Wholesale inventory trends tell a very positive story. We take out the volatile and special readings from autos and petroleum to look at aggregated stocks and sales trends for all other wholesale classifications. Once done we obtain [...]
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 07 2007U.S. Wholesale Inventories Signal Smoother Sailing
- Global| Jun 07 2007
U.S. Wholesale Inventories Signal Smoother Sailing
Wholesale inventory trends tell a very positive story. We take out the volatile and special readings from autos and petroleum to look at aggregated stocks and sales trends for all other wholesale classifications. Once done we obtain [...]
- Global| Jun 06 2007
Challenger Lay Offs Stay Elevated
The first issue to grapple with in trying to assess the Challenger report is that its data are not seasonally adjusted. At the same time it is clear that this series has seasonal patterns. To get around this we compare the data to the [...]
- Global| Jun 06 2007
U.S. Productivity is Down and Unit Labor Costs are Up
Productivity is trending lower for manufacturing (MFG) as well as overall for nonfarm businesses. The accompanying chart makes the downturn clear. For nonfarm business the erosion seems to date back to mid-2005. For nonfarm [...]
- Global| Jun 06 2007
Productivity is Down and Unit Labor Costs are Up
Productivity is trending lower for manufacturing (MFG) as well as overall for nonfarm businesses. The accompanying chart makes the downturn clear. For nonfarm business the erosion seems to date back to mid-2005. For nonfarm [...]
- Global| Jun 05 2007
Non MFG ISM strength is cycling higher—so are prices
The NonMFG ISM shows that its components are indeed cycling higher. Prices are up strongly. Backlogs while below the neutral value of 50 are nonetheless rising strongly from their six month average. Still, they edged lower in the [...]
- Global| Jun 05 2007
Nonmfg ISM Strength is Cycling Higher - so are Prices
The nonmanufacturing ISM shows that its components are indeed cycling higher. Prices are up strongly. Backlogs while below the neutral value of 50 are nonetheless rising strongly from their six month average. Still, they edged lower [...]
- Global| Jun 05 2007
Nonmfg ISM Strength is Cycling Higher - so are Prices
The nonmanufacturing ISM shows that its components are indeed cycling higher. Prices are up strongly. Backlogs while below the neutral value of 50 are nonetheless rising strongly from their six month average. Still, they edged lower [...]
- Global| May 24 2007
New Home Sales Jump and Prices Dive. Bad News as Good?
New home sales were revised lower in March but still managed to jump sharply to post a much stronger selling rate in April than had been expected. The jump of 16.2% m/m reverses out the weakening trend in housing. Sales are still down [...]
- Global| May 24 2007
U.S. Durable Goods Orders: Rise and Shine, A New Dawn?
Durable goods orders now show signs of growth, shaking off some of the weaker performance from late last year and early 2007. The 0.6% headline marks the third straight month of orders increases. Order backlog growth continues to be [...]
- Global| May 24 2007
U.S. Durable Goods Orders: Rise and Shine: A New Dawn?
Durable goods orders now show signs of growth, shaking off some of the weaker performance from late last year and early 2007. The 0.6% headline marks the third straight month of orders increases. Order backlog growth continues to be [...]
- Global| May 23 2007
U.S. Mass Corporate Layoffs Still Are Subdued
The graph on the left shows layoff trends by events - the number of reported layoff events - through the first quarter. While there is a bit of upward pressure evident in that chart, a good deal of that is purely seasonal. The [...]
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