The EU sentiment index has fallen to a record low. Most of its sector readings are on lows as well. Construction, in the lower 13% of its range, is the strongest sector in relative terms. The sentiment indices for the major EMU [...]
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 30 2009EU Index At Record Low
- Global| Jan 28 2009
Italy's Business Confidence Continues To Drop
While business sentiment is falling to new lows and very low lows in Italy , the good news is that the pace of decline is letting up. Italy ’s businesses are clearly in bad shape and concerned. But maybe the rate of deterioration and [...]
- Global| Jan 27 2009
German Biz Confidence In a Small Rebound: What's All the Fuss?
The German IFO index made a small rebound in January and that has caused some excited stirring in markets. Still the IFO Business climate index is very weak and the EMU sentiment index for Germany (Dec) is even lower than it was in [...]
- Global| Jan 26 2009
Canada's Mixed Inflation Picture...
While headline inflation continues to lose steam in Canada as it does everywhere else in the world, Canada’s core rate is not on that same page. Over three-months core inflation has escalated to a pace of +2.6% from under 2% over [...]
- Global| Jan 23 2009
PMI Indices for EMU Bounce – Dead Cat or Live One?
Hooray! The MFG and Services PMIs for Europe in January have bounced. It’s too soon to call it a bottom but since they are bouncing off historic- or near-historic lows, maybe we have seen the worst of decay. Even if that is true it is [...]
- Global| Jan 22 2009
E-Zone Orders Drop Sharply...Again
E-Zone orders are dropping sharply in November. Based on some more topical country level reports, it is not surprising that the EMU orders series made another sharp fall – and more those lie ahead. Today, in fact, the UK CBI survey of [...]
- Global| Jan 21 2009
German PPI Points To Lower Inflation Ahead
Germany’s PPI for manufactured goods fell by 0.8% in December and is falling at an accelerated rate along with its ex-energy measure. In the fourth quarter MFG producer prices fell at a 4% pace compared to ex–energy prices that fell [...]
- Global| Jan 21 2009
Italy's Trade Picture Deteriorates
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 [...]
- 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 [...]
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