The news this month for the EU/EMU region is bad. The EU reading is in the bottom 10% of its range of value. The EMU reading is a bit better, in the bottom 17% of its range. Both are quite weak. The drop in the index is the largest [...]
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 30 2008EU Indices Are Scraping Low Levels: It Will Get Worse…
- Global| Oct 29 2008
Japan’s Industrial Output Recoups Some of Loss
Japan’s IP fell sharply by 3.5% in August, but it has made a substantial rebound in September. Still the trends for IP all are lower, as the sequential growth rates in the table below show. The rebounds by sector in September are only [...]
- Global| Oct 27 2008
Money Supply Growth Stabilizes
Europes money supply growth and credit growth do not show signs of further slowing in September. Growth is slower that it has been over the past 12months but 3-month growth rates are about the same or a bit higher than 6-month rates [...]
- Global| Oct 24 2008
Europe's PMIs Are Weak- Showing Contraction!
Europe’s PMIs are now weak. They are at or near the lows we have seen since the services PMI was issued in July of 1998. Both service sand MFG PMIs are below their respective neutral readings of 50 and are thus indicating CONTRACTION. [...]
- Global| Oct 23 2008
European Orders Head Sharply Lower In August
Industrial orders in the e-zone fell by a relatively sharp 1.2% in August. Still there has been enough strength recently for the 3-mo growth rate of e-Zone orders to stand at a positive 5.3%. Over six months and 12-months orders are [...]
- Global| Oct 22 2008
Italy’s Consumer Confidence and Retail Sales Trends Continue to Drop
Italy’s consumer sentiment trend and retail sales trends continue to show each other the way lower. While some speak disparagingly about consumer surveys, it is clear that the consumer’s habits are bang in line with what the consumer [...]
- Global| Oct 20 2008
French Orders Continue to Slide Sharply
French order performance and trends are clear and are clearly negative. The momentum is not as clearly building a head of steam as in some countries, however. But, on the other hand, all recent views of order trends are lower at some [...]
- Global| Oct 20 2008
German PPI Pressure Still Lingers
Consumer goods inflation has broken lower in Germany. But for capital goods and intermediate goods, inflation forces are lingering. Headline PPI inflation has spurted by 7.8% over three months, a far cry from the 2% limit on consumer [...]
- Global| Oct 17 2008
Italy New Orders
Italian orders have fallen in August after several months of gains. Foreign orders are much weaker than domestic orders in Italy. Foreign orders have dropped in six of the past seven months. Domestic orders are down in just two of [...]
- Global| Oct 17 2008
Japan’s Service Sector Index Gets Erratic
The tertiary index fell in August after two months of stability. The Yr/Yr percentage change in the index is hovering in negative territory and has just taken a weaker position with this report. The index is still in the top 10% of [...]
- Global| Oct 16 2008
German Firms Cut Back Their Assessment and Expectations
The German Chamber of Industry and Commerce survey (DIHK) shows a steady if not rapid deterioration in the current assessment and in the expectations for the period ahead. Economic conditions slipped from a reading of +24 in Q2 to +17 [...]
- Global| Oct 16 2008
US IP Plunges in September and Plummets in the Quarter
US industrial output, an index of real output, is off by 2.8% in September but the drop is exaggerated by the impact of two hurricanes and a job action at aircraft manufacturer Boeing. The Federal Reserve Board reported that the [...]
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