Consumer goods inflation has broken lower in Germany. But for capital goods and intermediate goods, inflation forces are lingering. Headline PPI inflation has spurted by 7.8% over three months, a far cry from the 2% limit on consumer [...]
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 20 2008German PPI Pressure Still Lingers
- Global| Oct 17 2008
Italy New Orders
Italian orders have fallen in August after several months of gains. Foreign orders are much weaker than domestic orders in Italy. Foreign orders have dropped in six of the past seven months. Domestic orders are down in just two of [...]
- Global| Oct 17 2008
Japan’s Service Sector Index Gets Erratic
The tertiary index fell in August after two months of stability. The Yr/Yr percentage change in the index is hovering in negative territory and has just taken a weaker position with this report. The index is still in the top 10% of [...]
- Global| Oct 16 2008
German Firms Cut Back Their Assessment and Expectations
The German Chamber of Industry and Commerce survey (DIHK) shows a steady if not rapid deterioration in the current assessment and in the expectations for the period ahead. Economic conditions slipped from a reading of +24 in Q2 to +17 [...]
- Global| Oct 16 2008
US IP Plunges in September and Plummets in the Quarter
US industrial output, an index of real output, is off by 2.8% in September but the drop is exaggerated by the impact of two hurricanes and a job action at aircraft manufacturer Boeing. The Federal Reserve Board reported that the [...]
- Global| Oct 15 2008
Japanese IP Dives – Back on Trend to Lower Results
What a shock to those that thought that decoupling was a reality. The US slowdown clearly has spread to Japan and to Europe. The August drop in output is just one of the visible signs. July’s 1.3% rise in IP is sandwiched between [...]
- Global| Oct 15 2008
PPI Still Troublesome
The PPI emitted mixed signals in September. The headline finished goods PPI dropped a sharp 0.4% as energy prices fell. But the core PPI for consumer goods rose by a sharp 0.5% an uncomfortable harbinger for the CPI core that is due [...]
- Global| Oct 10 2008
OECD LEIs Signal Further Weakness
The OECD Leading Economic Indicators (trend adjusted cyclical indicators) are continuing to show distress. They point to continuing declines in the economies of the key OECD countries and regions. This report is updated through August [...]
- Global| Oct 09 2008
INSEE Business Indicator is Dropping
The INSEE business climate indicator fell to 92 in September from 94 in August. It now stands in the 38th percentile of its range since 1990. The likely trends assessment by participants at a -41 reading is in the 16th percentile of [...]
- Global| Oct 08 2008
German IP Shows Some Bounce
German New Orders and retail sales rose unexpectedly in August. So the August rise in IP of 3.4% is less of a surprise than it otherwise would be. There is a growing consensus that the timing of holidays has had a lot to do with the [...]
- Global| Oct 07 2008
German Orders Rebound in Surprise Show of Resiliency
The German economy shows some resilience in its factory sector in August as orders reverse a string of eight months of declines to rise by 3.6% in August. Overall and foreign orders had previously each fallen for eight months in a [...]
- Global| Oct 06 2008
Exchange Rates Set the Stage…that Policymakers Play On
As we sit in the middle of a growing financial crisis exchange rates position countries in specific competitiveness cohorts. Much of what has transpired in the past few years has been framed importantly by those exchange rate [...]
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