European car registrations fell sharply in April with a 7.1% drop, marking their second drop in the last three months for what is intrinsically a volatile series. Sequential growth rates, comparing 12-month to six-month to three-month [...]
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 17 2018European Car Registrations Drop Sharply in April
EMU core and headline inflation rates continue to grow at rates that are at a significant discount to their objective (which is just a bit below 2%). Headline inflation grew by 0.3% in April, but the core only rose by 0.1%. Still, [...]
Inventories, whose growth had outpaced sales in previous months, were back to zero growth in March. Meanwhile, the pace of sales overall held at a 0.5% gain in March, the same pace as in February. Over three months we see that the [...]
- Global| May 15 2018
EMU Growth Slows in Q1
EMU growth finalizes on a weak note with quarterly growth up at a 1.6% annual rate and year-on-year growth up by 2.5%. That 2.5% mark is still good enough to rank year-on-year EMU growth in the top 18% of all growth rates posted since [...]
- Global| May 14 2018
Bank of France Business Survey Sags in April
The Bank of France business indicator continues to decline as it fell to 102 in April from 102.6 in March. The Bank of France used this survey to conclude that France's economy is set to expand at a steady pace of 0.3% in the second [...]
- Global| May 11 2018
Is Inflation the Mouse that Roared?
Concerns about inflation have central banks jumping through hoops. At even the squeak of inflation, central bank policymakers huddle and make plans to become more aggressive. But for every squeak from inflation, recently there has [...]
- Global| May 10 2018
Japan’s Economy Watchers Index Improves But Still Shows Sector Shrinkage
Japan’s economy watchers index, while improving, continues to hover below the neutral reading of 50 with a reading of 49.0 in April. As such, the index continues to indicate contraction. Despite the gain, the economy watchers April [...]
- Global| May 09 2018
EMU Members Show IP Rebound Amid Weakening Trends
Manufacturing industrial output among eight early reporting EMU members (plus Sweden and Norway) showed only two declines in the group in March. IP edged lower by 0.1% in the Netherlands and Norway. Everywhere else in the table there [...]
- Global| May 08 2018
Germany Logs Its Fifth Largest Trade Surplus Ever As Exports Recover
German exports reversed a three-month slide to a 1.7% rise in March. Still, German exports are ‘not out of the woods.’ They have fallen month to month is five of the last seven months. The chart shows that exports are having a weak [...]
- Global| May 07 2018
German Orders Contract Again on Foreign Order Weakness
Germany's inflation adjusted orders jumped in December of last year but they were not off to the races. That gain fully unwound and then some the very next month with further declines logged in February and March. The third straight [...]
- Global| May 04 2018
The OECD and EMU Growth and Inflation Scene
OECD inflation has been rising, but it recently has stabilized. The pace of OECD inflation is at 2.3% having peaked at 2.5% in February 2017. The core rate of inflation is creeping higher and is up to 2% in March; that’s an [...]
- Global| May 03 2018
EMU Inflation Remains Astonishingly Muted; What Does That Tell Us?
The chart tells the tortured story of recent EMU inflation trends. Inflation remained low in the wake of the financial crisis and then the EMU area transitioned into a period with sporadic deflation. After mid 2016 it broke away from [...]
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