Year-over-year trends show both EMU money and credit on better growth paths after a lull from late-2011 to late-2013 for credit and from 2013 to mid-2014 for money. But the growth rates from the table of one year or less tell a story [...]
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| Jul 24 2015EMU PMIs Falter in July: What Else Did You Expect?
The services sector continues to lead in terms of the value of the PMI in the EMU, Germany and France. And that goes a long way to explaining why Europe's recovery is still so weak with no fire under it. In July 2015, the EMU overall [...]
- Global| Jul 23 2015
Japan's Trade Shows Little Change
Japan's trade trends show little alteration over the last few months. Over that period, exports have grown year-over-year in a range from 5.5% to 8.4% while imports have declined by 3.9% to 5.8%. The trade gap has fluctuated between [...]
- Global| Jul 22 2015
French Business Climate Perks Up- Will It Stay Up?
French business climate in the Insee survey for July rose by two points to stand at an index value of 102, up from 100 (its average) in June. This two-point rise in climate is a gain only exceeded about 14% of the time, marking it as [...]
- Global| Jul 21 2015
Finland's Unemployment Problem Persists
Finland's economy has been depressed for the last four years. It is still struggling to shrug off the loss of a lot of logging-related business to other nations and the departure Nokia and related technology businesses. While the EMU [...]
- Global| Jul 20 2015
EMU Trade Surplus Drops
Exports and the EMU trade surplus fell in May. Exports fell by 1.5%. Imports were flat. The trade surplus fell to 21.2 billion euros in May from 23.9 billion euros in April. Exports fell on a broad front in May with manufacturing [...]
- Global| Jul 17 2015
Spain Shows Some Strength in Its Volatile New Orders
Spanish orders and shipments (turnover) show some strength in May, but sequential growth rates for both show some evidence of slowing. Orders popped in May, surging by 3.3% in one month. This was the strongest monthly gain since [...]
- Global| Jul 16 2015
Auto Registrations and Retail Sales Show Broad European Recovery
EU auto registration rose in June, advancing by 4.8% month-to-month and by 11.8% year-over-year. The country data range from a monthly gain of 6.6% in France to a 3.8% drop in Italy. Year- over-year registration gains range from 17.8% [...]
- Global| Jul 15 2015
Dutch Exports Sag As Imports Gain Purchase
The Netherlands is another case of an EMU country where the trade picture belies the weakness in the euro exchange rate. While exports and imports do not respond wholly to the same set of variables, they are both affected by the [...]
- Global| Jul 14 2015
The Odd Euro Area IP Trends
In the current month with overall IP falling, it is the rich getting richer as the big four economies show advances in their national manufacturing IP output. But over the past year it is a different story. It is the austerity [...]
- Global| Jul 13 2015
Dutch IP Growth Year-Over-Year Is on Withering Trends...and Dutch Treat for Greece
Dutch manufacturing IP has just made its third consecutive gain year-over-year. However, overall IP excluding construction (the headline series) is lower year-over-year for two months running. Shorter term trends, those inside one [...]
- Global| Jul 10 2015
IP in France and Italy Advances
Both Italy and France show that broad IP trends are improving based on year-over-year growth rates, as the chart clearly demonstrates. But their short-term trends show very different dynamics. Even the year-over-year trends show very [...]
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