Trends are getting worse. The EMU trade deficit improved in February on a tiny rise in exports as imports continued to drop. Even though both exports and imports put in an ‘improved performance’ in February compared to January the [...]
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| Apr 17 2009EMU Trade Deficit Improves But Picture Does Not
- Global| Apr 16 2009
E-Area IP Plunges
The chart above makes it clear that it is not the consumer sector that is leading IP lower in Europe. Capital goods and intermediate goods output are falling by 23% Year/Year compared to consumer goods output that is down by just [...]
- Global| Apr 15 2009
Japan's Retail Sales Drop
Japans economy continues to show the strains it is under as retail spending fell again in February. The 0.2% drop is a step-up from the 0.1% drop in January which comes on the heels of December’s 1.7% sales collapse. As a result of [...]
- Global| Apr 14 2009
French Exports And Imports Drop
Export and import growth trends in France continue to wither at very rapid rates. In February exports rose as imports fell by 0.2%. Still both exports and imports are dropping at better than a 33% annual rate over three months. The [...]
- Global| Apr 13 2009
OECD LEI's Are Sinking At The Fastest Pace In Over 40 Years
The OECD trend restored leading indicators show that a very deep recession is underway. The declines in the LEIs over 6-months are the most severe of the modern post-war period. The LEI declines are sharper than in either of the two [...]
- Global| Apr 09 2009
German IP Drops Sharply Again
We saw the weakness in German orders so it is not surprising that output is having the same experience in Germany . Industrial output fell by a large 2.9% in January on the heels of a dizzying 6.1% drop in January. Output is declining [...]
- Global| Apr 08 2009
UK Industrial Output Falls Again
UK’s industrial output index fell again making it twelve straight months of decline. There is a slight let up in the pace of decline in IP as the growth rate’s declining profile at the three month tenor shows signs of abating (see [...]
- Global| Apr 08 2009
German New Orders Decline
The growth rates for German industrial orders are not getting progressively worse, but they still are bad and the three-month growth rate still is worse than the six month growth rate. There may be a hint or whiff of slowing down the [...]
- Global| Apr 06 2009
Euro Area Inflation Is Still Dropping Fast
EMU inflation drops at record pace in February. EMU inflation dropped in February after a very sharp drop in January. Over three-months the annual pace of decline is at -12% compared to -11% over six-months. This is a strong pace to [...]
- Global| Apr 06 2009
Euro Area Inflation Is StillDropping Fast
EMU inflation drops at record pace in February. EMU inflation dropped in February after a very sharp drop in January. Over three-months the annual pace of decline is at -12% compared to -11% over six-months. This is a strong pace to [...]
- Global| Apr 03 2009
Market Services PMIs Turn Higher In March
In the Market PMI framework Europe is stabilizing as the rates of decline in MFG and Services bottom and begin to show some improvement. But the EU framework of surveys shows declines are still in train. The table above shows the EMU [...]
- Global| Apr 02 2009
French PPI Shows Year/Year Weakness
Headline and sector inflation rates for France are showing consistent declines. The core is also on a decelerating trend. Excluding construction the PPI is falling over rapidly. Anyway you cut the inflation signals at the PPI level [...]
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