Italian IP rose by a strong 3.4% month-to-month in January after falling by 2.4% in December. December’s losses were across the board, and similarly, January’s gains are also across the board. Despite the late in-the-quarter drop in [...]
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| Mar 10 2020Italian IP Has Strong January Rebound...but Don’t Extrapolate It
- Global| Mar 09 2020
German IP Shows Some Life in January; The Eye of the Storm: Post Trade Wars Pre-Corona
Arguably Germany's industrial production finds itself in the eye of the storm. There is some January rebound as U.S. China tensions ratcheted down with the year-end Phase-One trade deal. With that, markets began to breathe a sigh of [...]
- Global| Mar 06 2020
German Orders Make Strong Rebound
German orders rose by 5.5% in January after falling in each of the two previous months. The sharp gain is enough to boost growth positive over both three months and six months and to put orders on an accelerating path. The January [...]
- Global| Mar 05 2020
Euro Area Inflation Remains Controlled
In the euro area inflation remains well under the ECB’s just-less-than-2% objective. Globally inflation has been tame as the economic outlook has been pulled back. Oil prices have pulled back as well as the OPEC is resorting to some [...]
- Global| Mar 03 2020
Inflation's Comeback Is Blunted As Coronavirus Is Hunted
EMU inflation was dead flat at zero in February; the year-on-year rate ticked down to 1.3% from 1.4%. The German economy saw its year-on-year rate rise in February compared to January. But in France, Italy, Spain and in all of the [...]
- Global| Mar 02 2020
MFG PMIs Bounce But Beware the Corona Effect Is Coming; Unstoppable Force Meets Immovable Forecasts
Let me explain the title. The coronavirus is spreading. And that is clear. The impact on China is huge. That is clear. And yet no economist will forecast recession anywhere- or so it seems. We hear of zero growth or zero growth for [...]
- Global| Feb 28 2020
Japan's Indicators Show a Lethargic Economy
Japan's growth is fading New reports on retail sales, industrial production and housing starts do not change the sense of weakness in Japan's economy. In January, retail sales rebounded to gain 1.2% month-to-month. However, housing [...]
- Global| Feb 27 2020
EU Indexes Show Monthly Improvement; Can It Be Sustained?
The EU Commission sector indexes showed improvement or stability in February with no declines logged among the major components. Among the 18 reporting EMU members, only five showed a decline in overall sentiment on the month compared [...]
- Global| Feb 26 2020
French Household Confidence Edges Up
French household confidence edged up to 104.4 in February from 103.7 in January. The index is moderately strong at that level with a percentile queue standing of 74.5%. Still, the status of the index and its momentum is unclear since [...]
- Global| Feb 25 2020
French Sector Climate Gauges Rise Gradually
The French business climate gauge moved up to 102.5 in February from 101.9 in January striking a 2.3 percentile standing just above its historic median. It is a reading slightly above ‘normal' and the highest mark reached since August [...]
- Global| Feb 24 2020
German IFO Index Shows SLIGHT Expectation Improvement Contrary to Zew Survey ...as the Corona Impact Infects [...]
With the coronavirus spreading to Europe and now harassing economic conditions in Italy spreading to Iran and Iran in turn spreading it in the Middle East, it is clearly a time to micro-manage the outlook. Every new piece of [...]
- Global| Feb 21 2020
PMIs Stabilize in February...Except in Japan and the U.S.
Markit flash (early release and preliminary) PMIs show (1) still-weak conditions in the EMU, (2) stabilization in the services sector, (3) an ongoing improvement in the manufacturing sector PMI even though it continues to show sector [...]
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