DATA FLASH: US OCTOBER PERSONAL INCOME FALLS AS STIMULUS DISAPPEARS
–US October Personal Income -0.7% After +0.7% in October, Savings Rate 13.6%–Nominal PCE +0.5%, Real PCE +0.5%; Core Prices Flat–November Michigan Sentiment Index Revised Down to 76.9, Expectations Tumble By Kevin Kastner WASHINGTON (MaceNews) – Personal income fell in October, reflecting the removal of the Lost Wages stimulus package that lifted income in September, one […]
ECB’S SCHNABEL SUGGESTS EXTENDING TIME FRAME TO RETURN INFLATION TO TARGET
— Rate setter says the Bank has lost the “trust” of the public By Laurie Laird LONDON (MaceNews) — A key European Central Bank official Tuesday suggested adjustments to bank’s mandate, particularly the timing of returning inflation to target, while hinting that historically-loose monetary policy could become ever-less effective in stimulating economic growth. “It could […]
STATUS CHECK COMMENTARY- A TRUMP GOODBYE SPEECH IN THE WORKS?
WASHINGTON (MaceNews) – The following is Monday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · A Monday night to remember, when Joe Biden won the presidency, sort of. It was a time for Biden supporters to celebrate all over again. They didn’t but they could have. The […]
STATUS CHECK COMMENTARY- WHAT’S WORTH $18,818.10?
WASHINGTON (MaceNews) – The following is Friday’s status check of developments in the U.S. that can influence economic, health and political outcomes. Friday night and such shrill warnings from every side. Donald Trump is trashing democracy, says CNN. Governors imposing lockdowns and school closings are trashing democracy, says Fox News. Why doesn’t everyone acknowledge the […]
DATA PREVIEW: ODD THANKSGIVING CAPS OFF A BUSY WEEK
By Kevin Kastner WASHINGTON (MaceNews) – As a result of surging COVID cases, the upcoming Thanksgiving holiday will be the strangest on record, with a Zoom screen at the other end of the table rather than relatives. It could prevent the spread of COVID, but it may also prevent the usual Thanksgiving sporting event in […]
STATUS CHECK COMMENTARY- HISTORIC AND DARK, THE BATTLE INTENSIFIES
WASHINGTON (MaceNews) – The following is Thursday’s status check of developments in the U.S. that can influence economic, health and political outcomes. The charm and wonder of Donald Trump’s machinations to tarnish the presidency of Joe Biden took a decidedly darker turn Thursday as the president took a step that might become more than a […]
DATA FLASH: U.S. OCTOBER EXISTING HOME SALES ADVANCE FURTHER
–Existing Home Sales Rise by 4.3% to a 6.85 Million Rate, High Since Feb 2006 By Kevin Kastner WASHINGTON (MaceNews) – U.S. existing home sales surged again in October are now at the highest point since February 2006. National Association of Realtors Chief Economist Lawrence Yun said the data are “amazing” and noted that 2020 […]
STATUS CHECK COMMENTARY- EMPTY CLASSROOMS AGAIN; MORE COMING WASHINGTON (MaceNews) – The following is Wednesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. The order to close New York City schools beginning Thursday was unwelcome in the extreme but Mayor Bill de Blasio said it was necessary. The […]
STATUS CHECK COMMENTARY- THE ELECTIONS WERE FRAUD-FREE? YOU’RE FIRED.
WASHINGTON (MaceNews) – The following is Tuesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. “He had rid himself of the red sickness of battle.” So wrote Stephen Crane, in “The Red Badge of Courage.” Which relates to this presidential tweet: “The recent statement by Chris Krebs on […]
JAPAN OCT EXPORT DROP SMALLER THAN FORECAST AMID GRADUAL PICKUP
By Max Sato (MaceNews) – Japanese exports stayed on course toward gradual recovery in October, marking a much smaller year-on-year drop than expected, thanks to solid demand for automobiles and semiconductor-making equipment, trade data released Wednesday by the Ministry of Finance showed. But both economists and Japanese policymakers warn that the outlook for external demand […]