Global markets cheered as China's manufacturing PMI registered positive growth in March for the first time since October of last year. Still, the reading is weak and a bare-bones positive at 50.5. Ranking the headline diffusion index [...]
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 01 2019China's Manufacturing PMI Rebounds to Register Growth
- Global| Mar 29 2019
German Sales Rebound in the Context of a Slowing Trend and Global Malaise
Germany's retail sales unexpectedly rose sharply in February after a solid rebound in January. Year-over-year retail sales rise by 5.5% and they are rising at a 7.7% annual rate in the quarter-to-date. Real retail sales also have a [...]
- Global| Mar 28 2019
EMU Indexes –Still at Solid Levels- Slip Again
The EU Commission Index for the EMU fell to a steeper-than-expected 105.5 in March from 106.2 in February. The fall takes the headline index down to a 69.9 percentile queue standing among its historic results, a moderate but firm [...]
- Global| Mar 27 2019
Canada Posts Second Largest Trade Deficit Ever
The stalactites on the chart tell a tale of Canada flirting with some very large deficits for some time, through 2016 and into 2017. After a short hiatus, the deficit erosion seems to be back. While exports and imports both rose in [...]
- Global| Mar 26 2019
Germany's Consumer Confidence Is Set to Slip
The GfK German consumer confidence reading is lower in April at a level of 10.4, down from 10.7 in March. The drop marks the second monthly drop in a row. The level of the reading in April is the weakest since December 2018. GfK is a [...]
- Global| Mar 25 2019
IFO Gain Turns Bund Yield Positive But It Won't Turn Lead Into Gold
The IFO diffusion index for March is unchanged. But the current conditions index rose to 29 from 27.3 while the expectations index slid to -9.8 from -8.5. And that mixed and thin gruel was enough for markets to boost the 10-year bund [...]
- Global| Mar 22 2019
EMU PMIs Take Grim Turn for the Worse
If there is a silver lining to the severe weakness in EMU and German manufacturing as exhibited by the Markit flash PMI readings for March, it is that the transmission of weakness to services has been blunted. The chart shows that [...]
- Global| Mar 21 2019
Canadian Growth: Headed for the Big Sleep or Just Dozing?
Canada, like much of the global economy, is showing sales weakness across sectors with its most topical three-month and six-month sales growth rates by sector showing declines. Manufacturing shipments, retail sales - both overall and [...]
- Global| Mar 20 2019
German PPI Falls and the Trend Continues to Deteriorate
While conservative central bankers (pardon the redundancy) continue to worry about the prospect for inflation to surge, global inflation reports continue to undershoot these fears. The latest example of this is in Germany where PPI [...]
- Global| Mar 19 2019
ZEW's Global Assessments Remain Weak
ZEW survey expectations curled higher this month but continued to stake out very weak readings. The average ZEW expectation change (unweighted) for the seven countries/regions in the table is a rise of 9.6 points. Even so, the average [...]
- Global| Mar 18 2019
EMU Trade Surplus Expands on Weak Import Rise
In the EMU, both import and export gains were modest in January. Imports rose by just 0.3% while exports gained 0.8%, expanding the monthly surplus in January to 17.04 billion euros from 16.02 billion euros in December. The surplus [...]
- Global| Mar 15 2019
EMU Inflation Trends Are Still Weak
Headline: The EMU HICP for February gained 0.1%, the same as in January, after a 0.2% decline in December. These price trends signal that moderation remains the name of the game. Inflation is decelerating from an already modest 1.5% [...]
- of362Go to 119 page