The ECB sets its rate-targeting sights on the euro-area's HICP a consumer prices measure not on the PPI which is producer prices measure. But producer prices are showing some inflation escalation despite this month's result which say [...]
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| Jul 02 2010Euro-Area PPI Drops Month To Month As Yr/Yr Rate Rises
- Global| Jun 29 2010
EU Sentiment Falls; EMU Sentiment Edges Higher
Sentiment among the Big Five EU countries saw improvements in three of those five. Set backs in June were experienced in the UK and in France. For France its the second drop in a row. After seeing drops in four of six of the largest [...]
- Global| Jun 28 2010
Japan Retail Sales Crumble As G-X Sets Debt-Reduction As The Main ObjectiveOr, Is The G-X Whistling Past The Grave Yard?
Government spending program had been underpinning Japan retail sales until this month when sales fell sharply. The month-to-month drop was the first since December 2009 and the largest since February 2005. It was the smallest Yr/Yr [...]
- Global| Jun 25 2010
Deflation Still Haunts Japan Actively - Its Exports Can't Save It
D-flation - Japan continues to show the effects of deflation. Prices fell by 0.4% in May, an accelerated drop from -0.1% in each of the last two months. Less food and energy prices fell by 0.2% in May a bigger drop than the -0.1% in [...]
- Global| Jun 24 2010
Foreign Orders Break Out To Lead EMU Growth
Orders in the euro-area rose by 0.9% a very good showing after gains of 2.6% in February, 5.1% in March and now 0.9% in April. As a result of the sharp gain late in the first quarter the Q2 level has been boosted to show a 34% annual [...]
- Global| Jun 23 2010
EMU PMIs Slow Ascent...MFG PMI Losses Ground
The PMIs are entering a more mature stage of the expansion and steady monthly increases will no longer be the rule nor will such monthly fluctuations be a 'bad signal,' just the result of normal fluctuation. From April to December of [...]
- Global| Jun 21 2010
Japan Sector Indices Show Improvement-Except Construction
Japan's all Industries Index rose today by 1.8% a bit less than expected but the strongest rise in several months. This move jolts the all industries index up to the 42nd percentile of its range, a sharp improvement from the 29th [...]
- Global| Jun 18 2010
Euro Orders In The Big Three
Euro orders: no fries with that burger...New industrial orders readings from France round out the total for the big three in EMU. France has showed the most recent weakness with an orders drop of 3.4% in April. After a jackrabbit [...]
- Global| Jun 17 2010
UK Retail Sales Show Improvement
UK retail sales rose by 0.4% in May as April sales were revised lower. The volume of ex-auto retail sales rose 0.6% from a month earlier and gained 2.2% on a year-to-year basis in May. The year-to-year increase was the strongest since [...]
The inflation picture looks worse than the inflation reality. The chart above shows headline inflation seemingly 'soaring' off to the races running at a 1.6% Yr/Yr pace. Notice the scale and the push is a bit less daunting. For 3-mo [...]
- Global| Jun 15 2010
EMU Exports And Imports Hit A One-Month Backtrack But Is The Surplus Really On A Sustained Declining Trend?
The seasonally adjusted and working day adjusted EMU trade balance improved in April widening to 1.39Bln surplus. Still, the trend is for the surplus to shrink. Growth rates show that exports and imports are building on the earlier [...]
- Global| Jun 14 2010
Euro-Area IP On An Upswing, Except For Consumer Goods
Industrial output in the euro-area is still putting out some good gains. This is despite the fact that the consumer goods sector continues to lag and to decline. Overall EMU output rose by 0.6% m/m in April after a gain of 1.8% in [...]
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