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 [...]
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 10 2020OECD LEIs Continue to Turn Up But Signals Remain Weak
- 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
SUBTT
- 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 [...]
- Global| Aug 03 2020
MFG PMIs Show Revivals But Not Strength
Manufacturing largely improved in July and it has been improving in the past few months. But the sector is coming out of a period of extraordinary weakness. So this is more like a patient improving in intensive care after surgery than [...]
- Global| Jul 31 2020
Japan's IP Rebounds
Japan's industrial production gained 2.7% in June after an 8.9% fall in May and a bigger drop in April. While the various growth rates over different tenors (see Chart) are slowing over more recent horizons, there is no reversal in [...]
- Global| Jul 30 2020
EU Sentiment Indexes Continue Their Rebound
The European Commission economic sentiment gauge for the EMU improved again in July, rising to 82.3 from June’s 75.8. However, it still has a queue standing in its 7.8 percentile, marking it as lower than this less 8% of the time. The [...]
- Global| Jul 29 2020
French Household Confidence Eases Unexpectedly
French household confidence according to the survey from INSEE slipped to 94.1 in July from 96.3 in June instead of advancing as expected. At this reading, household confidence has as queue standing in its 41.6 percentile, below its [...]
- Global| Jul 28 2020
U.K. Retail Mounts a Comeback But It Has Its Limitations
The CBI U.K. retail sales survey moved sharply higher to the still weak reading of +4 in July, rising from the -37 reading logged in June after an abysmal -50 reading in May. At least the CBI survey has climbed back to positive [...]
- Global| Jul 27 2020
German IFO Gauge Improves; Expectations Improvement Paves the Way Ahead
The German IFO diffusion index moved up to -7.5 in July from -17.1 in June. The queue standings of the index since 1991 is at its 34.6 percentile; since 2016 it is lower at its 7.3 percentile. On either historic comparison, it is a [...]
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