WHITE HOUSE WATCH COMMENTARY: SOMETHING OFF KILTER IN A SHAKY WEEK
By Denny Gulino WASHINGTON (MaceNews) – There were moments in the week just past when everything made sense, virus deaths were leveling in many areas including the New York City metro, the government’s efforts to massively ramp up the acquisition and production of medical gear were on track and the markets were moderately positive. The […]
FULL COVID SHUTDOWN IMPACT WILL BE ON DISPLAY IN NEXT WEEK’S US DATA
By Kevin Kastner WASHINGTON (MaceNews) – After a week that showcased weakness in the U.S. housing market, analysts and financial market participants should prepare themselves for even more disappointing data next week. The mid-week FOMC meeting gives the Committee an opportunity to offer more consoling words, but any new actions would be even more appreciated. […]
WHITE HOUSE WATCH COMMENTARY: TIME A FLUID CONCEPT IN WORLD OF VIRUS
By Denny Gulino WASHINGTON (MaceNews) – The corona virus particle is identical around the world as is the basic physiology of the human organism it has evolved to use as a host and yet the reaction to its arrival and spread are so different and along timelines that can vary by months. Australia announced Thursday […]
DATA FLASH: US INITIAL CLAIMS KEEP PILING UP; NEW HOME SALES PLUNGE
–Initial Claims Level Fall by 810,000/4.427 Mln–Continuing Claims Still Have More Room to Rise–New Home Sales -15.4%/627,000; Social Distancing To Cut Deeper in April–Markit Data Show Factory, Services Conditions Deteriorated Further By Kevin Kastner WASHINGTON (MaceNews) – The growth rate of initial claims slowed modestly in the April 18 employment survey week but remain elevated, […]
WHITE HOUSE WATCH COMMENTARY: ROGUE GOV CHALLENGES WHT HSE, CHAPTER TWO
By Denny Gulino WASHINGTON (MaceNews) – In this episode the carefully wrought White House guidelines for how to bring the U.S. economy back to life in the midst of a pandemic are still challenged by a rogue governor, but all is not the same as in the Tuesday night installment. To recap, the question posed […]
WHITE HOUSE WATCH: FINALLY, TIME TO GET THAT ‘FIRE FAUCI’ TATTOO
–Tension at the Top Over Pending Reopenings By Denny Gulino WASHINGTON (MaceNews) – Thank heavens, tattoo parlors will reopen in a week throughout Georgia. If you’re trying to decide between “Fire Fauci” and “Lock him (her) up,” we’ll leave it up to your good judgment. Your wife can stop in to the nail salon and […]
US ENERGY SECRETARY: INDUSTRY AID TO FOCUS ON EXISTING PROGRAMS
–Oil-Producing States Cooperating To Influence Oil Price A ‘Murky Area’ WASHINGTON (MaceNews) – U.S. Energy Secretary Dan Brouillette Tuesday said the Trump administration is unlikely to unveil brand-new measures to support the country’s battered oil and gas sector, and will instead leverage existing credit programs funded by emergency legislation. In an interview on CNBC, Brouillette […]
DATA FLASH: US EXISTING HOME SALES PLUNGE IN MARCH, FIRST OF MANY DIPS
–NAR’s Yun Sees Continued Disruptions, Lower Inventories, Higher Prices By Kevin Kastner WASHINGTON (MaceNews) – U.S. home resales slowed dramatically in March, falling by 8.5% to a 5.27 million annual rate after a February gain, the slowest pace since April 2019 and below the 5.40 million rate expected. The current month’s data still reflect some […]
WHITE HOUSE WATCH: IS OIL SPECIAL OR LOTS OF BOTTOMLESS HOLES?
By Denny Gulino WASHINGTON (MaceNews) – It’s the night of the living dead in Houston, where the unthinkable happened, oil became worthless. In fact, oil became even worse than worthless. It was a day so bad that you had to pay people to take it. If you were a trader who never took delivery, only […]
WHITE HOUSE WATCH: ‘DECLINING TRAJECTORY’ DOES NOT NECESSARILY MEAN DECLINING
By Denny Gulino WASHINGTON (MaceNews) – The first rule of virus reporting is to focus on what the virus is doing, despite the many distractions from the White House and statehouses, from anti-mitigation demonstrations to progress reports on testing and the chronic complaints of short supplies. On a beautiful Sunday in many parts of the […]