While we wring our hands and gnash our teeth about what central banks are doing and the poor state of global growth, let's not forget about the internal dynamics of the EMU or about global risks. It's a very good time NOT to take our [...]
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| Apr 07 2016Lost in Space With Deteriorating Trade Trends
- Global| Apr 06 2016
German IP Takes February Setback Without a Dent to Momentum
German IP fell by 0.5% in February as manufacturing IP fell at the same pace. Both series continue to demonstrate acceleration profiles in output from 12-month to six-month to three-month. IP is up at a 6.8% annual rate over three [...]
- Global| Apr 05 2016
German Orders Drop Unexpectedly Exposing It As a Free Rider
On a day IMF Managing Director Christine Lagarde had chosen to rebuke the industrialized nations on their need to do more to stimulate global growth, German industrial orders have fallen largely because of weakness in orders overseas. [...]
- Global| Apr 04 2016
EMU PPI Is Very Broadly Weaker
Deflation in PPI prices is very widespread with few exceptions. The pace is getting more deeply into negative territory across the original 11 EMU member countries. Prices are falling period-to-period in all 44 of the country level [...]
- Global| Apr 01 2016
Japan's Tankan: Firms Cut Back Outlook and Current Assessment
Japan's Tankan survey in which we focus on the responses of large firms shows a sharp reduction in the manufacturing firm assessment which has dropped back to +6 in Q1 2016 from +12 in Q4 2015. This is the weakest reading in 11 [...]
- Global| Mar 31 2016
German Retail Sales Slip But Real Sales Retain Momentum
Europe, where consumer is king...yes I said Europe It is no secret that Europe has been driven by its services sector nor is it a secret that retailing has been the strongest of the sectors in the EU Commission indicator framework. [...]
- Global| Mar 30 2016
EU Sentiment and Large Country Sentiment Erode
The EU indices for March remind us that since year end the circumstances in Europe have eroded. Around December several large EMU members were seeing a local high in their respective sentiment gauges, a high that has since unwound. [...]
- Global| Mar 29 2016
Japan's Retail Sales on Slippery Slope
Not seasonally adjusted Japanese retail sales rose, but after seasonal adjustment they fell and on that basis they are progressively weakening from 12-months to six-months to three-months. All those growth rates on seasonally adjusted [...]
- Global| Mar 28 2016
French Consumer Confidence Hits 7-Month Low; It Was Last Lower One Year Ago
French consumer confidence fell to 94 in March from 95 in February. The index has a weak 35th percentile standing at its March level (it is this weak or weaker 35% of the time). Living condition assessments for the past 12 months as [...]
- Global| Mar 24 2016
German Confidence Ticks Off Its Highs Ever So Slightly; Most of the Rest of EMU Tags Along Behind
The estimate for German confidence in April is lower than in March by just 0.1 point, its smallest unit of measurement. The index has a 94 queue or count percentile standing which means it has been higher only above 6% of the time, an [...]
- Global| Mar 23 2016
Spanish Price Trends
Spanish price trends point lower in February. Spain's PPI prices fell year-over-year for overall producer prices led by a drop in intermediate goods prices. Consumer goods barely ticked higher over 12 months (0.2%) while investment [...]
- Global| Mar 22 2016
EMU Private Sector Picks Up in March But Fails to Restore Full Confidence
The chart puts the evolution on the EMU-area PMIs in their proper context. Last month the two sector indices fell sharply. This month there is a partial rebound with services rebounding slightly more and manufacturing showing a very [...]
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