Canadian headline and core inflation both end April either at the 2% mark or above the 2% mark. The CPI-X lags with a 1.5% pace year-over-year. So has the bank of Canada hit its target or not? For Canada, that is more a matter of [...]
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| May 15 2019Canada and G7 Inflation Pressures
- Global| May 14 2019
ZEW Global Expectations Are Set Back
ZEW macro-indicators of current conditions show some strengthening month-to-month. However, only the U.S. has a queue standings anything close to strong (in the 80th percentile). Japan has a firm standing in its 75th percentile with [...]
- Global| May 13 2019
OECD Leading Economic Indicators Demonstrate Growing Weakness
The OECD LEIs are adjusted in such a way that both the change and level give the individual series meaning. Levels below 100 indicate subpar growth and declines also point to weakening conditions. The OECD prefers to look at index [...]
- Global| May 10 2019
EMU Large Member IP Trends Align As Trade-War Clouds Gather
Among eleven of the longest term EMU members, there is always going to be some divergence. The large economy trends continue to show that they are in alignment while the broader community demonstrates some disparity and yet also seems [...]
- Global| May 09 2019
Japan's Consumer Confidence and the 'New Normal'
The chart mixes quarterly frequency data (dots) with monthly data (line) Japan's consumer confidence ticked down to 40.4 in April from 40.5 in March. In doing so, the index reached a point weaker than what it has seen over three [...]
- Global| May 08 2019
Germany: False Hopes from IP? Or a Turnaround in Progress?
Germany's industrial production has sprung into action with a strong March reading but without much in the way of support from other industrial indicators. The weight of evidence from German manufacturing and industrial indicators is [...]
- Global| May 07 2019
German Orders Mount a Weak Rebound
Germany's real orders continue to run weak. Orders rose by 0.6% in March, a weak rebound from a 4% decline in February and a 2.1% drop in January. Foreign orders gained a solid 4.2% (still unimpressive in the wake of a 5.8% February [...]
- Global| May 06 2019
EMU Retail Sales Go Flat in March, Still Carry Momentum
Retail sales volumes in the EMU are slightly elevated but remain on a moderate growth path after going flat month-to-month in March. Sales volume is up by 1.8% over 12 months, accelerating over six months and accelerating also over [...]
- Global| May 03 2019
Internal EMU Inflation Trends Go Awry
Since the EMU formation, Germany has been the low inflation country. Germany as the largest economy in the EMU gets the greatest weight in setting EMU macroeconomic data, including the HICP, for just that reason. In the past ‘most’ [...]
- Global| May 02 2019
Asian PMIs Remain Weak in a Weak Global Economy
Asia: still weak after all these years The Asian PMIs show weakening monthly performance from four of nine reporters with one (Japan) improving albeit showing manufacturing contraction (PMI raw score below 50). Japan is the lone [...]
- Global| May 01 2019
U.K. Manufacturing Sector Slows
The U.K. manufacturing PMI from Markit falls to 53.1 in April from 55.1 in March. Interestingly, the averages of the various industrial gauges in the table show degradation from their respective 12-month averages to their six-month [...]
- Global| Apr 30 2019
The Great EMU Deceleration Ends?
Year-over-year GDP growth had decelerated in five consecutive quarters until the Q1 2019 release. And even in 2019, it is not posting a trend-stopping rise, but rather a rate of growth equal to that in the previous quarter when [...]
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