Still in Deficit Amid Withering Trends
- 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 [...]
- Global| Sep 07 2011
German Capital Goods Are Sharply Higher
Industrial output in Germany rose by a sharp 4% in July after falling by 1% in June. With consumer goods slackening their pace over three-months capital goods output is ramping up over all horizons. Capital goods orders surged by 7.5% [...]
- Global| Sep 06 2011
German Orders Pull Back; Can The Zone Be Far Behind?
German orders fell by 2.8% after two months of rising and were weaker than had been expected in July. Year-over-year orders are up by 8.7% on roughly similar growth for domestic-sourced orders and foreign orders, but after that the [...]
- Global| Sep 02 2011
PPI Is Still High But Is Pressure Deflating?
Central bankers like Yr/Yr inflation trends because those trends usually are ‘true’. In the case of the Euro-Area’s PPI, Yr/Yr inflation is still pretty high and the sector paths show very little loss in near term momentum except for [...]
- Global| Aug 31 2011
UK Consumer Confidence Sinks Back - While Some People Never Learn
UK consumers are suffering a relapse. After seeing confidence jump in May, June, July and August have brought on a relapse. Is it the knock-on effects of the European debt crisis or an overdose of the policies of the Conservative [...]
- Global| Aug 29 2011
Italian Confidence Still Hitting The Skids-Hard
The Italian index of consumer confidence from ISAE fell hard this month and shows a continuing unraveling in confidence. Yet the overall situation for the last 12-months, at first glance, does not seem too bad. Even at a raw score of [...]
- of365Go to 260 page