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 [...]
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 08 2008German IP Shows Some Bounce
- 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 [...]
- Global| Oct 03 2008
Consumer Spending and Purchase Plans in EMU
Retail sales in the Euro Area rose in August. The rise was small but it marks the second monthly rise in a row. Still the growth rates over 3 months, 6 months and 12 months are all hovering in the -2% range (saar) for the Area. The [...]
- Global| Oct 02 2008
EMU PPI Finally Loses Some Momentum
Today Jean Claude Trichet opened the door to a consideration of changing interest rates in the direction of a cut. It was a surprise and the impact of the statement stung the euro. But be clear that inflation remains wildly over the [...]
- Global| Oct 01 2008
Very Weak Results for MFG: Europe is Going DOWN!
The PMI details for the e-Zone and the UK makes for dismal reading. After a widespread but small rebound in August the various indices all are lower in September. All readings are below the 50% mark except for Greece. The overall EMU [...]
- Global| Oct 01 2008
Japan Tankan is Tankin'
Japan’s tankan survey is very weak and showing a continuing slide across the various size-class of respondents as well as across industries. It is the LARGE company module of this survey that tends to get the headlines. But the survey [...]
- Global| Sep 30 2008
CPI Soars as EMU Sentiment Tubes: Price Relief is Minor
Headline is turning sharply in a favorable direction; core remains high and ‘sticky’ In one of my favorite comedy skits of all times Dan Aykroyd of the US TV show “Saturday Night Live” was imitating Jimmy Carter at the height of the [...]
- Global| Sep 26 2008
German Inflation Behaves a Bit…
The chart on the left shows German inflation has been soaring and chopping around, then, recently it moved into a still-choppy but lower range. Headline inflation is and has been decelerating. But core inflation (only available thru [...]
- Global| Sep 26 2008
French Consumer Sentiment Makes a Small Bounce
The small rise in French consumer sentiment comes as Q2 GDP is revised to show a larger drop amid weakness across other Euro Area countries. The rise in sentiment is somewhat like the improvement in US consumer sentiment in September. [...]
- Global| Sep 25 2008
Selected National Money Supplies
UK money supply is decelerating at the most rapid pace among our sample countries but its growth rate for real balances is still strong: 6.1% over 12 months and 11% (saar) over 3 months. Over the past year real EMU growth money is [...]
- Global| Sep 24 2008
Germany Shows Extreme Weakness Like the Rest of Europe
The IFO sector readings are plunging and the overall indices are weak as well. In September the business expectations index remains in the lower 13 percentile of its range. The current situation is mid range at the 51st percentile. [...]
- of353Go to 302 page