Globally inflation trends remain subdued. In the EMU and within the EMU, inflation is low and trends are moderating and pointing lower still. The EMU headline is slightly deflating and the core is mixed. Between trends for year-to- [...]
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| Nov 18 2019
Global Inflation Trends Remain Subdued
Global| Nov 18 2019
Global Inflation Trends Remain Subdued
Globally inflation trends remain subdued. In the EMU and within the EMU, inflation is low and trends are moderating and pointing lower still. The EMU headline is slightly deflating and the core is mixed. Between trends for year-to- [...]
Global| Nov 15 2019
EMU Trade Balance Is Hovering as Trade Flows Slow
The one point of crystal clear clarity on the issue of trade is that trade flows are slowing down. One –sometimes exception is for nonmanufacturing goods where commodity prices are playing a role rather than stronger trends in [...]
Global| Nov 14 2019
GDP Finalizes for the Euro Area and It Is Disappointing
GDP in the euro area and for most members finalized for the third quarter. Three members out of eight saw weaker growth quarter-to-quarter. While four saw GDP’s year-on-year growth decelerate. Rounded to one decimal place, growth in [...]
Global| Nov 13 2019
EMU IP Registers Second Monthly Gain in a Row
EMU area IP ticked up by the smallest amount in September, rising by 0.1% after August's 0.4% gain. Still, in the just completed quarter, IP is falling at a 3.5% annual rate. Manufacturing output is up for two months running by 0.4% [...]
Global| Nov 12 2019
ZEW Survey: Sharp Revival in Expectations
The ZEW survey in November has month-to-month increases in most macroeconomic, interest rate and stock market readings. But it is not just this breadth that is impressive; it is the breadth on top of a strong change in individual [...]
Global| Nov 08 2019
German Trade Flows Show Some Life...There May Be Life on Mars, Too
The trends The German trade surplus is waffling at a level lower than it was before July of last year (see Chart). Export and import growth rates have been declining as well. Import growth that has been stronger than export growth for [...]
Global| Nov 07 2019
German IP Drop Squashes Optimism...Still the Slowdown Is Slowing
On the face of it, September was not a good month for German industrial production. Output fell by 0.6% overall, it fell by 0.5% for consumer goods, it fell by 1.5% for capital goods and it fell by 1.3% for intermediate goods. But [...]
Global| Nov 06 2019
EMU Area PMIs Quiver As German Orders Rebound But Still Shiver
Both German orders and the EU Commission's PMI gauges for the EMU show a modest upturn in their recent releases. Both fared slightly better than expected. Both are still significantly weak; the sense of overachievement will not merit [...]
Global| Nov 05 2019
PPI Has Largest Year-on-Year Drop in Three Years
The euro area PPI was weak again in September with the headline series (excluding construction) fall after falling by 0.5% a month ago. The 12-month change marks a decline of 1.3% and is weakest showing for the PPI in three years. Is [...]
Global| Nov 04 2019
Manufacturing PMI Remains Weak in and across EMU and EU
EMU manufacturing IP is declining in step with weakness in the manufacturing PMI The Markit manufacturing flash indexes are now replaced with their final gauges. Manufacturing in the EMU is slightly less weak than in its flash but it [...]
Global| Nov 01 2019
Manufacturing PMIs Continue to Demonstrate Weakness
Manufacturing PMI values that feature the ISM in the U.S. and use flash values for Europe demonstrate still weak manufacturing conditions globally. The overall average (unweighted for importance) PMI is unchanged in October at 49.3, [...]
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