The new FLASH estimate of EMU inflation stands at 3.2% year/year in February 2008 the same pace as in January. Germany's own headline rate rose by 0.2% in February and that is the rate implied by the new 3.2% for all of EMU (no [...]
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| Mar 03 2008Inflation Continues to be too Strong in EMU in February
- Global| Feb 29 2008
Is the ECB Winning or Losing on Inflation?
February has seen a now dollar low VS the Euro, a new high for gold and for other precious metals, as well as repeated new highs for oil prices. In January EMU prices are up by 0.3% with inflation accelerating in its sequential growth [...]
- Global| Feb 29 2008
EU Indexes Point Lower - Across the Board
EU sentiment indexes are also lower year over year. In February the EU/EMU and all large countries' sentiment indexes fell except in Germany where a small bounce was recorded. Conditions in the UK (an EU member not an EMU member) [...]
- Global| Feb 28 2008
Japan Industrial Production is Slipping
Japan’s dip in IP in January is hard to evaluate right now. IP trends are moving lower but the Yr/Yr rate is still steady. The shorter term sequential growth rates, in the table below, show that the recent weakness is an artifact of [...]
- Global| Feb 28 2008
UK Consumer Confidence Drops
The UK economy has dropped and is dropping sharply in early 2008.The index is the weakest it has been in at least 10 years. Over the past 12 months households still rate their own financial situation in the top 80 percentile of its [...]
- Global| Feb 28 2008
French Morale Slips Then Falls Flat. Worst In Over 18 Years
French household confidence is at an all time life-of-series low. Living standards for the past 12 months are rated as the worst of this 18-year period.Expected conditions over the next 12 months are rated in the bottom 3 percent of [...]
- Global| Feb 27 2008
German Ex Energy Export and Import Prices Are Still Falling Yr/Yr
German export and import prices are rising very strongly in January and the three-month growth rates show acceleration. But jettison energy, export and import price trends are a lot steadier, still showing some acceleration in the [...]
- Global| Feb 27 2008
Money and Credit Trend in Euro Area Remain Robust…
The table below shows Euro area money and credit growth comparing it to money growth in several key countries. We also provide data on real balances (inflation-adjusted money and credit). Despite ongoing financial turmoil, here data [...]
- Global| Feb 26 2008
Italy’s Business Morale is Still Sinking
Italy’s Business Confidence Indicator by ISAE is still dropping but not at the sort of speed that we saw in 1998 or in 2000. The downward gradient is steep enough to worry about but not as uncontrolled as in some recent past episodes. [...]
- Global| Feb 25 2008
Italy Retail Sales Trends Continue to Erode
Italy’s retail sales rose in December by a thin 0.1%. The three month advance was at annual rate of 0.4% even below the six month pace of 0.6% and near the Yr/Yr pace of 0.2% - rotten growth rates all. These nominal sales gains [...]
- Global| Feb 22 2008
EMU Flash PMIs are Weak; Especially for Services
EMU PMIs show continued weakness. The EMU PMIs were weak in February. The MFG index fell further while the services barometer, already very weak, edged higher. The MFG index is in the 12th percentile of its range over 24 months. [...]
- Global| Feb 22 2008
Business Climate Edges Lower in France
The INSEE industry climate index fell to 107 from 108. The index stands in the 68th percentile of its range. The recent trend rates a -14 and stands below its midpoint in the 43rd percentile of its range. In the chart we plot the [...]
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