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 [...]
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| Jun 15 2010EMU 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 [...]
- 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 [...]
- Global| Jun 11 2010
German Inflation Perks Up; Core Rate In Mild Rebound From Lows
The German harmonized inflation rate rose by 01% in May, Germany's domestic headline inflation measure fell by 0.1% with the core up at a sharp +0.5% offsetting last month's 0.4% drop. Headline inflation in Germany is steadily [...]
- Global| Jun 11 2010
OECD Leading Indicators Move Up But Slow Down
A slowing in growth: The overall OECD area leading indicator rose by 0.2% this month as the growth rate over three-months fell short of the six month pace and the six month pace fell short of the 12-month pace. Slowing is on schedule [...]
- Global| Jun 09 2010
UK Trade Deficit Ceases Progress Toward Lower Deficits
UK exports and imports each backtracked slightly in April after solid to strong gains in March. The upshot is that the flirtation with progress in deficit reduction has ground to halt and commenced a backtracking over the last two [...]
- Global| Jun 08 2010
German IP Continues To Press Ahead In The Face Of Growth Pessimism The Dire Straights Of Europe And Other Fairy [...]
IP over board! That's right IP is brimming over with growth. German IP is up sharply in April and it is a race with the IP from Italy- of all places. So this raises a question: how many European optimists can you fit in one of those [...]
- Global| Jun 07 2010
German Foreign Orders Surge As Merkel Looks At Budget Cutting
German orders surged in April rising by 2.8% on the heels of a 5.1% gain in March. As a result the three month growth rate of orders is up to 36.7% (saar). Foreign orders are roaring at a 43.3% annual rate over three months. Domestic [...]
- Global| Jun 04 2010
GDP Edges Higher In EMU GDP Revision
· EMU GDP performed slightly better than expected in 2010-Q1. GDP is now up by 0.6% Yr/Yr the first positive Yr/Yr result since the downturn began. Austria and Italy post the strongest Q/Q numbers in 2010-Q1. Germany and France show [...]
- Global| Jun 03 2010
EMU Retail Sales Tail Off Sharply
Euro-Area Retail sales broke off from their strong upswing and fell sharply in April. The 1.2% drop cut the Yr/Yr growth rate for sales to 1.0%. Meanwhile motor vehicle sales continued to plummet in the Zone and have fallen at a 22% [...]
- Global| Jun 02 2010
Euro-Area PPI Takes Off Slowly I Turn... Err Scratch That
Producer price trends have been rising sharply in EMU over the past few months. The PPI has taken a decided and sharp turn for the worse. Prices are accelerating in two of the three main sectors of the PPI. Only consumer prices fail [...]
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