French IP made a surprise jump of 1.2% in July but only after a larger decline in June and in the wake of a plunge in May and so that the rise has not restored any momentum to the outlook. The sequential growth rates show a steady [...]
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| Sep 10 2008French IP is Jumping but not for Joy
- Global| Sep 09 2008
UK IP Unequivocally Heads Lower
UK industrial output weakness is hardly a surprise after the sharp break posted by the UK’s July PPI. Clearly, weakness is at work and it is having an impact on prices due to its severity. Manufacturing output continues to decline [...]
- Global| Sep 08 2008
A Sigh of Relief on Threadneedle Street
After a scintillating run of price increases, the UK’s PPI has finally fallen in August and the all-important core rate has dropped and decelerated. The accompanying chart shows the sharp break-off in the rate of PPI core inflation to [...]
- Global| Sep 05 2008
OECD LEIs Continue to Sag as Japan Bucks Trend
OECD Trends. The OECD trend-adjusted LEIs show clear ongoing declines. The OECD declines are getting progressively weaker for the entire area as well as for the OECD seven and for the OECD four. In the US, however, the OECD LEI is [...]
- Global| Sep 05 2008
German Sector Trends are Clear and Weak
German statistics have been weakening and the weakness in orders reported yesterday was a shock to some. Today the process of being shocked continues with stark and unexpected weakness in German industrial output. Output is off for [...]
- Global| Sep 04 2008
German Orders so Long Resistant to Weakness Have Fully Succumbed
German orders are clearly falling. Orders are dropping from domestic sources as well as from foreign sources. The degree of decline is accelerating both domestically and from overseas; the degree of the drop is substantial. The new [...]
- Global| Sep 03 2008
Retail Sales Trend are Slipping Everywhere in the Euro Area
Euro Area 15 retail sales are off by 0.4% in July their second straight month of declining. Food and nonfood sales each are off for two months running as well. In the current quarter to date sales volumes overall are falling at a 4.8% [...]
- Global| Sep 02 2008
Euro Area Overall PPI Jumps: Sector Trends Diverge
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 [...]
- Global| Sep 01 2008
Germany Retail Sales Give Way…
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 [...]
- Global| Sep 01 2008
Germany Retail Sales Give Way…
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 [...]
- Global| Aug 29 2008
EMU Indices Continue to Lose Ground
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 [...]
- Global| Aug 27 2008
Italy: Consumer Confidence Rebounds but Remains Very Weak
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 [...]
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