Money and credit trends have become somewhat complicated. In the table below, money and credit growth broadly decelerate over three months compared to six months. But year-on-year growth compared to its 2-year pace has accelerated [...]
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 27 2020Globally Money and Credit Growth Slow
- Global| Oct 26 2020
IFO Expectations Back Off
The German IFO survey for October produced a gain of 1.4 points in overall 'Climate,' a progression of 5.9 points on its current all-sector index was logged as well as a decline of 0.7 on the all-sector index for expectations. For [...]
- Global| Oct 23 2020
The Virus Continues to Trump the Global Economy; PMIs Broadly Weaken or Tread Water Except in the U.S.
In October manufacturing generally gained a little ground while the services sectors generally eroded for the sample economic units in the table. The U.S. services sector was a major exception, however, as it move strongly higher. As [...]
- Global| Oct 22 2020
French Manufacturing Steps Back After Five Months of Gains
The French INSEE survey shows a reduction in the industry climate gauge in October as that gauge drops to 93.4 from 94.5 in September marking the first decline after five straight months of expansion. This basic table, which I use [...]
- Global| Oct 21 2020
U.K. Inflation Fluctuates in a Low Band
Sequential U.K. inflation (from 12-months to six-months to three-months) has no clear trends, but its profile remains in a low band of outcomes ranging between a pace of 1% and 0.1%. Core inflation (also excluding tobacco and alcohol) [...]
- Global| Oct 20 2020
German Inflation Is Still Falling But Show Signs of Stirring
German PPI trends continue to be weak and show prices declines when expressed as year-over-year changes. The German PPI now has eight monthly declines in a row logged for its year-over-year PPI change. The year-on-year drops was [...]
- Global| Oct 19 2020
Japan's Trade Surplus Grows
Japan has a string of three-monthly surpluses in a row, the first such string since 2017. Both export and import trends have been declining with both flows generally falling since late-2018 or early-2019. While year-on-year trends [...]
- Global| Oct 16 2020
European Car Registrations Rise in September But Do So in Reverse Gear
September marks the first year-on-year gains in car registrations for 2020. Registrations are now up by 2.9% over September of one-year ago. Sales also show growth surging strongly over six months and over three months, but the pace [...]
- Global| Oct 15 2020
Japan's Surveys: Service Sector Recovery Is Much Less Than Complete
Japan's service sector index (tertiary sector from METI) is the most recent reading on Japan's economy. That index rose to 95.1 in August from 94.3 in July. However, it has a 3.1 percentile standing based on its y/y growth rate and [...]
- Global| Oct 14 2020
Japan's IP Moves Up But With Less Pace
Japan's industrial sector remains on the mend, but its rise in output in August is starkly weaker than in July when it surged. The recovery from the covid-19 episode continues, but it is a recovery that now appears to be more drawn [...]
- Global| Oct 13 2020
ZEW Experts Reduce Expectations: The Thrill Is Gone?
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. [...]
- 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 [...]
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