Why do things continue to go off-track in the global economy? It is very simple to understand really and one of the main reasons is embodied in the chart and the table. First, let me describe what you are looking at. The chart shows [...]
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| Oct 21 2016What's Goin' On? The PPP PPPardox
- Global| Oct 20 2016
The German PPI Is Restless...for Good Reason
The German PPI has been on the move up. But a funny thing happened in September on that journey; the PPI backtracked and fell. This setback has also blunted the pace of the PPI rise and even the path of the ex-energy PPI. That gauge [...]
- Global| Oct 19 2016
Japan's Sector Indices Creep Ahead at Creepy Slow Speed
The chart presents the three main sectors: (1) mining and manufacturing, (2) construction and (3) services (tertiary) as year-on-year growth rates. Since early in 2015, the growth rates of all three sectors have been exceptionally [...]
- Global| Oct 18 2016
U.K. Braces for Waves of Inflation; Are There Lessons for Others?
The U.K. is bracing for inflation since the pound sterling has been in a tailspin in the wake of the U.K. Brexit vote. Sterling is down from its peak this year by about 16% vs. the dollar and about the same amount vs. the euro. When a [...]
- Global| Oct 17 2016
Japan's IP Index Makes Smaller Gain But Still Looks Solid
Japan's industrial production gain is at 1.3% month-to-month in August, lower than the preliminary 1.5% that had been reported initially. Still, (as the chart shows) year-over-year gains in IP are beginning to take hold across all [...]
- Global| Oct 14 2016
European New Auto Registrations Show Prevarication
European auto registrations rose in September following a huge gain in August. The August spurt followed a nearly identically massive drop in July. The registration series has become outlandishly volatile. For this reason, we plot [...]
- Global| Oct 13 2016
Japan's Sector Indices Show Little Activity
Japan continues as if cursed with a similar travail to that of Sisyphus. He was condemned to have to roll a huge boulder up a hill only to see it roll back over him to sit the floor of the hill so he was forever to commit the same [...]
- Global| Oct 12 2016
Euro Area IP Gains
There has been a noticeable lull in manufacturing over the past year. It is not just Europe or just the United States. The Markit PMI data confirm a global slowdown with low PMI readings being endemic to the global economy. Global PMI [...]
- Global| Oct 11 2016
German ZEW Index Moves Higher
The closely watched ZEW expectations index rose by nearly 6 points in October, rising to 6.2 from 0.5 in September. The current index advanced to 59.5 from 55.1, a gain of about four points. These are not large monthly gains and they [...]
- Global| Oct 10 2016
OECD LEIs Stuck in Very Low Gear: A Eulogy for Growth
The OECD LEIs remain mired in the muck of readings below the breakeven value of 100, but close enough for the OECD to continue to look for relatively stable growth. The overarching OECD index, the U.S. index, the U.K. index, the Japan [...]
- Global| Oct 07 2016
German IP Rebounds Strongly; Still...More Volatile Than Strong
German IP rebounded to gain 2.5% month-to-month in August after a 1.5% drop in July. With this rebound, German GDP is up at an 8.8% annual rate over three months. However, it is only up at a 0.5% pace two months into the third [...]
- Global| Oct 06 2016
German Orders Rise But Path Remains Listless
German orders rose by 1% in August, their second monthly gain in a row. It was the first back-to-back monthly gain since November. However neither domestic nor foreign orders have posted monthly gains back-to-back since March for [...]
- of362Go to 169 page