Deterioration in trade is becoming a global theme as exports and imports both falter in its widespread global slowdown. For Italy the trade and current account positions also have deteriorated. The current account deficit is winder [...]
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 21 2009Italy's Trade Picture Deteriorates
- Global| Jan 16 2009
EMU Trade Deficit Widens: Exports and Imports Collapse
The EMU trade deficit widened in November as exports fell by 4.7%. Imports also dropped but by 2.5% causing the deficit to widen. The table above is replete with negative numbers denoting declining export and import flows. The global [...]
- Global| Jan 15 2009
Core Inflation in the EMU and in the US Falling Together...at Last
The EMU inflation picture was finalized with headline inflation dropping by 0.3% in the month and up by 1.6% Yr/Yr as had been reported in the flash release. With today’s report we get the detail behind the headline. Inflation is [...]
- Global| Jan 14 2009
EMU Industrial Production is Plunging
Recession clearly has come to the Euro Area and to its member countries. Industrial output is dropping at a horrendous pace. The sequential growth rates in the table below show that IP has gone from a Yr/Yr decline of 7.1% to [...]
- Global| Jan 13 2009
Economy Watchers Index Drops Sharply
Japan’s economy watcher’s index falls sharply in December. It is at its weakest point in five years and longer. The employment component is very weak as is the future index. The future index is barley higher than the very weak current [...]
- Global| Jan 12 2009
OECD LEIS Sink and Signal a More Impressive Slowdown
The outlook for the world's major industrialized and emerging economies worsened markedly in November, according to the monthly OECD Trend adjusted leading indicators. The OECD said the figures point to a "deep slowdown" in the area. [...]
- Global| Jan 12 2009
OECD LEIS Sink and Signal a MoreImpressive Slowdown
The outlook for the world's major industrialized and emerging economies worsened markedly in November, according to the monthly OECD Trend adjusted leading indicators. The OECD said the figures point to a "deep slowdown" in the area. [...]
- Global| Jan 09 2009
OECD LEIS sink and signal a more impressive slowdown
- Global| Jan 09 2009
Industrial Output Falls Hard Across Europe
The bad news keeps on coming for Europe. Declines in industrial output are now reflecting the effect of what has been ongoing weakness in industrial orders. Output is down Yr/Yr in German, France Spain and the UK and the progression [...]
- Global| Jan 08 2009
EMU is on an All-time Low for Sentiment Manufacturing and Services Plunge
The table above summaries the overall EU and sector sentiment gauges. In the bottom panel the EMU and country indices are presented. The blue percentile panel presents the raw readings as a percentage in their all range of values. [...]
- Global| Jan 08 2009
Germany Posts Terrible Orders
German orders are plunging dropping by 6% in November, 6.3% in October and by 8.3% in October. That is quite a string of losing numbers. Order are falling at about a 50% annual rate in the fourth quarter an that is true of orders both [...]
- Global| Jan 07 2009
Euro Area PPI Inflation Drops Sharply...or Does It?
Short term inflation: dropping like a feather in a vacuum Like the HICP report the EMU PPI report shows a sharp ongoing drop in prices. Inflation has been cut sharply over short horizons. The headline (X construction) is dropping at [...]
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