Spain's trade deficit on goods transactions fell into a smaller deficit in June at -0.9 billion euros compared to -3.1 billion euros in June. Exports have had a pick-up in recent months while imports have languished and advanced at a [...]
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| Aug 21 2019Spain's Trade Deficit Shrinks As Global Growth Sputters
- Global| Aug 20 2019
U.K. Orders: Considerable Recovery But Still Considerable Weakness
U.K. industrial orders, output and pricing show less weakness than the one-month lagged EU Commission metric or the Markit manufacturing metric. But ranked over a shorter span, since 2015, the U.K. data appear extremely weak and they [...]
- Global| Aug 19 2019
Japan's Trade Deficit Remains as Exports Sag
Japan's trade deficit came in at 127 billion yen in July, an enlargement from the 34 billion yen in June. Neither nominal exports nor imports show any clear patterns in the changes over 12 months, six months and three months. Nominal [...]
- Global| Aug 15 2019
U.K. Retail Sales Continue to Stand Up
Despite the risks, U.K. retail sales continue to expand Despite ongoing concerns over Brexit, a plunging pound sterling, and inflation that has risen above the BOE target, U.K. retail spending is holding up. There has even been some [...]
- Global| Aug 14 2019
A Global Economy Beyond the Repair of Crazy Glue
It starts with weak IP in Europe Industrial output in the EMU area has lost its way, falling by 1.6% in June, at a -5.2% annualized rate over three months and -2.4% over 12 months. It does manage a small (0.4% annualized) gain over [...]
- Global| Aug 13 2019
ZEW Momentum Shows Uniform Weakness
ZEW experts' macroeconomic expectations are being cut sharply again. This time the cut is from a much lower point (see Chart). The entire survey is a study in weakness as the table below shows. Its labeling is based upon month-to- [...]
- Global| Aug 12 2019
Prices Drop in Portugal...Is It the Canary in the Coal Mine?
Portugal is not typically one of the low inflation countries in the EMU. That makes its 1.2% price drop in July and its year-on-year drop of 0.7% all the more striking. Compared to early members, Portugal ranks as the country with the [...]
- Global| Aug 09 2019
U.K. GDP Contracts as Brexit Beckons
As the date for Brexit approaches, the impact from the collision has preceded its arrival! GDP, unexpectedly, has fallen in Q2. Newly minted PM Boris Johnson has said that preparing for a hard Brexit is his top priority. Preparation [...]
- Global| Aug 08 2019
OECD LEIs Continue to Decay
All of the OECD groups show declines in June and for the six months ended in June…all show declines for the previous six months as well. It is a well-flagged entrenched slowdown. For data by country, all ten in the table show LEI [...]
- Global| Aug 07 2019
German IP Drops Again
In June, German manufacturing output declined on all fronts. Consumer goods output declined. Intermediate goods output declined. The output of capital goods declined. It makes you nostalgic for the good only days, like yesterday, when [...]
- Global| Aug 06 2019
German Orders Break Out of Their Torpor for One Month; Hold the Confetti
German orders jumped for joy in June, tempering a period of order weakness and declines. The rise is all on the back of 'foreign orders' that spurted by 5% one month after a 3.9% decline. That fact may temper any enthusiasm by itself. [...]
- Global| Aug 01 2019
PMIs Show Preponderant Weakness and Reveal Risks
The manufacturing PMIs show a great deal of weakness. The quarterly data show clear weakness as the percentage of countries with diffusion readings improving (momentum improving…) is 26% or less over three months, six months and 12 [...]
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