STATUS CHECK: DANCING AWAY FROM GRIM 200,000
WASHINGTON (MaceNews) – The following is Tuesday’s status check of developments in the U.S. that can influence economic, health and political outcomes Yes, everyone is focusing on the obscene 200,000 death toll, actually 201,800 by one count by now, just as “Status Check” did Monday night. And 33 states now seeing higher case rates again, […]
DATA FLASH: U.S. EXISTING HOME SALES HIGHEST SINCE HOUSING BOOM
–Existing Home Sales Rise by 2.4% to a 6.00 Million Rate By Kevin Kastner WASHINGTON (MaceNews) – U.S. existing home sales rose further in August due to near record low mortgage rates, cutting into supply and driving prices up further. National Association of Realtors Chief Economist Lawrence Yun said that housing appears to be in […]
BANK OF ENGLAND’S BAILEY SETS THE STAGE FOR RATE CUT
By Laurie Laird LONDON (MaceNews) – The UK’s top central banker sketched out the details of the Bank of England’s deliberations on sub-zero interest rates on Tuesday, dropping his heaviest hint yet that rates could fall into negative territory over the medium term. “We’ve got to work with the banks” to ensure that negative rates don’t […]
STATUS CHECK: MANY STORIES, MUCH POLITICS, ONE BIG REALITY
WASHINGTON (MaceNews) – The following is Monday’s status check of developments in the U.S. that can influence economic, health and political outcomes Top of the Monday news, simply the 200,000 coronavirus deaths in the United States. OK, maybe 182 short of that according to John Hopkins University of Medicine. By Tuesday it will be there. […]
ITALY LOCAL VOTE WEAKENS CONTE GOVERNMENT; THREATENS TO DELAY QUICK EU AID
By Silvia Marchetti ROME (MaceNews) – Italy’s local elections on Sunday-Monday have further weakened the ruling coalition and the outcome is likely to delay the approval of a key plan by parliament to apply for European pandemic aid. The center-right League Party of populist Matteo Salvini triumphed in the Marche region, a traditional Democratic stronghold, […]
ECB’S LAGARDE: RECOVERY REMAINS UNCERTAIN; GOV COUNCIL MONITORING EURO STRENGTH
— ECB President Makes No Mention of Any Review of Asset Purchases By Laurie Laird LONDON (MaceNews) – The eurozone economy faces an uncertain future, despite evidence of a robust third quarter rebound, according to the eurozone’s top central banker. “While incoming data suggest that we will see a strong rebound during the third quarter, […]
STATUS CHECK: AN OUTSTANDING LIFE BECOMES HISTORY
WASHINGTON (MaceNews) – The following is Friday’s status check of developments in the U.S. that can influence economic, health and political outcomes The “notorious RBG” days before her death was reported to have told her granddaughter Clara Spera, “My most fervent with is that I will not be replaced until a new president is installed.” […]
DATA PREVIEW: HOUSING SECTOR FUELED BY LOW RATES
By Kevin Kastner WASHINGTON (MaceNews) – While the retail and manufacturing sectors continue to improve from their spring lows, neither have received the benefits of record low interest rates as much as the housing sector. In the upcoming light data week, August home sales data will take center stage. After double digit gains in July, […]
FED’S BULLARD: ECONOMY CAN BOUNCE BACK QUICKLY; JOBLESS RATE DROPPING
NEW YORK (MaceNews) – St. Louis Fed President James Bullard Friday offered a sunny view of the economic outlook, saying the economy continues to rebound as businesses adapt to the pandemic, and unemployment is headed down to 6.5% by December. Bullard said much of the rise in unemployment has been due to temporary layoffs, and […]
STATUS CHECK: MORE ROUTINE JOBLESSNESS, POLITICAL SLURS
WASHINGTON (MaceNews) – The following is Thursday’s status check of developments in the U.S. that can influence economic, health and political outcomes: The news of the day was pretty routine. Another former White House insider, Olivia Troye, accused President Trump of being a hypocrite and in turn was described by the White House as just […]