It was controversy large German current account deficit part of the release of December figures on trade. Now with exports growing strong in September imports dropping trade surplus as surge in higher Germany is going to feel even [...]
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| Nov 08 2013Germany's Trade and Current Surpluses Continue to Rise
- Global| Nov 07 2013
German IP Drops but Expansion Lies Ahead
German orders are rising strongly despite a sharp drop in industrial output in September. As goes capital goods so goes German output. So it is not surprising that a 0.9% drop in output was caused mostly by a 2.1% drop in the output [...]
- Global| Nov 06 2013
German Orders Begin to Show Some Real Life
Germany's orders advanced by 3.3% in September after dropping by 0.3% in August. Foreign orders were super-charged, boosting the headline by rising by 6.8% in the month after two months of significant month-to-month losses. Domestic [...]
- Global| Nov 05 2013
EMU PPI Falls...But Is Gaining Traction
The EMU PPI has fallen year-over-year for two months in a row. The year-over-year change in the HICP, the EMU-wide gauge for the CPI, is decelerating for three consecutive months. The core-HICP has been in a general deceleration since [...]
- Global| Nov 04 2013
Manufacturing PMI Changes Are Negative in October
The chart of the manufacturing indices for the four largest EMU members Germany, France, Italy, and Spain shows a clear topping out over the last months. France even seems to be faltering and losing ground. This evidence bristles [...]
- Global| Nov 01 2013
Peripheral Countries Are Still Lagging: Will That Continue?
Global growth has been and remained weak. The US has had consistent growth, but it has also fallen short of historic markers. Political developments make the future less certain. The US recently has attacked the `German model' of [...]
- Global| Oct 31 2013
German Consumer Climate Edges Lower with Repercussions?
The GfK consumer climate survey that extrapolates a November figure for German confidence foresees a tailing off in consumer climate in Nov. The GfK components are not updated for the projected climate reading in November, so they lag [...]
- Global| Oct 28 2013
Swedish Trade Flows Raise Questions
Sweden's seasonally adjusted Kroner-based trade data show a sharply larger surplus in August followed by a near normal surplus in September. Sweden's exports and imports both fell again in September. The trade data, though seasonally [...]
- Global| Oct 25 2013
Germany's Ifo Stalls in October
The German Ifo index has slowed over the past three months. We present the diffusion indices for the sectors and the overall measures in the table, but the Ifo also presents these measures as indices. The business climate index has, [...]
- Global| Oct 24 2013
EMU Shows Slowing But Still Growth
The EMU PMI from Markit this month shows a set back to the pace of improvement in the euro area. Manufacturing is doing a bit better, rising to a diffusion reading of 51.3 in October from 51.1 in September. That is an improvement, but [...]
- Global| Oct 23 2013
French Manufacturing Is Doing Better...But Not Much Better
The chart that maps the survey responses on the outlook for French manufacturing industrial production and prices shows that IP expectations are moving upward rapidly while the prices expectations index, after some very moderate [...]
- Global| Oct 22 2013
Canadian Retail Sales Still Spur Overall Growth
Canadian retail sales advanced by 0.2% in August. That rise was on the heels of a 0.5% rise in July. Still, the large drop in sales in June means that the sales performance over the last three months has been poor, logging a 0% growth [...]
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