Once upon a time a considerable time ago, there was a far off land called Europe that decided to form a more perfect union, but a still a less-than-perfect union, and blend its data together using an average weighted by GDP and [...]
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| Feb 13 2015EMU GDP Story: A Fairy Tale Turned to Horror Story
- Global| Feb 12 2015
EMU IP Struggles- Are We All Roiled by Oil?
In the EMU we see a great deal of variation in output by country and now we can see the EMU by sector performance. EMU IP (industrial production) less construction is flat in December and manufacturing output is flat as well. Year- [...]
- Global| Feb 11 2015
French Trade Trends Show Progress
French trade and current account trends are showing progress despite the step back into deficit for France's current account in December. The December current account deficit is still 1.9 billion euros, smaller than it was one year [...]
- Global| Feb 10 2015
European IP Recovery Shifts to the Core in December
European industrial output rose in the core EMU countries in December with Germany, France and Italy, the three largest EMU economies showing output gains. Germany and Italy have posted three consecutive monthly gains while France is [...]
- Global| Feb 09 2015
Record German Trade Surplus as Euro Exchange Rate Adds to Excess
In the early 1970s when a lot of academic work was being done in economics on exchange rate systems in the wake of the scrappage of Bretton Woods, one of the things that were envisaged was that, in a system of flexible exchange rates, [...]
- Global| Feb 06 2015
German Output Advances
German industrial production keeps dialing up positive growth rates even if they are small gains. The sequential growth rates from one-year and in show overall output accelerating, moving up from -0.4% of 12 months to an annualized [...]
- Global| Feb 05 2015
German Orders Gather Pace: International Orders Lead, As Expected, As ECB Collateral Rules Roil Markets
The long steady drop of the euro exchange rate is boosting German export orders. German orders rose by 4.2% in December led by foreign orders that rose 4.8% after a moderate 0.9% November drop. Domestic German orders rose by 3.4% in [...]
- Global| Feb 04 2015
EMU Total PMI Advances on Strength in Spain
The EMU total PMI showed an advance for January but still in the context of sequential declines from its 12-month to 6-month to 3-month averages. Sequential decline also applies to the two EMU components for services and manufacturing [...]
- Global| Feb 03 2015
Stand By Your Deflation: D-E-F-L-A-T-I-O-N
Denial is not a viable option with which to fight deflation. I'm not saying that the euro area has a deflation problem, but of the 60 evaluations at the country level for monthly and sequential growth rates, only SIX are positive [...]
- Global| Feb 02 2015
EMU Mfg PMIs Rise in January on 'Small Country' Strength
Even with the manufacturing PMI rebound for the EMU in January, the broad brush shows PMI averages over shorter periods are still declining. France is a minor exception. Spain is accelerating and is a major exception (fourth largest [...]
- Global| Jan 30 2015
The Germans in the Dell: the Cheese and the Germans Stand Alone
The unemployment rate turned lower in December in both the EU and EMU. This, despite a host of problems: weak PMI readings and the ECB on a glide path to its controversial QE plan. Of the 11 topically reporting members in the table, [...]
- Global| Jan 29 2015
EMU Money and Credit Struggle Higher
EMU money and credit growth in December show signs of making progress. Money is steadily accelerating and rising at a strong 6.7% annual rate over three months. In real terms, money growth is up to an 8.2% annual rate over three [...]
- of365Go to 206 page