Germany's IFO survey is strong in October. Expectations were for weakness to gnaw away at the German economy but instead the economy is pushing ahead. The diffusion reading on the Climate index rose the better part of two points to [...]
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| Oct 21 2010EMU PMIs Surprise As MFG Rises And Services Weaken...The Real Zone Emerges: The Austerity Zone
Another Split decision - The Euro-Area PMIs were split in October as the MFG index rose and the services index fell. While the two indices have been tracking together in this expansion for several months, that tracking has been an [...]
- Global| Oct 20 2010
German PPI Continues to Move Up...Should we be worried?
Germany's PPI continues to advance and its sequential growth rates all show up trends. The 'silver lining' in this group of clouds is that the three-month growth has settled down below the 6-month growth rate indicating that some of [...]
- Global| Oct 18 2010
Japan's Tertiary Index Sinks
Japan's service sector (Tertiary index) dipped in August as we remain unclear if the herky-jerky recovery in services is still in force or not. The services sector is looking like it is in recovery and its Yr/Yr rise is respectably [...]
- Global| Oct 15 2010
Euro Exports Regain Their Step But They Are Still Overtaken By Imports
In Europe the trade picture deteriorated even as exports recovered strongly from their slump in July. Goods exports rose by 1% on the month, shaking off a 0.2% decline in July. Imports of goods, a series that had declined by a sharp [...]
- Global| Oct 14 2010
Euro-Area inflation begins to creep up...As US fears its rate is creeping lower - this should be interesting
Trends under the surface - The final inflation number for the Zone in September is not yet in and core readings are missing as well. But we can look at the inflation trend by perusing the various trends in a number of 'early- [...]
- Global| Oct 13 2010
IP Jumps In The Zone But It's Not Going Through Hoops
Euro-Area IP jumped in August. The 0.9% rise in MFG output follows a slide of 0.3% and drop of 0.2%. Those are the fist consecutive drops in IP for the Zone Since April of 2009. Through thick and through thin in this recovery one fact [...]
- Global| Oct 12 2010
Is Japan's Consumer Confidence Rebound Running Out Of Gas?
Consumer confidence in Japan slipped in September for the third month in a row. It is back at its level of April this year. Confidence ranks in the lower 40% of its long term range. Willingness to buy durable goods stands in the lower [...]
- Global| Oct 11 2010
OECD LEIs Point To A Slowing Global Economy...Meanwhile Currency Fears Boil Over Without Solution...
It could be worse, and maybe it will become so. But for now the OECD area is simply showing a slowing that is very widespread. But in the aftermath of this weekend's failed IMF meeting the global trade tensions have not been mended [...]
- Global| Oct 08 2010
Japan's Economy Watchers Index Sends Mixed Signals
Japan's recovery from its recession seems to progress from end 2008 according to the Economy Watcher's index. Since then index appears to have made a 'bunny-hop' recovery with its current phase being the down portion of the second [...]
- Global| Oct 07 2010
German IP Rises But Intermediate And Consumer Goods Slow Their Pace
German IP rebounds but slows - The German industrial production index rose strongly in August after a modest rise in July and a drop in June. As a result of that pattern IP is in a bit of a slowdown mode in terms of its sequential [...]
- Global| Oct 06 2010
German Factory Orders Only Make The Puzzle Harder To Solve...Germany Surprises As Orders Come Roaring Back
Growth scare is OVER! German factory orders spurted in August after giving growth a scare in July and dropping by 1.6% (revised and smaller drop than was first reported). While we know that within Germany retailing and consumer [...]
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