The German IFO index showed a weaker climate reading in April. Both the topical IFO and the lagging EMU index for Germany are showing a damping down for the overall climate index (see chart). The Manufacturing index which is stronger [...]
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| Apr 21 2011IFO and EU Indices Show Unwind for Germany: Back to Normalcy?
- Global| Apr 20 2011
German PPI Soars Then Pressure Abates?
The German PPI lost some zing in March as it rose by 0.3% after a burning hot January and February with gains of 1.1% and 0.7%, respectively. The sequential growth rates still indicate a charging-up of inflation as 3-mo inflation [...]
- Global| Apr 19 2011
Canada's Inflation Takes Hold If Not Flight
Canada offers various measures of inflation but they all agree that the rate of inflation is on the rise. Inflation accelerated across most categories in February and did it again in March. Yet inflation is not broadly higher over [...]
- Global| Apr 15 2011
Euro-Area Revises Inflation Is Higher
So long as the ECB insists on looking at headline inflation, the picture in the chart above is going to continue to haunt it in its sleep. While headline inflation is ‘raging’ that has almost nothing to do with monetary policy. [...]
- Global| Apr 13 2011
Euro-Area IP Advanced More Strongly in Feb
Europe's consumer sector is losing momentum as capital goods are gaining speed. Meanwhile intermediate goods seem to catching on and accelerating after a brief lull in momentum. Consumer goods sequential growth rates have pitched a [...]
- Global| Apr 12 2011
Potentially Disturbing Zew Readings...Are They Part Of A Broader Disturbing Trend?
Zew's assessment of current conditions is flying high. But Zew expectations are moderate to low. Still with current conditions so good there is nothing to worry about, right? RIGHT? Answer me please... Paint by numbers; get depressed [...]
- Global| Apr 11 2011
French and Italian IP Continue to Expand But Italy Shows Momentum Loss
France and Italy continue to see their industrial production expand. France is showing more staying power as Italy show signs of slippage in its growth. This is their first real divergence in this cycle. France is showing persistent [...]
- Global| Apr 08 2011
BOE Plays Doubting Thomas to Resurrected Inflation
While the ECB is hiking rates on marginal inflation risks as the BOE is holding back while inflation rages- at least at the PPI level. At the same time the CPI is hardly to be construed as tame as its twelve month pace is 3.3% and its [...]
- Global| Apr 07 2011
German IP Continues Its Strong Rise
Industrial output is advancing smartly in Germany across all three main sectors. The output of consumer goods is finally in gear, rising at a 2.3% annual rate. Intermediate goods output is up at a 16% annual rate. Capital goods the [...]
- Global| Apr 06 2011
German Orders Show Great Resiliency
Orders are strong and resilient- German orders are proving to be quite resilient, as the chart shows the growth in both domestic and in foreign-sourced orders have each remained at a pace that continues to exceed their growth of the [...]
- Global| Apr 05 2011
Euro-Area Services Work Their Way Higher
EMU lead by Germany- The EMU service sector is still on the rise but the rise is not on a particularly strong trajectory of expansion. After a set-back in February, Germany's services index is up strongly but still not back to its [...]
- Global| Apr 04 2011
Euro Schism As The ECB Gets Ready To...
In the US we complain that unemployment is so high. But in the US recession the rate of unemployment jumped sharply while Europe's rate only drifted higher by comparison. For a while US and European unemployment rates were roughly [...]
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