US MONTHLY DEFICIT FOR NOVEMBER EXAGGERATED
WASHINGTON (MaceNews) – For deficit hawks, November looked like the perfect example of how the government’s red ink is now spreading faster but although that is expected to happen relatively soon, the acceleration this time is exaggerated. The official deficit number is $205 billion, which would be a giant leap from last year’s November, 48%. […]
ECB: TO INVEST QE PROCEEDS BEYOND RATE RISE
By Laurie Laird FRANKFURT (MaceNews) – The European Central Bank Thursday confirmed its intention to end quantitative easing at year end, despite marked signs of weakness in the euro zone economy, but stressed a commitment to reinvesting proceeds of previous bond purchases over the medium term or longer. We intend to continue to reinvesting, in […]