While Japan and Germany run trade surpluses and China's trade surplus grows, the US trade deficit erratically is creeping higher. The reason is clear. As we saw earlier in German orders, demand for German goods is led by demand from [...]
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 10 2010Subterranean Homesick Blues German Style
On the surface German inflation trends are excellent. The HICP is decelerating from a meager 1.2% Yr/Yr to 0.7% over six-months to less than one-half of one percent over three-months. The German domestic inflation measure is actually [...]
- Global| Aug 06 2010
German IP Takes A Hit But Not A Lethal One
Despite there being strength in industrial orders German IP took a set-back in June falling by 0.6% as MFG IP fell by 0.8%. However this drop follows a sharp 2.9% gain in May and it leaves the three month growth rate only marginally [...]
- Global| Aug 05 2010
German Orders Soar On Overseas Demand....Domestic Orders Just Sore
German growth in orders continues to be lead by foreign demand. Despite a surge in orders in June the Yr/Yr pace in overall orders is stepping down from its highest pace of several months ago. Over 12-months foreign orders are up by [...]
- Global| Aug 04 2010
EMU Retail Sales Go Flat As Momentum Worsens
Retail sales are still digging their way of their recession hole but with volume flat in June progress ahs come to a halt. Momentum also has begun to slip as three-month growth in the sales volume index is now negative. Motor vehicle [...]
- Global| Aug 03 2010
Euro PPI Goes Flat
Yr/Yr the PPI is mostly holding to its gains but the monthly index has gone flat for two months running. Inflation to the extent it percolates anywhere is still present mostly in the intermediate goods sector where commodity prices [...]
- Global| Jul 29 2010
Italy Biz Confidence Ticks Higher And Slows Rate Of Gain
Italy: still rebounding - Business confidence in Italy continues to rebound even as some have an eye on Italy as one of THOSE countries with too much debt and one that could be in trouble. Ever since the Greek crisis broke the Euro- [...]
- Global| Jul 28 2010
Most Money Supplies Speed Up A Bit
While money supplies have speeded up a bit over three months compared to six months there is no great monetary stimulus in the offing. In the UK there is a set back. Despite all the concerns about the huge excess bank reserves in the [...]
- Global| Jul 26 2010
Belgian National Bank Index Improves After June Set-Back Still, No Gusto...
The Belgian National Bank index, a precursor of other EMU indicators and a relatively reliable harbinger of those reports, improved in July after suffering a set-back in June. The BNB index stands short of the two-thirds mark of its [...]
- Global| Jul 22 2010
EMU Orders Surge in May...Big Surprise
In May orders in the EMU surges by 3.8% a sharp acceleration from May's rise of 0.6%. With this surge the 3-, 6- and 12-month rates of growth are held high and steady at the extremely high pace of above 23% with the three-month growth [...]
- Global| Jul 22 2010
EMU Flash PMIs Resume Their Rise
The FLASH PMIs for EMU from Markit show that the European expansion's death has been greatly exaggerated. In July the MFG PMI advanced to a reading of 56.48 from 56.64 in June. The Services PMI rose to 55.98 in July from 55.51, also [...]
- Global| Jul 20 2010
PPI Pressures Continue To Rise In Germany: Do We Care?
Off to the races - The German PPI excluding energy continues to show an escalating pace of inflation for each horizon and the patterns shows that acceleration is still the order of the day. Prices are advancing faster over three [...]
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