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 […]
WHITE HOUSE WATCH COMMENTARY: ‘PLENTY OF PROTEIN IN THE (HOBBLED) FOOD CHAIN’
By Denny Gulino WASHINGTON (MaceNews) – Kroger, with 2,700 stores, says some of them will have purchase limits on ground beef and pork, just as many other grocery chains have been imposing for weeks. It’s the end of the week and maybe you’ve run out of things to worry about. We can help. There is […]
HISTORIC 20-MILLION DECLINE IN US APRIL PAYROLLS EXPECTED
By Kevin Kastner WASHINGTON (MaceNews) – Many of the March and April U.S. data releases to this point have been worse than even the most pessimistic expectations. With that rosy thought in mind, markets and analysts will prepare for an extremely disappointing April employment report next Friday. The March employment report’s survey week fell before […]
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 […]
FORMER SR. DEPUTY GOVERNOR MACKLEM NAMED BANK OF CANADA GOVERNOR
NEW YORK (MaceNews) – Former Bank of Canada Senior Deputy Governor Tiff Macklem has been named governor of the Bank of Canada, the BOC said Friday. Macklem will succeed Governor Stephen Poloz on June 3. Macklem has been dean of the Rotman School of Management at the University of Toronto since July 2014. Prior to […]