On a day when Bank of England Governor Mark Carney has said that it would be foolish to cut interest rates to combat low inflation, the U.K. has also produced a sharp weakening in its industrial sector. Manufacturing output is 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| Mar 11 2015U.K. IP Prevaricates as Does Policy
- Global| Mar 10 2015
OECD LEIs Point to Continued Growth But Maybe Not Much of It
The OECD LEIs display values above 100 for most countries, indicating that growth is still on the docket for most of them. Japan, China, Austria and Germany are exceptions. But even the exceptions have numerical
99', [...]handles' of - Global| Mar 09 2015
Japan's Economy Watchers Index Fights Back
Economic growth in Japan was revised lower in Q4, unsettling markets. But the more topical economy watchers index rose in February, poking its head up above the 50 level to stand at 50.1, signaling expansion. The employment gauge [...]
- Global| Mar 06 2015
German IP Shows Some Upside
German industrial production shows signs of stabilizing and reasserting growth in the January report. The chart of year-over-year growth rates shows that by sector the year-over-year trends have stopped falling and that capital goods [...]
- Global| Mar 05 2015
Italian GDP Finalizes on Weak Trends
Italy continues to struggle. Its GDP fell in Q4 and is net lower year-over-year. GDP in Italy is falling as fast year-over-year in Q4 as it was in Q3. That is not progress. Public consumption rose at a 1.7% annual rate in Q4 2014 but [...]
- Global| Mar 04 2015
EMU Service Sector Leads!
The finalization of the EMU PMI indexes brought slightly weaker values to the report. Still, both the manufacturing and services sectors of the EMU are improving in February compared to their January values and each sector is showing [...]
Prices in the euro area continue to push lower as weak growth and dropping energy prices undercut the strength from price trends on two separate fronts. As the chart shows, PPI and CPI trends are pressing lower in the EMU. The table [...]
- Global| Mar 02 2015
European Unemployment Rates Show More Widespread Declines
European unemployment rates show more pervasive declines in January. Seven of these 11 early EMU reporters show unemployment rates lower in January 2015 compared to December 2014. Eight show rates net lower over three months. Nine [...]
- Global| Feb 27 2015
Italy's Inflation In An About Face
Suddenly after outright falls for two straight months, Italy's inflation rate is up by 0.6% in February. The monthly gain is the largest since October 2011. Italy's domestic inflation gauge also reversed to gain 0.3% after two [...]
- Global| Feb 26 2015
German Climate to Reach New High in March
GfK projects a new high reading for Germany's consumer climate for March. Climate is expected to improve to 9.7 in March from 9.3 in February. The lagging components for economic and income expectations as well as for buying climate [...]
- Global| Feb 25 2015
French Confidence Takes the High Road (From a Low Start)
French household confidence moved higher to 92 in February from 90 in January, a nice two-point rise. At 92, French confidence was last at that level in May 2012 and last higher (for one brief reading) in November 2010. Confidence was [...]
- Global| Feb 24 2015
Changing Trends for Euro-Inflation and Austerity
HICP inflation has finalized for the EMU and prices fell by 0.6% over the last 12 months on balance, a significant short fall from a target rate of `just under 2%.' Note that a comparable miss on the upside would have inflation at [...]
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