The chart shows that after a period of deficit narrowing, there is a re-imposition of a trend to having trade deficits widen over the last five months. However, a look in the table and at moving averages shows that deficits are lower [...]
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| Aug 19 2015Japan's Trade Deficit Continues to Be Nettlesome
- Global| Aug 18 2015
U.K. Inflation Perks Up
U.K. inflation has begun to show some pressure. The long-term chart of U.K. inflation trends still looks tranquil. The monthly gains on the HICP and the RPI (and RPIx) all are at a modest 0.2%. However, the progression of inflation [...]
- Global| Aug 17 2015
Japan's GDP Sinks in Q2
Japan's GDP fell by 1.6% at an annual rate in Q2. The drop off, after sharply higher growth in Q1, comes despite a huge stimulus program that Japan has in place (Abenomics). Despite the setback to quarterly growth, year-over-year [...]
- Global| Aug 14 2015
Euro Area GDP Simmers As Do Troubles
In the European Monetary Union, growth continues to be sluggish. Overall EMU-18 growth slipped to 1.3% (annualized) in Q2 from 1.5% in Q1. The year-over-year growth rates, however, have progressed, rising to 1.2% in Q2 from 1% in Q1, [...]
- Global| Aug 13 2015
Japan's Orders Continue to Disappoint
Machinery orders in Japan rose by a robust 5% in June. But their three-month growth is still -10.1% at an annualized rate and year-over-year orders are lower by 3.2%. The more closely-watched core orders fell by 7.9% in June, falling [...]
- Global| Aug 12 2015
EMU's Industrial Sector Weakens
Industrial output (excluding construction) fell in the EMU in June, dropping by 0.4%. This is the second consecutive monthly drop. These drops follow a monthly gain of just 0.1% in April. IP in the EMU has been steadily decelerating [...]
- Global| Aug 11 2015
ZEW Expectations Continue to Lag
The ZEW current index continued its slow slog higher in August as expectations backtracked. Expectations are below their historic midpoint as they are higher fully 55.8% of the time, thus lower about 45% of the time. The current index [...]
- Global| Aug 10 2015
Bank of France Survey: France Continues to Struggle
France's business survey by the Bank of France ticked higher in July; however, remaining off its recent peak. The index edged up to 97.96 from June's 97.88, still below May's 99.08 reading. The July reading is slightly above its [...]
- Global| Aug 07 2015
German IP Drops
German industrial production dropped in June, falling by 1.4% month-to-month. Overall IP has been steadily decelerating with annualized growth rates shrinking or turning progressively to larger negative numbers as the horizon [...]
- Global| Aug 06 2015
German Orders Rise on the Foreign Sector; Domestic Orders Remain Moribund
The story this month is less about how well German orders are doing and more about how weak Germany's domestic orders have become. With an economy that is doing quite well - certainly by Europe's standards - and maintaining a low rate [...]
- Global| Aug 05 2015
Total PMIs Back Off in July
Spain is the exception in July with a total PMI rising. But among the four largest EMU economies, as well as for the EMU itself, the consolidated PMI readings in July took a step back. Among the manufacturing and services sectors of [...]
- Global| Aug 04 2015
EMU PPI Drops But It Also Decelerates
The PPI headline in June fell by 0.2%, its first month-to-month decline since January. The headline rate shows a pattern of deceleration in its drop from12-month to six-month to three-month. But none of the components show clear [...]
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