Japan's trade deficit lingers as trade flows continue to implode and fall at ever faster rates over shorter horizons- from 12-months to six-months to three-months. In June, exports logged only their fourth increase in the last 14 [...]
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| Jul 20 2020Japan's Trade Deficit Lingers
- Global| Jul 17 2020
EMU Inflation Remains Moderate and Growth Undernourished; Can the EU Agree to a Stimulus Deal?
EMU inflation is weak. Inflation trends are weak and over the past 5 years inflation has been consistently below its targeted pace. That explains why the ECB has engaged in all sorts of policies to try to revive growth and is still [...]
The coronavirus has distorted everything and that is not going to stop. It is also hard to tell what kind of rebound to expect and once we get one to tell if it will last. This is because of the hokey-pokey policy of deferring to the [...]
|in:Viewpoints
- Global| Jul 15 2020
Canadian Orders Make Modest Rebound
After a sharp fall in April and a plunge in March, Canadian factory orders sprang back to life in May. The 9.4% gain is sharp by historic standards, but it comes in the wake of the declines orders have seen in previous months and the [...]
- Global| Jul 14 2020
ZEW Macro Expectations Bend Lower After Rebound
The three exhibits serve to summarize the thinking, assessments, and history of the ZEW financial experts on the global situation. These exhibits, beginning with the graph, show an extended period of weakening expectations, [...]
- Global| Jul 13 2020
Japan's Tertiary Sector Weakens; Has It Gone Viral?
Japan's tertiary sector slipped for the fourth month in a row in May as did mining and manufacturing. The three-month, six-month, 12-month sequential averages of the index levels are falling except for construction. Percentage changes [...]
|in:Viewpoints
- Global| Jul 10 2020
Italian and French IP Make Strong But Incomplete Recoveries
French IP rose by 22.0% in May while Italian IP gained 47.3% on the month. Both of those results, in isolation, are stunning numbers. But after the dust and smoke and mirrors of the rebound are carried away, IP in France is still [...]
- Global| Jul 09 2020
German Trade Rebounds
German exports gained sharply in May but not quite as sharply as expected, rising by 9.0% month-to-month. Despite that surge, exports are still declining at accelerating rates from 12-months to six-months to three-months. Imports also [...]
- Global| Jul 08 2020
Japan's Economy Watchers Index Rebounds
Japan's economy watchers current index jumped to 38.8 in June from 15.5 in May. The index had largely been in a range from 37 to 47 from August 2019 to January 2002. It then slipped to 27.4 in February and again to 14.2 in March and [...]
- Global| Jul 07 2020
German IP Makes First Gain in Three Months: Still Not Impressive
Germany logged its first rise in IP in three months. Even so, the gain was less than expected and the ongoing drop in German IP overall as well as by sector (see graph) remains severe. The EU is preparing some sort of a stimulus [...]
- Global| Jul 06 2020
German Orders Bounce Sharply Higher After a Devastating Run of Weakness
Germany's orders rebounded sharply in May after a devastating run of extreme weakness in March and April. Still over the last 24 months, there have only been eight monthly increases as there has been a period of weakness that preceded [...]
- Global| Jul 02 2020
EMU Unemployment Ticks Higher; The Virus and Very Different National Impacts on Unemployment
Unemployment rates rose broadly in May. The EMU unemployment rate ticked higher to 7.4% in May from 7.3% in April. Since 1991, the EMU rate of unemployment rates among the lower 6% of all rates of unemployment for the region. The [...]
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