The Bank of England makes monetary policy off the CPIH, which is the CPI measure inclusive of a measure of housing costs. This measure puts the U.K. on the same footing as the U.S. with its inflation measures and is unlike the EMU [...]
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 22 2019U.K. Inflation Kicks Up
- Global| May 21 2019
U.K. CBI Metrics Go South
The CBI orders fell sharply in May and were last weaker in October 2016. That observation is an outlier. But from October 2015 through April 2016, orders were persistently weaker than their current reading. Export orders fell more [...]
- Global| May 20 2019
Japan's GDP an Upside Surprise
Japan's real GDP was expected to shrink in Q1 2019 but managed to post a solid expansion instead. A progression of slowing GDP growth rates saw GDP kick back up in Q1 2019, logging a gain at a 2.1% annualized rate in the quarter and a [...]
- Global| May 17 2019
EMU Inflation Shows Some Pressure; Germany Shows Even More...
Every picture tells a story was we well know. And it is said that a picture can be worth a thousand words (sometimes more). In that vein (although I will not stop writing), the chart speaks very loudly and carries some unusual [...]
- Global| May 16 2019
EMU Trade Surplus Withers
The European Monetary Area logged a smaller trade surplus in March as it fell to 17.9 billion euros from 20.6 billion euros in February. One year ago, the surplus stood at 20.6 billion euros. Exports slowed to a 0.9% gain month-to- [...]
- Global| May 15 2019
Canada and G7 Inflation Pressures
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 [...]
- 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 [...]
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