The RICs survey presents as its metric a net balance reading as surveys respond by saying house prices are higher or lower. Both series show a larger progressive trend lower that is represented by sequentially lower peaks in 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 13 2007RICS House Prices Sag Badly
- Global| Dec 12 2007
Japan’s Exports Continue to Outpace Imports
Japans exports and imports each show generally declining trends. Imports are up by just 4.4% year/year while exports are advancing at a pace of 11.4%. Japan’s services deficit is shrinking. Its good surplus and current account surplus [...]
- Global| Dec 11 2007
Economy Watchers Index Drops Sharply in Japan
Japan’s economy watchers index is very weak. The future index is in the bottom 10 percent of its five year range. The current index and the employment reading are in about the bottom 15th percentile of their respective ranges. The [...]
- Global| Dec 11 2007
Machinery Orders in Japan Grow but Core Orders Still Struggle
Overall Japan orders are up sharply in October at 18.7% and core orders are up a strong 12.7%. But over three months overall orders are a strong +29.1% while core orders are off at a 14.5% pace. Over the past 12 months core orders are [...]
- Global| Dec 10 2007
German IP Trends Caught in Cross Currents
German IP edged lower in October in the face of a spurt in orders for the month that was dominated by bulk orders. Still with the -0.3% October result German IP is entering the new quarter on an up note. Q/Q calculations are concerned [...]
- Global| Dec 10 2007
OECD LEIs Are Sagging
The MAIN OECD LEIs (leading economic Indicators, trend adjusted) are dropping at a faster pace over the recent three months. Japan’s drop is the sharpest. The OECD itself pushes emphasis on the 6-month changes in these indexes. On [...]
- Global| Dec 10 2007
French IP Jumps in October
Industrial production in France was up strongly in October showing a rise of 2.1%. In the past three months overall output is up but without any real strong sector leadership. Auto sales are up strongly in October. In the quarter to [...]
- Global| Dec 06 2007
German Orders JUMP!
German orders jumped in October rising by 4% after an upward revised drop of 1.6% in Sept. The gain saw the domestic orders component rise by 2.7% as foreign orders rose by 5%. Foreign orders are now rising at a 33% pace over three [...]
- Global| Dec 05 2007
UK Service Sector Index Falls Sharply Again and May Be Signaling That More Losses Lie Ahead
The UK services PMI from NTC is falling sharply. It dropped sharply in October and again in November. Among the three key PMI sectors, manufacturing, construction and services, the services index has the weakest reading as it resides [...]
- Global| Dec 05 2007
EMU/EU Retail Sales Enthusiasm is Cut Short…
Retails sales trends in EMU/EU countries that seemed like they might have been acquiring some life have turned lower in October. As the first month in a new quarter, the October readings afford us an early look at the speed of sales [...]
- Global| Dec 04 2007
UK Sector Downdraft Still Seems to be in Play Waiting for the New Services Numbers, However ...
The NTC sector indexes for the UK show that all three main sectors have been losing traction. The new services sector observation is not yet released so the table below reflects changes through October. But for MFG and Construction [...]
- Global| Dec 04 2007
Uh, oh and Away …PPI Sails Well Above 2% Pace
The EMU ex construction PPI chart shows a clear pattern of acceleration. The PPI (excluding construction) has a 3-month rate in excess of its six-month pace that is, in turn, above the Yr/Yr pace. That is acceleration by definition. [...]
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