European orders fell by 0.4% in April, less than expected, as bulk orders rose and boosted the headline. And while bulk orders do count they can often blur the trend and mask changes. That is probably the effect right now as [...]
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| Jun 22 2007European Orders Fall by 0.4% in April
- Global| Jun 21 2007
ISAE Consumer Confidence in Italy
Italys consumer confidence fell off after peaking in February 2002. It bottomed in May 2004 and has been on a moderate rising trend ever since. But since March of 2007 a new down trend has developed. The new weakness in Italys [...]
- Global| Jun 21 2007
European Retail Sales
With new figures on retail sales for France and Italy we have a better idea of emerging sales in the Euro area for Q2 2007. With one months data fully out the overall retail volume trend is advancing, even if it is weaker year-over- [...]
- Global| Jun 15 2007
The US Current Account Deficit Rises Slightly in 2007
Private net securities purchases by foreigners continues to be an important part of financing the US current account deficit. Exports have built stronger growth than imports and driven the deficit lower over the past four quarters. [...]
- Global| Jun 13 2007
U.S. Inventory Cycle: At Its End?
The inventory cycle appears to be winding down. Three-month inventory growth rates peaked in July of 2006 and have now decelerated to growth of 1.3% and begun to rise again. Equally as important however, is the upturn in sales. The [...]
- Global| Jun 13 2007
Export and Import Prices Trends Show Growing Pressure
Even for the consumer where excluding food and energy trends have been mild and are not accelerating much of the acceleration in international prices is still there and quite clear. The chart on the left applies consumer price weights [...]
- Global| Jun 13 2007
Quite Simply the Retail Data and Trends Tell the Story
There was a minor upward revision to sales in March. Now in May sales rose by 1.4% and 1.3% excluding motor vehicles. These are strong numbers even when the 3.8% rise in gas station sales is factored out. Virtually all major retail [...]
- Global| Jun 13 2007
Quite Simply the Retail Data and Trends Tell the Story
There was a minor upward revision to sales in March. Now in May sales rose by 1.4% and 1.3% excluding motor vehicles. These are strong numbers even when the 3.8% rise in gas station sales is factored out. Virtually all major retail [...]
- Global| Jun 12 2007
JOLTS Headlines Weaker Than Report Itself Seems…
The JOLTS report quit rate is the most important reading of this varied report that has regional and industry detail as well as national readings. When people are wiling to QUIT the jobs they have it is the best sign of strength in [...]
- Global| Jun 12 2007
NFIB - Small Bounce but Still in Downtrend
The NFIB index is depicted in the chart as being in the grip of a downtrend with a minor uptrend that remains trapped in a bear channel. It is still not close to breaking out of that channel on the upside but it is headed in that [...]
- Global| Jun 12 2007
NFIB - Small Bounce but Still in Downtrend
The NFIB index is depicted in the chart as being in the grip of a downtrend with a minor uptrend that remains trapped in a bear channel. It is still not close to breaking out of that channel on the upside but it is headed in that [...]
- Global| Jun 08 2007
Land of the Setting Sun? Japan’s Surveys Falter Again…
Japans economy watchers survey cycled higher from late 2004 through early 2005. Then it dropped off until picking up to a minor peak in August 2006. From that mini- peak it spread out on a gradual increase until it fell sharply [...]
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