The IFO climate index rose to a net value of 1.2 in November from 1.1 in October as current conditions weakened to a net of 5.1 form 5.9 and expectations weakened sharply to -8.1 from -1.4. As the virus impacts Germany, the current [...]
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 24 2020IFO Outlook Loses Momentum
- Global| Nov 23 2020
PMIs Bend lower in EMU on Covid-19 Actions; Service Sector Has Been Hammered; Manufacturing Is Blunted
The European/U.S. Divide It can be lost on no one that economies in Europe, the U.K., and even Japan are being beaten back by the Covid-19 virus and actions to contain it, while the U.S. seems to skate by unscathed. Ranked against the [...]
- Global| Nov 20 2020
U.K. Retail Sales Rebound Strongly; Deck the Halls! Or Dock the Enthusiasm?
U.K. retail sales have rebounded strongly in October, rising by 1.4% after a 1.2% gain in September. Retail sales in the U.K. are higher on all three horizons: 12 months, six months and three months. Over the recent three months, [...]
- Global| Nov 19 2020
U.K. Manufacturers Lose Hope
Some people live for hope. Others see hope as an opiate to get through the day. In reality, 'hope' is the quintessential 'four-letter word' because if it is improperly calibrated, it can be used for manipulation. But if it is fairly [...]
- Global| Nov 18 2020
Europe's Car Registrations Fall, Rebound...and Lag
To some, this chart may looks a lot like things are back to normal... but they are not The table below that presents growth rates on several established fixed timelines reveals some of wildness and complexity in evaluating car [...]
- Global| Nov 17 2020
Canada's Housing Starts Rise As Recovery Stays on Track
Housing starts in Canada rose in October after a sharp drop in September when multi-unit activity backed off sharply. The increase in starts is attributed to single-detached urban starts which dominated some slight weakness in urban [...]
- Global| Nov 16 2020
Japan's GDP Springs Back to (toward) Life
Japan's third quarter growth result is a step in the right direction. Of course, it does not get Japan out of the hole dug in Q2 (…and Q1…and Q4). Japan has been struggling for some time with a variety of issues. Quite distressingly, [...]
- Global| Nov 13 2020
EMU GDP Growth Gets the Urge to Surge in Q3
EMU GDP and across the EMU made rousing gains in Q3. The percentage gains Q/Q exceeded the percentage losses for the previous quarter in every case except for Denmark and Finland. Despite that gap (and the illusory arithmetic of those [...]
- Global| Nov 12 2020
Euro Area IP Falls After Four Months of Expansion
Of the 12 EMU member countries in the table, seven logged manufacturing IP declines in September. This total contrasts with four in August and none in July. Over three months, only one country, Ireland, shows a decline in output. Over [...]
- Global| Nov 11 2020
Portugal's Inflation Remains Controlled and Low Which Is More Than You Can Say for Its Encounter with the Virus
Portugal's inflation rates in October show continued temperance. The year-on-year HICP is lower by 0.6% compared to a 0.1% decline for both the national CPI and the national CPI core measure. Inflation momentum shows the HICP measure [...]
- Global| Nov 10 2020
ZEW: A Mixed Month at a Mixed-up Time
The economic situation is evaluated by the ZEW experts as a mixed situation in November. Expectations are not as fragmented and are viewed as weaker across the board. Inflation expectations are weaker everywhere as well. Interest rate [...]
- Global| Nov 09 2020
OECD LEIs Claw Their Way to a More Positive Configuration
The OECD LEIs remained below 100 in October as they have been for a series of months. Only China poked its head up above the key 100 level in October. China’s index was last above 100 in January 2018. The United States was last above [...]
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