Germany's factory orders in October rose instead of falling as expected, but the gain was only of 0.3% and it reflected widely different results on domestic vs. international orders. Foreign orders rose by 2.9% in October while [...]
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| Dec 06 2018German Orders Tick Higher in October; Trend Still Weak
- Global| Nov 28 2018
Little Changed in Paths of EMU Money or Credit
Globally, money supplies are decelerating to some extent with nominal M2 growth in the EMU a minor exception. All money growth rates decelerate from three-years to two-years to one-year. Only the U.K. and EMU have stronger growth over [...]
- Global| Nov 27 2018
For the U.K.: A Brexit Christmas
With the U.K.'s Brexit process in its final deal-or-no-deal stages, the Confederation of British Industry survey turned up some retail optimism. However, despite the bump up in the surveyed components in November, the levels of the [...]
- Global| Nov 26 2018
German IFO Shows Slippage in Conditions and Expectations
Both the German manufacturing IFO gauge and the Markit manufacturing gauge show fading trends in Germany. Still, the topical readings range from weak to very strong, depending on the nature of the response. Generally, current [...]
- Global| Nov 21 2018
OECD Warns on Slowing Growth
The OECD has reduced its outlook and it warns of a growth slowdown. The OECD now says this: Growth forecasts for next year have been revised down for most of the world’s major economies. Global GDP is now expected to expand by 3.5% in [...]
- Global| Nov 20 2018
U.K. Industrial Trends Rebound in November But Remain Soft
The U.K. industrial survey from the Confederation of British Industry (CBI) showed total orders rebound to log a gain at a reading of 10 in November after a negative balance of responses at -6 in October. Export orders ‘turned around’ [...]
- Global| Nov 19 2018
Trade and Current Account Trends Decay in EMU
The euro area shows sharp drops in its current account and goods surpluses over three months, six months and 12 months. The current account surplus has dropped to 17 billion euros, a decline of 23 billion euros from its level of 12 [...]
- Global| Nov 16 2018
Germany Leads and Italy Lags on EMU Inflation!
Belgium, Luxembourg, France, and Germany lead the EMU internal inflation parade (in that order). Pulling up the rear are Portugal, Ireland, Italy, and Finland (in that order). The euro area does show some Keynesian tendencies as areas [...]
- Global| Nov 15 2018
U.K. Retail Sales Implode As Theresa May Shops Her Brexit Deal
The world has not come to an end. Nor is it clear that it is an auspicious new post-Brexit beginning. But with a Brexit deal now in hand, the details are trickling out as the ‘rats' desert what they perceive to be a sinking ship. [...]
- Global| Nov 14 2018
Euro Area GDP Slows
EMU GDP growth logs a finalized 0.7% annualized quarterly pace in Q3 2018 while its year-over-rate is cut back to a 1.7% gain from Q2's 2.2%. GDP growth in the EMU has steadily decelerated. The table highlights the slowing down of GDP [...]
- Global| Nov 13 2018
ZEW Experts Cut Assessments and Trim Expectations
The average ZEW assessment of economic conditions slid by five points in November. Economic expectations on average were lower by 3.3 points. Inflation expectations were lower by 6.3 points while short- and long-term rate expectations [...]
- Global| Nov 12 2018
Swing Lower OECD Chariot...Carrying Me Where?
The OECD area shows barely or below normal growth readings (indexes at or below 100) for all countries and regions in the top of Table 1 since June. Six months ago, three countries or regions had readings at or above 100 (the whole of [...]
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