ECB’S LAGARDE URGES GOV’T, PRIVATE EQUITY SUPPORT FOR EUROPEAN TECH
–Lagarde Makes No Mention of Monetary Policy in Address to Frankfurt Banking Conference By Laurie Laird LONDON (MaceNews) – Up-and-coming European technology firms could greatly benefit from more extensive support from governments and from the private equity industry, according to the continent’s top central banker, outlining her views on the future of employment in a post-Covid […]
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 […]
ECB’S LAGARDE: ASSET PURCHASES, CHEAP FINANCING ARE KEY TOOLS VS LATEST DOWNTURN
By Laurie Laird LONDON (MaceNews) – Europe’s top central banker suggested that expanded asset purchases and enhancements to the Bank’s long-term finance scheme are best suited to counter the latest eurozone downturn, while urging national governments to keep the fiscal taps flowing. “While all options are on the table, the pandemic emergency purchase programme (PEPP) […]
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 […]
LAGARDE HINTS AT REINTERPRETATION OF ECB MANDATE
–– Repeats HICP May Not Accurately Reflect Eurozone Inflation By Laurie Laird LONDON (MaceNews) – The leader of the European Central Bank hinted at a reinterpretation of the Bank’s price stability mandate and raised questions over the accuracy of the Bank’s key measure of inflation. “We have to be smart about the components that go […]
DATA FLASH: RETAIL SALES GROWTH SLOWS, UP 0.3% IN OCTOBER
–Retail Sales Ex-Motor Vehicles Rise Only 0.3%; Clothing Sales Reverse–Industrial Production Jumps By 1.1% as Utilities Production Rebounds–Business Inventories Up 0.7% in September, Business Sales Up 0.6% By Kevin Kastner WASHINGTON (MaceNews) – Retail sales rose only modestly in October, a much smaller increase than in previous months, the Commerce Department reported Tuesday. Total retail […]
BOE’S BAILEY URGES GREATER PRIVATE INVESTMENT IN COVID RECOVERY
— No Mention of Monetary Policy in Remarks to CityUK Conference By Laurie Laird LONDON (MaceNews) – The governor of the Bank of England has called for enhanced private investment to finance the UK’s economic recovery, lamenting low levels of business investment that pre-date the Covid slowdown. “We live in a time where there appears […]