EMU car registrations fell in December on the back of a decline in November. While that is not a strong ending to the year, 2014 was the first year since 2009 that calendar year car registrations rose in the EMU. Sales rose by 3.6% [...]
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| Jan 16 2015EMU Car Registrations Weaken in December but Mark Calendar Year Gain
- Global| Jan 15 2015
Record Surplus in EMU as Euro Slides
Weak growth and a sharply falling currency have driven the EMU to its largest trade surplus on record. Clearly trade is not driving the currency but macroeconomic needs and the currency are driving trade results and deficits. The [...]
- Global| Jan 14 2015
EMU Inflation Burrows Lower across the Board
As we peruse the incoming data, we see new inflation reporters and a new EMU index for industrial production. EMU-wide inflation is still falling and negative year over year. While industrial output is still on a big broad decline, [...]
- Global| Jan 13 2015
Italy Shows Solid IP Gain in November but Weakness Lingers
The euro area seemed to show some signs of improved life in November. Italy, reporting its IP later than most EMU members, has joined the party. Still, Italian production trends remain weak. The chart shows year-over-year trends for [...]
- Global| Jan 12 2015
OECD LEIs Move Sideways...for Now
The main message from the OECD LEIs in November is that not much is changing. The indicators for the OECD region, the U.S., the U.K., the EMU and China are little-changed and clustered around the neutral reading of 100. Japan and [...]
- Global| Jan 09 2015
European Industrial Production Shows Very Mixed Trends
Of the eight early reporting EMU nations, three show output drops in November with Finland's output flat. However, over three months, there is still solid to strong output gains from this group of countries. Industrial output in the [...]
- Global| Jan 08 2015
EMU Indices Lie Somewhere between 'Stable' and 'Comatose' at Yearend
The year 2014 ends with the overall EU index at 104.2 and the index for the EMU at 100.7. These are not solid readings; the one for the EMU is especially lacking. However, both metrics are roughly stable month to month. In the table, [...]
During the euro area crisis, Europeans contended that the European Monetary Union was and is a political union much more than an economic union. And we can see that this is true because what is happening here is not for the betterment [...]
- Global| Jan 06 2015
Catch 22: German Inflation Meets EMU Growth
Even a relatively quick perusal of the EMU trends reveals that deceleration is well ensconced across the euro area. Reading the table from right to left, the 12-month to 6-month to 3-month averages by country and by sector are [...]
- Global| Jan 02 2015
EMU PMI Gauges Weaken as Divergence Reappears
Weakness is a problem for the European Monetary Union and it has been a problem of increasing magnitude - if not worry- over the course of 2014. But a bigger problem for EMU is divergence. In 2013 the divergence among EMU member [...]
- Global| Dec 30 2014
Spain's Inflation Makes Sharp Deceleration
With the European Monetary Union grappling with inflation and unsure what to do next, in some countries, the decision seems clearer than in others. Unfortunately, EMU monetary policy is one for all and all for one. In the chart, we [...]
- Global| Dec 22 2014
Germany Is Still Importing Deflation: How Long?
German import prices are holding relatively steady in negative territory, bringing a steady deflation impulse to the German economy. At the same time, German export prices have accelerated, rising at a 0.3% pace over 12 months to a [...]
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