Euro-Warfare: The EMU PPI is down by 1.4% year-over-year. Yet all the stories out of Europe are about the European Central Bank and whether it can launch a quantitative easing program or whether that will be blocked. And while the [...]
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| Dec 02 2014No Relief for ECB from PPI; No Relief for PPI from ECB
- Global| Dec 01 2014
Manufacturing Diffusion Weakness Reveals Global Slowdown
The manufacturing sector on a global basis is expanding in November with five reporting entries contracting (two of them ensconced in the euro area, which itself expanded, but slowed) while 10 showed manufacturing PMI values above 50. [...]
- Global| Nov 26 2014
Italian Consumer Confidence in an Era of Radioactivity
Italy's consumer confidence indicator from ISAE fell in November to reach a nine-month low. In the guts of this survey, we see evidence many of the conditions that are continuing to plague consumers around the world. For example, [...]
- Global| Nov 25 2014
Finalized GDP in Germany, the Vampire Economy
The German economy in the third quarter posted weak growth. GDP rose by 0.3% in Q3 2014 after a 0.3% decline in Q2. So Germany has escaped the clutches of recession. Still, the German economy isn't doing well as recent growth rates [...]
- Global| Nov 24 2014
German Ifo Gauge Bounces Back
The Ifo gauge in November surprisingly rose, posting a 2.3 value after logging a -0.6 value in October. All sectors showed improvement in November compared to October with two of them still logging net negative values. The current [...]
- Global| Nov 21 2014
Does Canada's Rising Inflation Rate Give the Central Bank Tough Choices?
Canada's CPI inflation for October saw headline growth at 2.4% year-over-year with the ex-food and energy measure rising up to 2% year-over-year from 1.9% the month before. Costs of food and shelter advance by 2.8% year-over-year to [...]
- Global| Nov 20 2014
EMU Flash PMIs Disappoint
The European Monetary Union has reported out weak readings for November. Its manufacturing gauge slipped and its services gauge fell by one point month-to-month. The overall EMU private sector reading stands at 51.4 in November, down [...]
- Global| Nov 19 2014
What's Wrong with this Picture?
The EMU current account surplus rose to 30 billion euros in September form 22.8 billion euros in August. The EMU trade surplus increased. The balance on services trade moved to a larger surplus and the income account's surplus was [...]
- Global| Nov 18 2014
ZEW Index Steps Back from the Brink
Germany's ZEW index for November saw its expectations component rise to 11.5 from -3.6 in October. The current index remained at a low level of 3.3, barely higher than a 3.2 reading for October. Since the previous ZEW release, Germany [...]
- Global| Nov 17 2014
EMU Exports Revive and Surplus Grows
The trade surplus in the European Monetary Union rose to 17.7 billion euros in September from 15.4 billion euros in August. Exports rose 4.2% in September after a 1.4% decline a month earlier. Imports also revived, rising by 3% after [...]
- Global| Nov 14 2014
EMU GDP Edges Higher Or, Yes, We Have No Recession
European growth data for the third quarter provided a much-needed upside surprise. The European Monetary Union grew in the third quarter and Germany avoided a second consecutive quarter of decline by rising by 0.3%. Among the EMU [...]
- Global| Nov 13 2014
EMU Inflation Divergences Show Progress- But Is It Enough?
Both the chart and the table show evidence of diminishing inflation differentials within the European Monetary Union. Among the plots in the chart, we can see the EMU inflation rate, Italy's inflation rate, France's inflation rate, [...]
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