The year-on-year growth rates of money and credit in the EMU (loans to the private sector) show a leveling off of money growth at the 4.5% to 5% mark with recent growth perhaps creeping up at a pace of 1 to 1.5%. Mario Draghi has [...]
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| Jun 27 2017Italian Confidence Rebounds in June
Italian consumer and business confidence rose in June. Business confidence reverses the decline of last month but still leaves the June reading below the level of April, but just ahead of March. Consumer confidence for June also rose [...]
- Global| Jun 26 2017
German IFO Gauge Shows Strong Ongoing Growth
The IFO ordinary indexes (see Chart) continue to climb in June. The ordinary IFO indexes (not the diffusion indexes) are at their highest marks since January 1991 for both the headline and the current index. The expectation index has [...]
- Global| Jun 22 2017
Pull Back in French Total Business Climate
Climate backs off in month as year-on-year gains continue their small pick up The French industrial climate gauge backtracked slightly to 108.4 in June from 108.8 in May. The rank or queue standing of the index falls into its 78th [...]
- Global| Jun 21 2017
Sharp Rise in Japan's Sector Indices is Led by Construction
Japan's sector indices from METI show gains across the board led by a huge rise in Construction. The construction index jumped by 8.1 points in April the largest month-to-month gain in the history of the series that goes back to early [...]
- Global| Jun 20 2017
German PPI Backtracks in May as Oil Falls to 7-month Low in "Real Time"
Virtually all major swings on this time line in the German PPI are caused by swings in oil prices. But now Brent is falling. In the most topical daily data venue Brent has hit a 7-month low in price. An oil glut is eviscerating OPEC. [...]
- Global| Jun 19 2017
Japan's Trade Surplus Levels Off
Japan's trade surplus continues to putter along in a show draft instead of rising as had been expected in May. Japan's exports were flat while imports advanced by 0.3%. Exports show a steady trend of deceleration with growth of 12.2% [...]
- Global| Jun 16 2017
Car Registrations Bounce Back in May; But What About Everything Else?
In Europe, both car registrations and retail sales are engaged in a long post-recession rebound. Both recoveries seem to be in train. Car registrations jumped by 13.4% in May reversing a sharp 8.7% drop in April. Sequential growth [...]
- Global| Jun 15 2017
EMU Trade Surplus Is Getting Erratically Lower As Trade Flows Slow
The EMU trade surplus contracted significantly in April to 19.6 billion euros from 22.2 billion euros. Still, the year-over-year shrinkage is small. The balance of trade for the manufactured goods surplus fell by 5 billion euros [...]
- Global| Jun 14 2017
IP Gains But EMU PMI Points to Even Stronger Gains
Industrial output in the EMU gained 0.5% in April after a 0.2% increase in March. Sequential growth rates show growth and do not signal any new growth trend. But in the quarter-to-date, IP (IP excluding construction) is advancing at a [...]
- Global| Jun 13 2017
ZEW Survey for June Show Stronger Germany, EMU, Japan and France; Outlook Is Less Buoyant
The way things are... The ZEW survey shows that the current rated economic situations in June improved everywhere except in the U.S. and the U.K. The absolute readings still show negative readings for Italy and France despite their [...]
- Global| Jun 12 2017
Japan's PPI Declines in May
Over the last 10 years, Japan's PPI has had a nice tracking relationship with Japan's CPI. Of course, the PPI is more volatile than CPI inflation, with PPI inflation rising faster than CPI inflation when inflation is rising and [...]
- of355Go to 148 page