Suddenly, the euro area is in turmoil. At the turn of the year, just about every investment manager was touting Europe as the place to be: give your portfolio a European vacation! There would be recovery. It already was looking [...]
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 29 2018EMU Money and Credit Growth Remain Weak As 'Success' Stalks EMU
Money and credit growth in the EMU area remain weak. There is a slight firming to trends in April but I emphasize the word 'slight.' There is no trend change and nothing to stoke new hopes or confidences. With the Italian crisis [...]
- Global| May 25 2018
Step Back for German IFO Gauge
The IFO business climate gauge fell by 0.5% in May, marking two straight months of decline. However, the current conditions index continued to plow ahead as it has for many months signaling ongoing growth and expansion in the German [...]
- Global| May 24 2018
French Surveys Show Tilt to Weakness
The INSEE manufacturing survey shows a steady reading for industry climate in May. The index fell in March and again in April. And now, in May, it has stabilized at this lower level. Still, the trend shows a loss of momentum. The [...]
- Global| May 23 2018
EMU: PMIs Continue to Drop- Is Recovery Past Its Peak Pace?
The chart of the PMI values is very telling and disturbing. With this month’s drop, the tail off in the PMIs is quite clear and the run up now looks like it was a flash-in-the-pan. Manufacturing’s PMI certainly ran up to a peak and [...]
- Global| May 22 2018
U.K. Industrial Survey Backs Down But Still Shows Firm Responses
U.K. orders backed off from their recent high levels but continue to offer up a relatively strong outlook. The rest of the survey remains substantially upbeat from a business standpoint. The Confederation of British Industry (CBI) [...]
- Global| May 21 2018
Japan's Trade Surplus Widens; Largest Surplus in 14 Months
Japan's current account surplus rose to 550 billion yen in April from 170 billion yen in March. The surplus is the largest in 14 months. Nominal exports rose by 4.6% reversing decline for the month while imports posted their second [...]
- Global| May 18 2018
EMU Trade Flows Remain in Broad Slowdown As Surplus Expands
The euro area trade surplus expanded to 21.24 billion euros in March from 20.93 billion euros in February. Exports rose by 0.8% in the month while imports rose by 0.7%. However, over three months, both exports and imports are falling. [...]
- Global| May 17 2018
European Car Registrations Drop Sharply in April
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 [...]
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 [...]
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