Haver Analytics
Haver Analytics

Introducing

Robert Brusca

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

  • The July PPI in the e-zone jumped by 1.1% in July continuing to spread inflation pressure in the e-zone. Ex energy the PPI rose by 0.5% after a 0.4% spurt in June. As a result even ex-energy inflation is looking troublesome. Ex energy [...]

  • German retail sales have now put in back-to-back declines, each of substantial magnitude. Real and nominal sales are now lower over 12 months. Over 6 months the rate of decline is more severe and over 3 months the pace of decline is [...]

  • German retail sales have now put in back-to-back declines, each of substantial magnitude. Real and nominal sales are now lower over 12 months. Over 6 months the rate of decline is more severe and over 3 months the pace of decline is [...]

  • This Month - The European Commission’s monthly indices show that the area continued to lose ground as economic sentiment slipped from 88.8 in July to 86.9 in August. All main sector gauges fell in the month save consumer confidence [...]

  • Consumer confidence rebounded in Italy to 99.5 In August from 95.8 in July. This is a nice bounce but it still leaves the index at a very low level. The best guess is that the pop in confidence stems from the drop in global oil prices [...]

  • Global| Aug 25 2008

    Spain's PPI Surges

    Not that SPAIN is an inflation bellwether but a 23-year high is a 23-year high -- Soaring energy costs sent Spanish producer price inflation to a 23 ˝ year high of 10.1 percent in July. Many are calling this the peak in inflation. [...]

  • Import growth in the Euro Area is still firm while export growth is fading. Import growth is of course is supported by strength in oil imports, much of that on the price side. For manufactured goods both exports and imports are weak [...]

  • Euro orders fell again in June by less month-to-month than in May but drove the Yr/Yr drop to -7.4%. That is much deeper than the -1.8% Y/Y drop recorded in May. Domestic orders in the zone are down Yr/Yr but are still struggling to [...]

  • Euro orders fell again in June by less month-to-month than in May but drove the Yr/Yr drop to -7.4%. That is much deeper than the -1.8% Y/Y drop recorded in May. Domestic orders in the zone are down Yr/Yr but are still struggling to [...]

  • UK retail sales showed a sharp bump up in May of this year. Since that time it has been all downhill for the three major trends in retail sales: 3-mo, 6-mo and Yr/yr. The trends generally display a progressive deterioration in the [...]

  • Global| Aug 21 2008

    Euro-PMIs Flatten Out

    But has Europe already been flattened? The services and MFG PMIs (form NTC/Markit) for EMU flattened out this month falling month-to-month but barely falling. As a result the services and MFG PMIs are at the bottom of their recent [...]

  • The all industries index dropped in June, its first drop in four months. The index still stands in the 88th percentile (top 12 percent) of its range. Construction fell again dropping to the bottom of its range. The all important [...]