Inflation in the EMU has flared then flagged as the chart demonstrates. Inflation is currently in a cooling mode as oil prices stopped their push up and have actually reversed to show a multi-month period of softness and ongoing [...]
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| Jul 17 2017EMU Inflation As Expected: Flat in June and for How Long?
- Global| Jul 14 2017
EMU Trade Surplus Expands: Is Trade Back on Track? Is It Fair?
The EMU trade surplus rose to 19.7 billion euros in May from 18.6 billion euros in April. That compares to a 12-month average of 20.4 billion euros. The euro surplus has been a political hot potato that Germany is a part of and has [...]
- Global| Jul 13 2017
Japan's Retail Sales Drop in May But Stay on Trend Rise
Japan's retail sales fell by 0.5% in May, only partly negating the strong rise of 1.6% in April. As a result, sales are still strong, rising at a 6.8% annual rate over three months on a seasonally adjusted basis. Japan's sales are up [...]
- Global| Jul 12 2017
EMU IP Moves Higher
Industrial production (headline excluding construction) is showing steady growth in the euro area. IP gained 1.3% in May after a 0.3% rise in April. Manufacturing IP rose by 1.3% after being flat in April. Both headline and [...]
- Global| Jul 11 2017
Italian IP Perks Up
Italy's industrial production gained 0.9% in May, reversing a 0.7% drop in April. IP growth in Italy has been a very steady and solid at 3% or better over 12 months and six months; however, having stepped up to a 5.6% pace over three [...]
- Global| Jul 10 2017
Do OECD LEIs Support the Policies Being Considered by Global Central Banks?; OECD LEIs Show Stability But Not Momentum
In May the overall OECD LEI logs a standing of 100, unchanged from April (and March, February and January). That's a long string of standstill and with the gauges right on top of the neutral standing at 100. These gauges are [...]
- Global| Jul 07 2017
German IP Looks Very Strong; Output Growth Ramps Up
Germany's industrial production is up by 1.2% month-to-month in May after a 0.7% gain in April. The three-month growth rate at 8.5% annualized is a part of a sequential acceleration from 12-month to six-month to three-month. [...]
- Global| Jul 06 2017
German Orders Make Partial Rebound in May
German factory orders gained 1% in May as foreign orders surged by 3.1% against a drop of 1.9% in domestic orders. Domestic orders are now lower for three consecutive months. Domestic orders are some 7.7% lower than their peak in this [...]
- Global| Jul 05 2017
Services PMIs Generally Weaken in June; Central Bankers' Policy Quandary Deepens: Do-Do or Don't-Don't?
The PMI gauge for Europe has declined in June relative to May, but the final tabulation is a bit stronger than the flash estimate. China's private sector (composite or total PMI) expanded at the slowest pace in a year on a weakening [...]
- Global| Jul 03 2017
Japan's Tankan Survey and Outlook Perk Up
Japan's Tankan survey is conducted by the Bank of Japan; it is abroad survey executed across various industry classifications of Japanese firms and across firms of different size categories. The large enterprise survey is considered [...]
- Global| Jun 29 2017
EU Indexes Make Strong Gains in June. What's Next? Will June End the Monetary Policy Honeymoon...Soon?
Strong gains in and across EMU The EU Commission index for all of the EMU rose to 111.1 in June from 109.2 in May. Over the last 21 years, a monthly gain this strong or stronger has occurred only 16% of the time, marking the month's [...]
- Global| Jun 28 2017
EMU Money and Credit Growth Inspire Little Confidence; Global Trends Show Some Improvement But Offer Little [...]
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 [...]
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