WHITE HOUSE WATCH COMMENTARY: WELCOME TO THE VIRUS TASK FORCE
By Denny Gulino WASHINGTON (MaceNews) – A visiting Iowan was in the Oval Office Wednesday and the president said, “I think you should be on the Task Force. Would you like to do that? And so another day in the White House demonstrated that the mantra for everyone on the Wall Streets of the world, […]
US TREASURY TO LIFT AUCTION SIZES TO MEET MASSIVE BORROWING NEED
By Kevin Kastner WASHINGTON (MaceNews) – The U.S. Treasury plans to raise the sizes of all its nominal securities auctions to meet the pressing fiscal need of the COVID-19 crisis, their quarterly refunding statement released on Wednesday showed. On Monday, Treasury had announced that it expected to borrow $3 trillion in the current quarter, much […]
WHITE HOUSE WATCH COMMENTARY: WHY FIXATE ON FACTS – OR ‘FACTS?’
By Denny Gulino WASHINGTON (MaceNews) – The Corona Virus Task Force has done its job and the new projections of virus death tolls are so high because they assume no further mitigation efforts. Facts? Who are we to question high officials? Why does anyone question anything? Profound questions – about questions – which probably relate […]
FED’S CLARIDA, BULLARD LOOK FOR ECONOMIC RECOVERY THIS YEAR
–US Stocks Sag When Clarida Reminds Fed Emergency Lending Only Temporary WASHINGTON (MaceNews) – Federal Reserve Vice Chair Richard Clarida Tuesday said recovery from the economic shutdown “can commence in the second half” while St. Louis Fed President James Bullard said he sees the fourth quarter as when the virus can be put “behind us.” […]
CHICAGO FED’S EVANS: ‘REASONABLE’ TO EXPECT RECOVERY BY 2H 2020, BUT LOOKING ‘QUARTER BY QUARTER’
By Suzanne Cosgrove CHICAGO (MaceNews) – After a sharp contraction in the first half, it is “reasonable” to expect the US economy to pick up in the second half of 2020, Chicago Federal Reserve Bank President Charles Evans said Tuesday. In a media conference call, Evans cautioned that he would have to evaluate economic conditions […]
TEXAS OIL REGULATOR VOTES AGAINST CAPPING STATE’S OIL PRODUCTION LEVELS
–Waives Fees, Relaxes Regulations To Support Companies And Boost Storage Capacity By Brai Odion-Esene, SW4 Insight, for Mace News WASHINGTON (MaceNews) – Texas’ oil regulator Tuesday decided against imposing limits on production by the state’s energy industry, but approved financial and regulatory relief to struggling oil companies. The measures passed by the Texas Railroad Commission focused […]
WHITE HOUSE WATCH COMMENTARY: LET’S NOT ABANDON VIRUS HAPPY TALK TOO SOON
By Denny Gulino WASHINGTON (MaceNews) – The economy’s is going to be back soon, bigger and better than ever, testing is in great shape and we’re going to have stadiums packed shoulder to shoulder and one more thing, sometimes fantasy isn’t all bad. Watching the crowds at the Michigan statehouse protesting and in Boston and […]
WHITE HOUSE WATCH: ABOUT A THIRD OF AMERICANS SAY VIRUS NOT MUCH OF A WORRY
By Denny Gulino WASHINGTON (MaceNews) – A divided nation consumes the news in a divided way so for Republicans, a revered president answered questions completely and in detail Sunday night at the Fox News virtual Town Hall titled “America Together: Returning to Work.” For Democrats who expressed themselves on social media, the reaction was, as […]
DATA FLASH: US APRIL MANUFACTURING ISM CONTRACTS SHARPLY
–Regional Data, Markit Survey Also Soft as Full COVID Impact Hit–March Construction Spending Up on Home Remodeling By Kevin Kastner WASHINGTON (MaceNews) – The April ISM index Friday showed U.S. manufacturing sector activity contracted sharply, confirming the disappointing regional and Markit data that preceded it. Conditions are unlikely to improve until businesses are given the […]
WHITE HOUSE WATCH COMMENTARY: ‘OPERATION WARP SPEED’ AND THE CONTACT TRACERS
By Denny Gulino WASHINGTON (MaceNews) – Like everything having to do with Covid-19, the U.S. will likely be way late in having enough contact tracers in place, ready to pounce on every new case of infection to isolate those who spent some time close to anyone tested positive. Listening Thursday to New York Gov. Andrew […]