German employment growth took the expected hard hit in Q2 as jobs contracted at a 5.3% annual rate quarter-to-quarter. The year-over-year change is a drop of 1.3%. Clearly, the impact of the virus on employment levels has been [...]
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 18 2020German Employment Growth Is Whacked in Q2
- Global| Aug 17 2020
Japan's GDP in Record Tailspin
GDP falls for third quarter in a row...it's not just the virus Japan's GDP made its worst fall in 40 years. The Cabinet Office says GDP shrank at an annualized 27.8% from the previous quarter in real terms. It's the worst result since [...]
- Global| Aug 14 2020
EMU GDP Registers Broad, Deep Recession
GDP data still are not in for all counties in Q2. But, for most, the data are in and have undergone some revision and are beginning to stabilize the picture. It is not a pretty one. All the European countries in the table had severe [...]
- Global| Aug 13 2020
German Inflation Moves Lower in July
Seemingly, no one is worried about inflation. The ratcheting up in oil prices is not having an impact on headline prices. In Germany, the HICP fell by 0.8% in July after rising by 0.5% in June, driving the year-on-year HICP to a flat [...]
- Global| Aug 12 2020
Euro Area IP Continues Its Rapid-Fire Recovery
There are at least two views of the ongoing European recovery in production. One is expressed by the chart. It shows a relatively strong V-shaped rebound but one that leaves output still declining on balance in each major sector [...]
- Global| Aug 11 2020
ZEW Expectations Head for the High Ground
ZEW expectations have been high for several months. They were last negative in March then swung about 75 points in one month to hold to a positive reading in April. Despite different country and area experiences, the positive readings [...]
- Global| Aug 10 2020
OECD LEIs Continue to Turn Up But Signals Remain Weak
The OECD total amplitude adjusted LEIs are below 100 across the board, a sign that the composite statistics that form the indexes are below their normal values. These readings point to ongoing weak growth although they mark [...]
- Global| Aug 07 2020
German IP on the Mend
June provides the last observation to complete second quarter data. With that, all full Q2 gauges show extreme weakness. However, IP also clocks improvement and mostly two-months-in-a-row of improvement in June and May- that is two- [...]
- Global| Aug 06 2020
German Orders Surge in June
German orders made a spectacular comeback in June, rising by 27.9% on the back of a 10.4% gain in May. Orders had fallen in February (-1.2%), March (-15.0%) and April (-26.1%) as the coronavirus began to dog Europe. Sequential order [...]
- Global| Aug 05 2020
Global PMIs- A Rebound and a Fun-House Mirror Trick
In the movie Jurassic Park, there is a scene in which a jeep carrying the movies' 'stars' is fleeing a T-Rex. As the driver looks in the rearview mirror, you see plainly the warning that 'objects are closer than they appear.' [...]
|in:Viewpoints
- Global| Aug 05 2020
Global PMIs- A Rebound and a Fun-House Mirror Trick
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- Global| Aug 04 2020
EMU PPI Makes a Long Overdue Monthly Gain
Global growth is weak; unemployment globally has been rising from its previous cycle lows. There is slack in the global economy that is paired with ongoing weak growth. Although there is a great deal of fiscal and monetary stimulus [...]
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