The LEIs from the OECD are plunging and the outlook is not for more severe slowdowns across the region and for many key members. The Euro Area and the US figures show the most rapid descent while Japan ’s index is going down for 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| Dec 05 2008OECD LEIs PLUNGE and It's Only September…
- Global| Dec 04 2008
EMU GDP Confirmed At -0.8% (Saar) In 2008-Q4
The details of EMU GDP show that the downfall to growth in the e-zone has been trade. GDP is falling at a 0.8% annual rate in Q3 as the trade gap widened by 10bln in Q3. Moreover, indicators for Q4 are still pointing to further [...]
After Germany reported out such weak sales this month, the gauntlet was thrown down of all of EMU. EMU sales are slipping and doing so at an accelerating pace. They dropped by 0.8% in October alone. The three-month growth rate is [...]
- Global| Dec 02 2008
Inflation Breaks Lower in the Euro Area
The Euro Area PPI dropped by 0.8% in October after dropping by 0.3% in September. This drop reduced the total ex-Construction inflation rate to 6.3% Yr/Yr. Inflation has dropped to a 4.1% pace over six months and is falling at a 5.8% [...]
- Global| Dec 01 2008
Graceful but Painful Swan Dive in MFG PMI’s… Into an Empty Pool
The NTC final indices are now out and are weaker than their FLASH counterparts were. The percentile column on the far right seems due for an ‘out of order’ sign except that it is not out of order. The overall index as well as the [...]
- Global| Dec 01 2008
German Retail Sales Hit the Skids Again in October
No hunt for this red October… German retail sales were unexpectedly weak in October. The ‘unexpectedly’ part is just as important as the ’weak’ part since Germans have been deluding themselves with a view of how this crisis is going [...]
- Global| Nov 28 2008
EMU CPI in Near-Record Drop HICP is Barely Over the ECB Ceiling-Freeing Bank to Slash Rates
The Euro Area reported a dramatically deflated CPI (HICP, Harmonized index of consumer prices) for November. The index dropped its rate of inflation back to 2.1% from 3.2%, a huge deceleration (in one month!) for yr/yr inflation that [...]
- Global| Nov 25 2008
France Business Climate Report
The Insee business climate indicator is plunging. The overall index dropped to 80 in November from 87 in October and now sits in the bottom 14% of its range going back to 1990. It is the 10th weakest climate reading on record. The [...]
- Global| Nov 21 2008
Euro Area PMIs
The Markit/NTC readings on conditions in services and MFG in the Euro Area show another chilling story. The indices are down to all time lows that covers 11-Years for the Manufacturing PMI and 10-years for services. The MFG index [...]
- Global| Nov 21 2008
Euro Area PMIs
The Markit/NTC readings on conditions in services and MFG in the Euro Area show another chilling story. The indices are down to all time lows that covers 11-Years for the Manufacturing PMI and 10-years for services. The MFG index [...]
- Global| Nov 20 2008
New Orders for Italy and France Sink
For France and Italy new industrial orders continue to sink. France is right now seeing the greater weakness. Foreign orders show consistent weakness across time horizons for both Italy and for France. For France the recent [...]
- Global| Nov 19 2008
UK's CBI Survey of Industry
UK orders rebounded ever so slightly from last month’s extreme weakness and still reside in the bottom 2% of their range since about 2000. Export orders have had the same response, making a token bounce in November. Stocks of finished [...]
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