Well, it's a semi-official conclusion, if preliminary, but it nonetheless seems to be true that recession in the European Monetary Union is over. The GDP release is only at its 'flash value' which gives us the preliminary headline [...]
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| Aug 14 2013It's Official (If Preliminary) as EMU Recession Ends
- Global| Aug 13 2013
ZEW Index Rises on Both of Its Legs
Last month Germany's ZEW index rose on only one leg while this month it rises on two, as both current conditions and expectations have improved month-to-month. Last month, as the current index advanced to 10.6 in July from a reading [...]
- Global| Aug 12 2013
Japan Slows Quarter-to-Quarter
Abe's economics (Abe-nomics) is not exactly stumbling, but neither is it hitting the home run that it seemed to be when the program first was launched. GDP in the second quarter is up at a stronger pace year-over-year at 0.9% compared [...]
- Global| Aug 09 2013
French IP Falls Unexpectedly
French industrial production fell by 1.4% in June, a surprising development that was largely unexpected. The optimism gene has spread in Europe; expectations are that Europe has turned the corner and that growth is going to continue [...]
- Global| Aug 08 2013
OECD LEIs Show Growth for the Most Part
The OECD indices of Leading Economic Indicators show, for the most part, continuing growth in the OECD area and in its largest economies. Even so, there are irregularities. The OECD reports on its indices as follows: - The CLIs for [...]
- Global| Aug 07 2013
German IP Jumps After Stumble
Germany: an export-led growth spurt in action- As go capital goods, so goes Germany. German industrial orders have been increasing and showing that the greater part of their increase is coming from the foreign sector. Germany has long [...]
- Global| Aug 06 2013
Germany: the Leader That Is a Strong Follower?
Germany is the strong economy of Europe. However, Germany is a strange strong economy. As the table above shows, in June, German orders are rebounding, rising by 3.8% after falling for two months in a row. Foreign orders have now [...]
- Global| Aug 05 2013
Services Metrics Show Weakness in the Periphery
The chart plots the course of the services PMIs for the European monetary union versus three of the BRIC countries: India, China and Russia. It shows that the developing economy service sectors have tended to be stronger than Europe [...]
- Global| Aug 01 2013
Global Conditions Show Great Variation
There is a great deal of variation for countries among their manufacturing sectors over the recent time horizon. Indonesia, Vietnam, the US, the UK and Canada generally have the highest values when we evaluate the standing of their [...]
- Global| Jul 31 2013
German Retail Sales Sour
Retail sales in Germany fell unexpectedly in June by 1.2% after gaining 1% in May. With data for the quarter now complete, retail sales ex- autos are rising at a 1.9% annual rate in the second quarter in Germany. Car sales, or [...]
- Global| Jul 30 2013
EMU/EU Indices Show a Real Rebound
The EU index in July rose to 95 from 92.6, a relatively large jump the ranks 20th out of about the last 250 observations; that places it in the top 11% of all monthly changes over that period. Consumer confidence made a particular [...]
- Global| Jul 29 2013
Italian Confidence Follows Up on Its Spurt
Italian business and consumer confidence improved in July. Both series- with special emphasis on the consumer series- increased sharply in June and have followed that up with another gain in July. That improvement continues in July [...]
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