The chart shows that EMU countries had completed much of their recession rebound according to the diffusion indices by late 2010; after some minor weakness, indices have moved up to even stronger levels. The EMU PMI gauge overall and [...]
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| Mar 01 2011MFG Is At Strong Diffusion Levels Across MOST of EMU
- Global| Feb 25 2011
UK GDP in Q4 Is Worse Than Expected
It was expected that GDP would be an upward revision and not a downward revision. There were some hopes that UK GDP would eliminate the decline in Q4 that was viewed as 'pre-mature.' Instead UK GDP has fallen by more in Q4 than had [...]
- Global| Feb 24 2011
EU Indices Continue to Make Progress, But...
EU economic sentiment indices continue to make progress but the chart highlights that fact that the rate of change, while still positive is steadily abating. And while some sectors are going quite well others are quite stuck in a low [...]
- Global| Feb 23 2011
Euro Area Orders Take Wing Again
Euro-Area orders continue to knock down some pretty good numbers. There was a slowing over the previous three months but since then orders have snapped back and are on a tear, up by 1.4% in Oct, 2.2% in Nov and 2.1% in Dec. The three [...]
- Global| Feb 22 2011
Belgian National Bank Index Pushes Higher
The Belgian Bank Index is still pushing higher in February. It has in this recovery cycle crossed over into positive territory for the first time after flirting with the possibility in earlier months. The BNB index stands in the 82nd [...]
- Global| Feb 18 2011
UK Retail Sales Zoom Ahead As G-20 Ponders Policy
Retail sales really are strong - UK retail sales showed some power in January Sales spurted by 3% after dropping in December. UK inflation is running at about twice the BOE inflation ceiling, with such high inflation, nominal sales [...]
- Global| Feb 17 2011
EMU Trade Gap Stays Negative
In EMU exports are slipping faster than imports and that is keeping the trade deficit in negative numbers. This month Imports fell a bit faster than exports but not by enough to flip the deficit into positive territory. The sequential [...]
- Global| Feb 16 2011
Japan's Tertiary Sector Contracts in December
Japan's three main sectors MFG, Construction and Services have not been making much headway. It is not surprising that Japan's GDP contracted again in Q4. But the Teikoku sector indices which are plotted in the graph above shows a [...]
- Global| Feb 15 2011
EMU GDP Comes In On The Light Side
The early reports of GDP headlines are presented in the table above. EMU GDP is a touch weaker than had been expected. While UK growth was the first to disappoint, the UK today posted a 0.7% rise in its LEI for December clearly the UK [...]
- Global| Feb 14 2011
OECD LEIs Advance but Slow
The US economy and the OECD remain on roughly the same path. The trend restored leading indicators from the OECD show that from 2008 onward, there has been a severe down-phase, and a strong up-phase that has since played out and now a [...]
- Global| Feb 11 2011
German Inflation Takes Root- How Much Risk Is There?
Germany's inflation trends are on a clear upward path. Yr/Yr the headline rate is now on the cusp of excess at 1.9%. The Bundesbank used to put 2% as the upper bound for inflation when it held the reins. Now the ECB maintains that [...]
- Global| Feb 10 2011
Euro-Area IP Advances But Loses Momentum
The larger Euro-Area economies and the UK show mixed results for December. While growth rates swooned over six months three-month growth rates for IP are back to where they were for yr/yr growth for the large economies - except for [...]
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