Italy’s goods trade deficit emerged in May after April posted a surplus. The current deficit widened. Imports are now faltering with capital goods and transport categories showing outright declines Yr/Yr as domestic weakness takes its [...]
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| Jul 17 2008Italy’s Trade Shows Deeper Deficit
- Global| Jul 16 2008
Euro Area HICP Sees Core Decelerate
Although the ECB policy remains steadfastly fixed on the behavior of the HICP headline, it is the HICP core that is showing signs of behaving. The six month pace of the core at 2.3% is as low as it has been since Oct 2007 (eight [...]
- Global| Jul 15 2008
ZEW Components Weak Expectations Are a Disaster
The Zew index took a real turn for the worse. Expectations are on an all time low. German denial is coming rapidly to a close. Belief in the de-linked business cycle is going the way of belief in the tooth fairy. It’s something you [...]
- Global| Jul 14 2008
UK Losses Grip on PPI Inflation
You can like Mervyn King, Governor of the BOE, and BOE itself. But that bank has lost its grip on inflation, at the PPI level and that is chilling. PPI inflation has absolutely surged sending the CORE PPI rate up by 6.3% Yr/Yr and the [...]
- Global| Jul 14 2008
Euro Area IP Trends Point Lower
Even capital goods output trends in Europe are begging to look strained. Manufacturing IP is in its first decline since May of 2005 on a Yr/Yr basis. The month-to-month 1.4% output drop is the largest since Sept 2007. The drop is [...]
- Global| Jul 14 2008
Euro Area IP Trends Point Lower
Even capital goods output trends in Europe are begging to look strained. Manufacturing IP is in its first decline since May of 2005 on a Yr/Yr basis. The month-to-month 1.4% output drop is the largest since Sept 2007. The drop is [...]
- Global| Jul 11 2008
OECD LEIs Getting Ever Weaker…
The OECD cyclically adjusted leading indicators are pointing severely lower. Japan continues to point to recovery in the LEI scheme of the OPED, yet many Japanese domestic indicators continue to unravel such as its consumer confidence [...]
- Global| Jul 10 2008
Europe is Taking a Turn for the Worse…
Industrial output in the Euro Area is now in a clear downturn, judging from the trends in the Zone’s main economies. For a while, as the euro rose in value, it seemed as though the Euro Area was bullet-proof. German industrial [...]
- Global| Jul 09 2008
Euro-Growth is a Tick Weaker in 2008-Q1
Euro Area GDP grew by 0.7 percent (simple Q/Q rate; also 2.9% saar) in the first quarter from the fourth quarter, and was up 2.1 percent year on year. The figures show a downward revision to provisional figures reported on June 3. [...]
- Global| Jul 08 2008
German Industrial Output Now Points Clearly Lower – All Sectors Soften
The weakness in German industrial output is spreading and cumulating. Consumer goods output is off by 4% Yr/Yr a strong drop for an inflation adjusted series. Capital goods and intermediates goods output are still up Yr/Yr but are [...]
- Global| Jul 07 2008
UK IP Trends Turn Lower
UK IP is now lower in two of the past three months. The three-month moving average has turned negative. Weakness in the industrial economy is now spreading and deepening. The consumer sector is leading the weakness. Consumer durable [...]
- Global| Jul 03 2008
Service Sectors Are Weakening Across Europe
The service sector is eroding across Europe. France had resisted deterioration for some time but in recent months the French reading has dropped sharply. Spain and the UK have the weakest readings since this index was instituted on a [...]
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