I know it is cynical to write about the second quarterly EMU GDP rise after six consecutive quarters of declines and to feature a chart of the growth of some of the weakest EMU members. After seeing GDP broke out of its declining ways [...]
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 14 2013EMU GDP Is Advancing, but Not for All Members
- Global| Nov 13 2013
IP European-style Continues to Tease European Paradox
EMU industrial production has fallen in eleven of the past 20 months. The chart shows that year-over-year IP growth has been snaking along, just below zero, for some time. Other metrics like the manufacturing and services PMIs from [...]
- Global| Nov 12 2013
OECD Leading Indicators Confirm Strength in Euro-periphery
The OECD leading economic indicators are a good short hand way to assess trends across various economies. The chart on the left shows that the US expansion seems to have steadied. Europe's momentum is strong as its indicator is moving [...]
- Global| Nov 11 2013
Greek Trade Trends Set to Sour
For most of the period since the financial crisis ended, Greek exports continued to outpace weak imports. But over the last year exports have fallen by 2.3% while imports have risen by 2.0%. As a result of that mix, the Greek [...]
- Global| Nov 08 2013
Germany's Trade and Current Surpluses Continue to Rise
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 [...]
- 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 [...]
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