PPI trends for the EMU show ongoing inflation acceleration as oil prices work their way through the system. Capital goods and consumer goods show a much more muted profile than intermediate goods where oil enters the picture more [...]
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| Mar 03 2017Car Sales Continue to Gain As EMU Retailing Dithers
European retail sales continue to struggle. While there has been optimism about Europe from its PMI data, retail sales simply tell a different story. The PMI data that Markit released today has filled out the European readings for [...]
- Global| Mar 02 2017
BUBA on a Hot Tin Roof
Inflation in the EMU, in any of its largest four economies, overall inflation, core inflation, or in Germany, inflation excluding energy is accelerating. The 12-month pace exceeds the previous year's 12-month pace, the six-month pace [...]
What jumps out at you in the table of manufacturing PMIs ranked on their performance since January 2012 is the abject weakness in Mexico. The chart at the top shows that the Mexican manufacturing PMI is moving opposite to the U.S. and [...]
- Global| Feb 28 2017
GDP Growth and Policy Complacency
GDP growth and the theory of relativity GDP growth in the EMU, the U.K. and the U.S. is hardly knocking anyone's socks off. But what has been happening is that GDP has become remarkably free of worryingly weak results. Of course, in [...]
- Global| Feb 27 2017
Largest EMU Economies Show Ongoing Gains
A nice step up in growth for Europe continues The EU and EMU indexes compiled by the EU Commission show gains in February but small gains. After a period of deceleration dating from mid-2015, the EMU area and its largest economies [...]
- Global| Feb 24 2017
Italian Confidence Registers Split-Decision
Confidence measures 'go their own way' but wind up in the same place In February, Italian consumer confidence trolled a five-month low while business confidence perked up. At the end of the day, both confidence indexes sit in their [...]
- Global| Feb 23 2017
German GfK Confidence Will Step Back in March
Despite a coming setback to German confidence in March, the GfK look-ahead confidence reading remains strong and is barely off that index's best of all-time levels. There have been three episodes in which the GfK reading has attained [...]
- Global| Feb 22 2017
Inflation Up, Up and Away or Just 'Away'?
Both the U.S. inflation target rate (PCE) and the EMU target rate (HICP) are showing strong moves higher. Clearly inflation is on the rise...or is it really that simple? My prevarication in the face this quite overwhelming chart has [...]
- Global| Feb 21 2017
European PMI Data Rise and Create a Twist on a Theme
The manufacturing and service sectors both are showing lift in the Markit PMI framework in February. Manufacturing has been surging bit longer but with its strength this month the services sector has caught up. The diffusion values [...]
- Global| Feb 17 2017
EMU Current Account Surplus Shrinks in December: Still Way Too Large
Germany leads the surplus 'parade of shame' Germany, the largest EMU economy, has run nothing but current account surpluses since July 2001 with only two monthly exceptions. That is 183 months of surplus vs. only two months of deficit [...]
- Global| Feb 16 2017
European Car Registrations Press Higher
European car registration rose 4.1% in January, building on a small gain registered in December. Registrations as well as the three-month moving average of registrations are showing strong, accelerating gains from 12-month to six- [...]
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