PPI developments once again underscore that inflation pressure is not building in the EMU. Mario Draghi is getting progressively more concerned about the European situation and condition. Draghi's term is coming to an end and he is [...]
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| Jul 26 2019EMU Member PPI Trends...and the U.K.
- Global| Jul 25 2019
German IFO Gauge Sinks
The IFO climate gauge has fallen to its weakest reading since July 2013. On the two ranking columns in the table, we see it has the lowest reading since January 2015, but it has a much less weak if still equivocal reading with a near- [...]
- Global| Jul 24 2019
EMU 'Flash' PMIs Show Deepening Manufacturing Weakness
In manufacturing growth is hanging on by its fingernails or has already lost its purchase to decline. Private sector PMI raw diffusion gauges are below the value of 52 across the board. Ranked on data back to January 2015, the HIGHEST [...]
- Global| Jul 23 2019
U.K. CBI Survey-Weaker with Improved Outlook at Least on Paper; Reality May Be Grimmer Than It Seems
A plunge in orders vs. a slight uptick in expected output ahead Note that sustained divergences between these two series simply do not exist. Boris 'Hard-Brexit' Johnson, the new leader of the Conservative Party, will be the new Prime [...]
- Global| Jul 22 2019
Canada's Sector Sales Show Weakness in May But Demonstrate Improvement More Broadly
With the release of wholesale sales, we can look at and compare Canadian sector growth rates. Manufacturing sales were up strongly in May, but overall retailing, retail ex-autos and wholesale sales all declined. Wholesale sales fell [...]
- Global| Jul 19 2019
EMU Trade and Current Account Surplus Rise As Trade Flows Ease
The EMU current account and trade accounts widened as merchandise exports rose and imports contracted. Services account income flows rose to create a larger net inflow while current transfers and outflow item diminished. Both accounts [...]
- Global| Jul 18 2019
Japan's Trade Deficit Narrows; The Impact of a Trade War Lurks
Japan sits in a position where it risks being collateral damage in a U.S.-China trade war. It could also be a beneficiary, but that seems less likely. As the trade war ‘disrupts' supply chains that run through China, a number of firms [...]
- Global| Jul 17 2019
European Vehicle Registrations Remain Subdued
The slowdown in European vehicle registrations continues. June marks the second monthly decline in registrations in a row with a 7.9% drop. While shorter term growth rates are positive, the year-on-year pace is -6.2%. On three-month [...]
- Global| Jul 16 2019
ZEW Experts' Assessments Dim
The ZEW experts' macroeconomic current assessment in July has been cut for the euro area, Germany, Japan, and the United Kingdom. The U.S. outlook stepped up in July while the weak outlook for Italy improved and the negative outlook [...]
- Global| Jul 15 2019
Ireland Posts a Larger Trade Surplus
Irish exports and imports both have decelerated sharply from their respective paces of early-2018. Both have posted relatively recent year-on-year growth rates that have dipped below zero. However, as of May, it is exports where [...]
- Global| Jul 12 2019
EMU IP Is Surprisingly Strong
EMU industrial production jumped in May. After falling for straight four months, EMU IP jumped in January 2019, then was flat in February, fell for two more months in a row, and now it is up by 0.9% month-to-month logging only its [...]
- Global| Jul 11 2019
EMU Inflation: Is It Easing or Is It in a Jagged Uptrend?
The chart makes the point best on the problem of how to interpret the trends for inflation in the largest EMU nations. Going back to 2014 or 2016, we find inflation has been rising across all the countries in the chart. From about [...]
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