On the month the PPI was a “what-me-worry’ sort of report. A headline gain of 0.2%, the core flat, the core for consumer goods up a scant 0.1%:. No problem. Still Yr/Yr the PPI headline is up by 4.7% -and it is accelerating its rise [...]
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| Jan 20 2010PPI Core Behaves; Headline IsStill Unruly
- Global| Jan 15 2010
EMU Trade Surplus Shrinks
Exports in the Euro-Area faltered and fell in November, dropping for the second month in a row. Even so over three months export growth is at a strong 16.8% pace and is steadily accelerating. Imports are at a three month annual rate [...]
- Global| Jan 14 2010
German Posts Lowest Annual Inflation Rate In 20-Years
German inflation, while beginning to edge up at year-end in its HICP and CPI formats has registered the lowest annual pace in 20-years. The small two-line panel at the table top shows overall statistics for the German CPI (as opposed [...]
- Global| Jan 13 2010
Industrial Output Is Making Continued Gains In Europe
Europe’s recovery remains on track in November as industrial production has risen in all the large EMU states. The UK, an EU member, only saw a very minor set back to MFG IP with output dropping by 0.1% in November. Of the largest EMU [...]
- Global| Jan 11 2010
French Industrial Output Recovers Lead By A Rebound In Investment Goods
French IP is on the mend. Yr/Yr its decline has been reduced to under a 5% drop, at -3.8%. Over six months IP is expanding at a growth rate of 6.1%. Output of consumer durable goods is holding back the recovery although output of [...]
- Global| Jan 08 2010
OECD LEIs Are Surging Especially Strong Is The Euro-Area
The OECD trend-adjusted leading indicators are showing strong increases compared to past business cycles. The chart shows that Europe, Japan, and the US have not been as synchronous and stronger since the expansion from the 1973-75 [...]
While governments around the world have taken strides to pump up expenditures to keep economies going the consumer, largely, is still not on board, at least not in Europe. Total Euro-Area consumer spending is down by 0.3% in November [...]
- Global| Jan 06 2010
EMU Orders Take A Step Back
Total orders in the EMU area have fallen m/m in October after six straight months of increasing. The Yr/Yr drop in orders is a still substantial 15.2%. Foreign orders Yr/Yr are off by 13.4% while domestic orders are off by 16.1%. Over [...]
- Global| Jan 05 2010
French Consumers Take A Step Back After Fourth Months of Improved Confidence
From its low point in mid 2008 France’s Consumer confidence is still making a long slow recovery. Its drop of one point in December does not signal an end to the climb which, although substantial, has only brought the index to the [...]
- Global| Jan 04 2010
Manufacturing Is Digging Out
The PMI indices for MFG from Markit show an ongoing improvement across the e-zone. The e-Zone index is still some 8.9 points from its cycle peak but it has risen by 18 points from its cycle low. Greece at 10.6 points above its cycle [...]
- Global| Jan 04 2010
Manufacturing Is Digging Out
The PMI indices for MFG from Markit show an ongoing improvement across the e-zone. The e-Zone index is still some 8.9 points from its cycle peak but it has risen by 18 points from its cycle low. Greece at 10.6 points above its cycle [...]
- Global| Dec 29 2009
Italian Business Confidence Advances...But Still Lags
Italian business confidence is shooting up strongly but still clings to relatively weak absolute readings. The level of the current reading stands in the 52nd percentile of the range of values occupied since October of 1996. But by [...]
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