German IP drops for the second consecutive month in September. That pairs with a string of declines in real manufacturing orders to create a poor performance in September and a weak outlook ahead. This is not what the ECB had wanted [...]
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| Nov 06 2015German IP Makes A Second Consecutive Drop
- Global| Nov 05 2015
German Orders Send Ominous Signals
German orders send ominous signals as they drop for the third consecutive month in September. Orders are not just falling; they are decelerating with successively larger annualized negative rates of growth from 12-month to six-month [...]
- Global| Nov 04 2015
EMU Final Total PMI Gauge Revised Lower; Growth Yes...Momentum No!
The PMI total indices add new observations on services to the revised manufacturing readings issued earlier this week. The new total private sector index is the result. We see a slight downward revision to the EMU overall gauge and to [...]
- Global| Nov 03 2015
Oil and Select Middle Eastern Country PMI Ills
Oil prices crashed late in 2014 and have created a sort of chaos in world markets ever since. The crash in the oil price was a combination of things involving slower growth in China and in the rest of the world as well as the impact [...]
- Global| Nov 02 2015
Globally Manufacturing PMIs Remain Lethargic
Manufacturing PMIs remains relatively weak. Note the percentile standings posted in the table and also note the period over which these are calculated. These are all comparative readings from the post-apocalyptic economy of the [...]
- Global| Oct 30 2015
EMU Unemployment Rate Falls/Inflation Goes Dead Flat; No Phillips Curves Need Apply
The unemployment rate ticked lower in both the EU and the EMU in September. EMU area unemployment now stands at 10.8% with EU unemployment at 9.3%. Both are still high and in the neighborhood of where U.S. unemployment would be today [...]
- Global| Oct 29 2015
EU Sentiment Falls; EMU Sentiment Rises
The EU and EMU indices are split this month with the EMU area improving and the broader EU index that includes EMU nations deteriorating. Still, only five of 16 EMU nations showed deteriorated indices in October. The overall EU index [...]
GfK reports this month that concerns over the impact of migrants in Germany have set back the expected confidence reading for November. But the lagging components of the index show the sharpest drop is in economic expectations. [...]
- Global| Oct 27 2015
Euro Area Money and Credit Pause and Dip
While we are looking at growth and inflation developments in the EMU, we should also be looking at the financial raw material of growth: money and credit in the EMU. Here we see both series are slowing after about one year of [...]
- Global| Oct 26 2015
German Ifo Index Slips But Not As Much As Feared; The Strength in Expectations Is A Surprise
The Ifo index fell to 9.3 in October from 10.1 in September. The all-sector drop is less that the drop of the ZEW index reported earlier. The expectations portion of the Ifo index actually saw improvement in October and it is hard to [...]
- Global| Oct 23 2015
Can Europe Prosper on Services Alone?
Manufacturing in Europe has come up lame again in October. The sector has decelerated for the second month in a row and holds to a reading of 52.0, not much elevated from the neutral reading of 50.0. Still, Europe has been so weak [...]
- Global| Oct 22 2015
U.S. FHFA Prices Slow
U.S. FHFA home prices slowed in August, rising by just 0.3% after a 0.5% July increase, data from the Federal Housing Finance Agency showed. Also year-over-year prices slowed, rising by 5.5% in August after a 5.8% July rise. The July [...]
- of362Go to 188 page