Inflation globally is low. In the EMU, the price level is falling. Japan's inflation is weak. In the U.S., the CPI is up only 1.1% although the U.S. targets the PCE deflator which shows a much weaker core trend than the CPI. In [...]
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| Jun 17 2016Canadian Inflation: Alone in the Sweet-Spot
- Global| Jun 16 2016
Euro Area Growth and Inflation Send Mixed Signals
Mixed Grill... Today we pair a table on historic HICP EMU performance with monthly retail and auto sales in the EU. The consumer and the inflation are perhaps the two most critical variables watched by policy makers apart from job [...]
- Global| Jun 15 2016
Euro Area Trade Surplus Jumps Sharply
Trade in the EMU remains somewhat enigmatic. Exports and imports (of manufactured goods) are still quite soft over 12 months as well as over six months. But over the recent three months, exports have exploded to life as imports have [...]
- Global| Jun 14 2016
Euro Area IP Rebounds with Europe in Turmoil
Euro area industrial production rebounded by a smart 1.1% in April, more than recovering its loss of output in March but still behind its combined February-March loss. IP is still falling on balance over three months, but the six- [...]
- Global| Jun 13 2016
Japan's Retail Sales Flounder
Japan's seasonally adjusted retail sales were flat in April after a 1.5% gain in March. However, sequential sales show spending by consumers has been declining on balance over three-month, six-month and 12-month. Over 12 months, not [...]
- Global| Jun 10 2016
Euro Area IP Shows Very Solid Gains in April
Industrial production rose in April in each and every one of the early reporting EMU members in the table. Month-to-month IP increases range from a low 0.9% rise in Italy to an outsized 6.7% gain in Ireland. These are very sizeable [...]
- Global| Jun 09 2016
German Trade Surplus Moves Higher: Fiddle Dee Dee Europe
German trade flows came up lame in April as exports were flat and imports fell by 0.2%. These performances follow a 1.9% gain for exports in March and a 2.3% drop for imports. Exports grow but imports stay slow or worse Suddenly [...]
- Global| Jun 08 2016
OECD LEIs Still Struggle
The OECD's own results for this month's report are, in my opinion, way too weak to show, or do much more than very vaguely hint, at stabilization in the U.S., China or elsewhere. But that is the headline that news services are picking [...]
- Global| Jun 03 2016
Global Services Show Softness
Globally the service sector remains weak and it is not stepping up to provide a counterbalance to ongoing and worsening manufacturing sector weakness. Six of 15 of these bellwether markets show a weaker services reading in May. Only [...]
- Global| Jun 02 2016
Euro Area PPI Is Falling Again But Not Decelerating As ECB Is Willing But Still Waiting
The PPI is still falling The EMU-wide PPI gained in March but is falling again in April. After a 0.1% gain in March, the PPI is lower by 0.4% month-to-month in April. It is still falling year-over-year and by 4.4% (excluding [...]
- Global| Jun 01 2016
Global Manufacturing PMIs Reveal Pronounced Weakness; Is It the Perfect Environment for a Fed Rate Hike or Not?
Lethargy and weakness rule Manufacturing PMI data remain weak on a global scale. Among the reporters in this table with data back to only 2008 at the most, there is NO country whose manufacturing PMI stands higher than Vietnam's 86th [...]
- Global| May 31 2016
Euro Area Money and Credit Growth Slow
Central bank bond purchases and negative interest are still not pumping up money growth in the EMU. The year-over-year growth rates for money and credit have backed off, leaving the stimulus policies without a solid backing from the [...]
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