There is a little good news in the Zew survey but it is still very little. The expectations index has stopped falling in December but its rebound is so slight it is hardly detectable on the graph. Moreover, with the expectations index [...]
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 13 2011Zew Index Stops Retreating: Pyrrhic Victory
- Global| Dec 12 2011
OECD LEI's Point to Trouble Ahead
The decay in the OECD LEIs is much more severe for EMU that for the US or for Japan. While the US and Japan indicators point to moderation (but still to trend or above trend growth) the EMU indicators point to a more severe slowing. [...]
- Global| Dec 09 2011
German Exports and Import Each Show Withering Trends
The trends for German trade are pretty clear. Both exports and imports are slowing rapidly. The balance while showing a diminishing surplus, has been largely trendless and volatile since roughly Mid 2009. The ratio of export value to [...]
- Global| Nov 28 2011
Clear Picture of Internal/External Order Trends…Muddies the Future of the Zone and Zonal Policies
Orders in EMU plunged by 6.4% in September after a gain of 1.4% in August. Domestic MFG orders in the Zone fell by 7.9%. Foreign MFG orders fell by 3.7%. Despite the larger fall in domestic orders in Sep. over three-months foreign [...]
- Global| Nov 18 2011
German PPI and EMU Trends for October
The PPI’s across EMU have showing a broad trend toward deceleration, The German number is a fresh release, only Austria, Finland, and the UK have October numbers out. Germany also reports out a core PPI that is decelerating; the UK [...]
- Global| Nov 17 2011
UK Retail Sales Bounce As Consumer Confidence Sags
Retail sales or retail therapy? While Europe is weak and policies are contentious and the UK has been drawn into the backbiting as well...and as the UK consumer has been steadily losing confidence, perhaps as an observer of this [...]
- Global| Nov 16 2011
EMU Inflation Brakes For Crisis...Except For Italy
Inflation is a many-headed beast and that is on reason it is hard to fight. Economists are taught that inflation is always and everywhere a monetary phenomenon. But in the real world there are so many distractions and then are long [...]
- Global| Nov 14 2011
OECD LEIs Point Lower...Sad Day For Economics is Confirmed...
The OECD LEIs are on a waning path. The OECD prefers to look at changes over six months on its indicators. We plot the OECD LEI metrics on the chart and provide as a set of sections in the bottom panel of the table that zooms in on [...]
- Global| Nov 11 2011
UK Output Prices Lose Momentum - Is It All Good News or Not?
PPI Progress - UK PPI output prices continue to run hot but in the UK but they are losing some momentum. The 12-mo pace of 5.7% is dropping and the shorter sequential growth rates show that PPI momentum has been damped. Better still [...]
- Global| Nov 09 2011
UK Trade Deteriorates...And So Does The Pound Sterling
UK exports have suddenly stalled while imports continue to press ahead. With an export mix tilted heavily to Europe where growth is slowing sharply and to the US where the expansion has never really gotten on track, UK exports have [...]
- Global| Nov 07 2011
German IP Heads South...With Europe in Close Pursuit
German IP turned sharply lower in September falling by 2.7% month-to-month as its 12-month growth rate held at 5.4%. In the just-completed third quarter German IP still put on a good show as it rose at a 7.1% rate mostly on the back [...]
- Global| Nov 04 2011
Europe Service Sector in Steep Drop
EMU no longer ‘at your service’- The Euro-Area service sector survey from Markit registered a sharp drop in October. It comes on the heels of a sharp drop in September. The two month drop of over five points in the services sector [...]
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