A surplus bigger than a bread box...bigger than the bread factory The EMU trade surplus swung to an even wider surplus in December, its widest in eight month and the second widest on record. Exports and import are swinging up as both [...]
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| Feb 15 2017EMU Trade Surplus to 8-month High - More Angst for Trump
- Global| Feb 14 2017
Zew Expectations Tail as EMU and German GDP Fail to Delight
GDP in the EU economy was up at a 1.6% annualized rate in Q4 and up by 1.7% year-on-year. German GDP recovered after a weak Q3 to expand at a 1.7% annualized Q4 pace and is up by 1.8% over four-quarters. The top annualized Q4 growth [...]
- Global| Feb 13 2017
Japan's Retail Sales Drop in December
Japan's retail sales are lower by 1.2% month to month in December. However, their sequential rates of growth show an upswing is nonetheless in place from growth rates over 12-Mo to 6-Mo to 3-Mo. This steady expansion of the pace of [...]
- Global| Feb 10 2017
Italian and French IP Trends Still Point Higher
In December, Italian and French industrial production went their separate ways, one up, the other down. But the sequential annualized growth rates from three-month to six-month to 12-month show output is expanding and accelerating in [...]
- Global| Feb 09 2017
Japan's Core Orders Surge As Total Orders Dive
Japan's machinery orders fell by 3.1% in December while core orders rose by 6.7%. November has the growth rate 'signs' reversed with total orders up by 20.6% and core orders down by 5.1%. The monthly series is volatile. However, from [...]
- Global| Feb 08 2017
OECD LEIs Show Continuing Modest Expansion
The OECD overall gauge shows continued growth as the comprehensive index rises to a rounded up value of 100 in December from 99.9 in November and continues its one-tick per month advance that has been in play for the last three [...]
- Global| Feb 07 2017
German IP Unexpectedly Rolls Over in December
German industrial output fell sharply and unexpectedly at the end of 2016 as output declined by 3% month-to-month in December. Both construction and manufacturing output fell by 3% or more in December. Widespread declines There were [...]
- Global| Feb 06 2017
German Orders Surge in December
Germany's real order volume surged by 5.2% as German domestic orders spurted by 6.7% month-to-month and foreign orders rebounded to gain 3.9%. Orders have come to show huge changes in recent months as the 6.7% domestic gain in [...]
- Global| Feb 03 2017
Global Upswing Chronicled by PMI Gauges - Can It Last?
The global PMI services gauges show that both manufacturing and services are on an upswing globally. The global services sector has a 76th percentile standing. The global total PMI gauge had an 86th percentile standing in January. [...]
- Global| Feb 02 2017
EMU PPI Turns Sharply Higher
The EMU area PPI surged by 1.1% in December, driving the three-month inflation rate to 10%, the six-month pace to 5.3% and raising the year-over-year pace to 1.6%. This is a sharp reversal from last year's 3% drop in the PPI. Price [...]
- Global| Feb 01 2017
Manufacturing PMIs Turn Up But Bifurcation Remains
The statistical variation among the values of the countries that have reported their manufacturing indices has widened again this month. The dispersion has been greater than it is in January only 6% of the time since 1991. The most [...]
- Global| Jan 31 2017
Seven-Year Low (Unemployment) Meets Four-Year High (Inflation); What's a' Matter? Matter Meets Anti-Matter
The European Monetary Union (EMU) is at one of those crucial policy crossroads where priorities begin to shift. So far, the ECB is holding fast onto its old program of economic stimulus. But unemployment has now fallen to a seven-year [...]
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