GDP growth surprised on the slow side for 2007Q1 coming in at a pace of 1.3%. The Yr/yr pace slowed, too, to 2.1% a sharp slowdown from 3.1% Y/Y just last quarter. Despite the low growth print of the headline, GDP was anything but [...]
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| Apr 27 2007Can’t Tell a Book - or GDP – by its Cover, or Headline
- Global| Apr 27 2007
Can’t Tell a Book - or GDP – by its Cover, or Headline
GDP growth surprised on the slow side for 2007Q1 coming in at a pace of 1.3%. The Yr/yr pace slowed, too, to 2.1% a sharp slowdown from 3.1% Y/Y just last quarter. Despite the low growth print of the headline, GDP was anything but [...]
- Global| Apr 26 2007
German Export and Import Prices Show Relief
Germany has long been a bastion of inflation fighting. Ever since the post war hyperinflation raged, sapping German spending power, Germans have been alert and vigilant against the rise of inflation. The Bundesbank long was charged [...]
- Global| Apr 26 2007
Kansas City Fed Index Jumps
The tunnel chart on KC production says it all in a nutshell. The index has been weak. In July 2006 the production index sank below its 12-mont moving average and has more or less stayed there. It has been fluctuating sharply in early [...]
- Global| Apr 26 2007
Kansas City Fed Index Jumps
The tunnel chart on KC production says it all in a nutshell. The index has been weak. In July 2006 the production index sank below its 12-mont moving average and has more or less stayed there. It has been fluctuating sharply in early [...]
- Global| Apr 25 2007
U.S. Durable Goods Orders Rise by 3.4% in March
Durable goods orders are up by 3.4% after a rise of 2.4% in February. In most cases this sort of back-to-back gain would set a strong chain of growth in place. Instead, orders are still in a hole following a plunge of 8.8% in January. [...]
- Global| Apr 25 2007
U.S. Durable Goods Orders Rise by 3.4% in March
Durable goods orders are up by 3.4% after a rise of 2.4% in February. In most cases this sort of back-to-back gain would set a strong chain of growth in place. Instead, orders are still in a hole following a plunge of 8.8% in January. [...]
- Global| Apr 24 2007
U.S. Consumer Confidence, Present Situation Drop Off Peak
The story of consumer confidence is that the index is now just one month off its peak reading for this expansion cyclenot exactly the kind of thing to get worried about. The present situation sub-index is also one-month off its peak [...]
Existing home sales fell sharply in March but only after a similar sharp ramping up over the previous two months. The moving average of sales tells a better story falling by only a modest amount in the month. Meanwhile, home prices [...]
Existing home sales fell sharply in March but only after a similar sharp ramping up over the previous two months. The moving average of sales tells a better story falling by only a modest amount in the month. Meanwhile, home prices [...]
- Global| Apr 23 2007
CFNAI - Not Entirely Comforting
The index is not a leading index for activity. It was not even declining ahead of the 1973 recession, for example. But the Chicago Fed sees a different role for this index. On its web site the Chicago Fed says this: The 85 economic [...]
- Global| Apr 23 2007
CFNAI - Not Entirely Comforting
The index is not a leading index for activity. It was not even declining ahead of the 1973 recession, for example. But the Chicago Fed sees a different role for this index. On its web site the Chicago Fed says this: The 85 economic [...]
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