Still an exceptionally strong report The IFO continues to show exceptionally strong readings. This month's Markit diffusion report also produced news of more strength in the industrial sector although the German services sector [...]
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| Aug 25 2017IFO Tips Back from the Heights
- Global| Aug 25 2017
Durable Goods Orders Ride the Wild Monthly Roller Coaster to Nowhere; Moderate Expansion Continues Under the Thin [...]
U.S. durable goods order plunged 6.8% in July, more than offsetting their 6.4% surge in June. Excluding transportation orders gained pace, rising by 0.5% in the month after gaining a thin 0.1% in June. Orders (ex-transportation) are [...]
- Global| Aug 24 2017
INSEE Industry Indicator Reaches Near Decade High
The French industry climate gauge at 111.3 in August is up from 108.1 in July and at its highest reading since December 2007, logging its highest reading in nearly a decade. The industrial climate gauge standing is in the 77th [...]
- Global| Aug 23 2017
EMU PMI Ticks Higher As Manufacturing and Services Diverge
In the EMU, manufacturing carries the day to move the sticks higher for the overall PMI gain as the service sector reading steps backward in August. The EMU manufacturing gauge gained 0.8 points in August while the services gauge lost [...]
- Global| Aug 22 2017
FHFA U.S. Home Prices Tick Higher in June
The FHFA home price tracker is put together a bit more scientifically than the NAR existing home price index. Still, over broad periods, the two indexes track relatively well. Over short periods, they can be quite different. The NAR [...]
- Global| Aug 22 2017
German and Other Expectations Are Capped and Contained
The current economic situation in Germany and for most of the countries in the table continues to improve as expectations are being capped or set back in August. The current situation in the euro area advanced by 10 points month-to- [...]
- Global| Aug 22 2017
EMU Trade Surplus Bounces to Six-Month High
A sharp drop in imports pushed the EMU trade surplus to a six-month high. The trade surplus rose to 22.3 billion euros in June from 19.0 billion euros in May, to its strongest point since logging a surplus of 23.0 billion euros in [...]
- Global| Aug 21 2017
Japan's All-Industry Index Bounces Back in June
Japan's three main sectors industry (manufacturing), construction and tertiary (services) all show ongoing progress in June if not month-to-month, then in terms of trend. The chart on the left shows the indexes plotted in level [...]
- Global| Aug 18 2017
German PPI Inflation Downshifts
In the short term, much of what happens to PPI inflation is determined by oil prices as the chart (on the left) reminds us. However, the mapping is not one-to-one and is not without its lags. Still, it is clear that recent hiatus in [...]
- Global| Aug 16 2017
European GDP...Breaking Good
GDP growth strengthens in Europe. Not only is GDP growth strengthening for the EMU as a whole, the sense of firming growth is spreading within the community. Better...but is 'better' good enough? EMU growth is up to 2.5% annualized [...]
- Global| Aug 15 2017
U.K. Inflation in the Quandary Zone
The Brexit vote has thrown the U.K. economy into a tizzy as everyone is well aware. And while the government will have to conduct the actual exit negotiations, nowhere has dealing with Brexit and its new and yet unknown realities [...]
- Global| Aug 14 2017
EMU IP Continues to Grow Despite Monthly Setback
Euro area industrial production fell in June, marking its first decline since February. Output fell by 0.6%, unwinding about half of its May gain of 1.2%. There were monthly declines in a three major sectors as well as in both [...]
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