ZEW experts cut their expectations for Germany by 21.3 points in October. They slashed them by 16.9 points in the United States. They lopped 21.8 points off the outlook in Japan. The French outlook is weaker by 22 points in October. [...]
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| Oct 13 2020ZEW Experts Reduce Expectations: The Thrill Is Gone?
- Global| Oct 09 2020
European Manufacturing Recovery Slows; Everything Goes 'Viral' Except Growth
Europe is recovering, but recovery is slowing. In August, 7 of 12 early reporting EMU economies showed increases in industrial production. However, the exceptions were significant as they included two of the four largest EMU [...]
- Global| Oct 08 2020
Bank of France Business Survey Rebounds Then Stalls
The Bank of France continues to look for a 16% rebound in Q3 GDP even as evidence shows that the sharp gain from Q2 lows is losing momentum and may have reached a plateau of some sort. The virus is circulating in France again causing [...]
- Global| Oct 07 2020
Surprise Drop in German IP; MFG PMI Outruns IP Itself
German manufacturing is stumbling according to the August industrial production report and that is very different from the PMI survey from Markit that says output is advancing nicely. According to Markit, manufacturing diffusion is [...]
- Global| Oct 06 2020
German Orders Continue to Surge...Still They Lag Below February Level
German orders are up strongly for four months in a row. Orders surged in May as they broke out from their April pit in the wake of lifted restrictions on the economy. Then orders spurted in June as the get-back-to-work phase deepened. [...]
- Global| Oct 05 2020
World Economy at a Crossroads?
The composite PMIs in September (manufacturing and services or nonmanufacturing) show more improvement month-to-month. There are fewer countries with PMI values below 50 indicating contraction, but both the averages and medians [...]
- Global| Oct 02 2020
Japan and Europe's Jobless Rates Rise in August
Japan's unemployment rate has risen for the second month in a row. The EMU unemployment rate has risen for five months in a row. The spread of infection has played a role in this. Japan had its peak for infections early in August and [...]
- Global| Oct 01 2020
Japan's Tankan Escapes the Deep Dive of Pessimism
There are always several different views of the reality of economic analysis and forecasts. Each observer has a different, or parallax, view reflecting different interests, expectations or methods of analysis. Still, there are certain [...]
- Global| Sep 30 2020
German Retail Sales Continue to Revive
While the virus is loose again in Europe, German retail sales logged a solid monthly gain rising by a strong 3.4% in August and propelling sales well above their pre-pandemic levels. Retail sales ex-autos are up by 6.6% from their [...]
- Global| Sep 29 2020
EU Indexes Continue to Claw Their Way Back with Speed But from the Depths
This month the EU indexes for the EMU area rose to 91.1 from 87.5; another strong month-to-month gain. There were improvements in all sector segments month-to-month. With services making a very strong gain, notching a five-point (net [...]
- Global| Sep 28 2020
Finland's Sector Confidence Indicators Waffle
Finland's EK sector survey shows a great deal of lingering weakness in Finland despite some clear signs of revival in progress. The diffusion data by sector rank retailing as the strongest with a September value of 7 followed by [...]
- Global| Sep 25 2020
Money and Credit Growth Both Slow After Spurt; And Now It Is the Virus that Is Spurting
The surge in EMU money and credit growth is passing. Gobs of monetary stimulus and fiscal actions are past their peak at least for now and probably for good. Central banks and fiscal policy cannot keep dipping so deeply in the same [...]
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