The EMU current account and trade surpluses contracted in October with the current account falling to 30.8 billion euros from 39.15 billion euros and the trade surplus falling to 19.0 billion euros from 24.5 billion euros. The balance [...]
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 20 2017EMU Current Account Surplus Shifts Lower
- Global| Dec 19 2017
Surprising Drop in German IFO Survey- As the World Churns
According to an old expression, 'trees do not grow to the sky.' In that spirit, it can't be 'surprising' that despite strong growth and solid improving conditions in the German economy, the IFO index stepped back this month. Only [...]
- Global| Dec 18 2017
EMU Inflation Is Still Too Low
Central banks have fallen into particular groups according to the environment in which they make policy. The European Central Bank and the Federal Reserve are in one group. That group faces ongoing and perhaps accelerating economic [...]
- Global| Dec 15 2017
Japan's Tankan Improves to Tie Second Best Reading Since 2003
The bellwether in Japan's Tankan report is the performance of large manufacturing firms. Japan's large manufacturers pushed the outer edge of the envelope to score the second highest reading since the quarterly survey began in 2003 [...]
- Global| Dec 14 2017
Highest EMU and German PMI Readings Since 2011
Both sectors are rising but manufacturing is clearly on a tear The Markit PMIs are strong again as all headline and sector readings in the table are in the top 10% of the group of readings released since January 2012. Headline, goods, [...]
- Global| Dec 13 2017
EMU IP Gains in October after Drop
The September decline in EMU industrial production was a stumble not a lasting problem. In October, IP is back in the plus column and since the September drop came on the heels of a strong 1.5% August rise, EMU IP continues to trend [...]
- Global| Dec 12 2017
ZEW Experts See Gradual Improvements and Rising Inflation Risks
The chart is a reasonably good overview of what ZEW economic experts think. For a time, U.S. economic expectations outstripped everyone else - but no more. Over the last few months, in fact, there has been a very slow upgrading in the [...]
- Global| Dec 12 2017
Inflation Hammers Away in the PPI Report, But the PPI Is a Square Peg Report in a Round-Hole World
Core and headline PPI 'Final Demand' inflation are now moving up together. Both series are more or less sequentially. Headline inflation rises from 3% over 12 months to 3.2% over six months to 5.4% over three months. Core inflation [...]
- Global| Dec 11 2017
Italian Retail Sales Fall Sharply -Continuing Pattern of Weak Retail Readings in EMU
Italy's retail sales fell by 1% in October with declines in food and clothing & furniture as well as a sharp pull-back in real retail sales. Italian retail sales show a lot of red ink, indicating sales declines for all categories over [...]
- Global| Dec 08 2017
German Surplus Steps Back As Exports Fall for the Second Month in a Row
German exports and imports are both off their recent peak year-on-year rates of growth. Exports have fallen for two months in a row. Imports are up in October and by more than their drop in September. There is no sequential [...]
- Global| Dec 07 2017
EMU GDP Slows in Quarter
EMU growth rates are now 'finalized' for Q3 2017. There are no negative growth rates among these 'first' EMU members over the last three quarters and the last year-over-year negative growth rate among the group was in Q4 2016 for [...]
- Global| Dec 06 2017
German Orders: Despite Solid/Strong Orders Gain, Is There Trouble Brewing?
Germany now has a real string of order increases in train. There are increases in orders in October after gains in September and August. In addition, both foreign and domestic orders have a string of gains for three consecutive [...]
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