WHITE HOUSE WATCH UPDATE: ‘NOTHING WRONG?’ ‘INAPPROPRIATE?’ ACQUITTAL?
–Final Senate Trial Verdict Vote Set For Wednesday 4p ET –Senate Rejects Calling Witnesses 51-49 By Denny Gulino THE WHITE HOUSE (MaceNews) – Remember when an inverted yield curve was top of mind? Or Brexit? Or Iran’s Gen. Qasem Soleimani? Or Kim Jong Un? China tariffs? Mattis? Comey? Khashoggi? Or – wait a minute, let’s […]
TEXT: US 4Q GDP TECH NOTE; LOWER IMPORTS HELP
WASHINGTON (MaceNews) – The following is the Bureau of Economic Analysis technical note that accompanies the Thursday report on fourth quarter GDP: Real GDP and Related Aggregates Real GDP increased 2.1 percent (annual rate) in the fourth quarter of 2019, the same increase as in the third quarter. The increase in fourth quarter real GDP […]
FED’S POWELL: TOO SOON TO KNOW EFFECT OF WUHAN VIRUS ON CHINA; US INSULATED
–Sees ‘Cautious Optimism’ Growing About the Global Economy By Denny Gulino WASHINGTON (MaceNews)- Federal Reserve Chair Jay Powell, carefully reading some answers from a script, Wednesday afternoon said it is too soon to know the effect of the Wuhan virus on China’s economy but the U.S, is somewhat insulated because its economy mainly depends on […]
TEXT: FOMC STAYS PUT; NO DISSENTS
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday did not choose any unexpected action, sticking to its stand-still posture with no change in rates and virtually no change in its policy statement which follows, boldfaced emphasis added: Information received since the Federal Open Market Committee met in December indicates that the labor market remains […]
WHITE HOUSE WATCH: FROM A MIDEAST DREAM TO WILDWOOD, N.J.
By Denny Gulino THE WHITE HOUSE (MaceNews) – Questions raised on a Tuesday: Is peace in the Middle East now any closer? Is the removal from office of President Trump and/or the Israeli prime minister any closer? Is the nation’s deepening black hole of debt really as bad as newly described? The optimistic view is […]
EXCERPTS/CBO UPDATE; DEBT OUTLOOK UNSUSTAINABLE, GETTING WORSE
WASHINGTON (MaceNews) – The following are excerpts from the nonpartisan Congressional Budget Office’s January semiannual update of the budget and economic outlook estimates published Tuesday. The full text is available at cbo.gov. Budget Outlook for the Next 30 Years Beyond the coming decade, the fiscal outlook is daunting. In the Congressional Budget Office’s projections, growing […]
WHITE HOUSE WATCH UPDATE: SWIRLING THREATS AND OPPORTUNITIES AT THE GATES
By Denny Gulino THE WHITE HOUSE (MaceNews) – President Trump Monday reached for legacy-building opportunity in the Middle East as threats – among them the market-stifling corona virus, John Bolton, the Taliban and others – seemed to be tangible just beyond the extra-secure White House gates. As the temperature began to fall and overcast replaced […]
WHITE HOUSE WATCH: A REACH TO THE HEAVENS, FAR ABOVE IMPEACHMENT
By Denny Gulino THE WHITE HOUSE (MaceNews) – Often underestimated is how sturdy is President Trump’s pillar of support from those who believe God put him on the planet for a reason and that flawed as he is, you don’t second-guess the Creator. Far from being composed mainly of rednecks and yahoos, the “faith-based” supporters […]
WHITE HOUSE WATCH: WATCHING OUT FOR THE EXOGENOUS
–The SARS 2002-2003 Scare Lasted Nine Months By Denny Gulino THE WHITE HOUSE (MaceNews) – The virus that hits the heart of business activity, separating workers from their offices, halting travelers and cutting into shopping, becomes a bonafide worldwide macroeconomic phenomenon beginning later next week, if infections skyrocket as Lunar New Year gatherings end and […]
ECB’S LAGARDE SEES 'MODERATE' EUROZONE GROWTH AS TRADE FEARS SUBSIDE
By Laurie Laird FRANKFURT (Mace News) – European Central Bank President Christine Lagarde struck an optimistic tone following Thursday’s governing council meeting, hailing recent “moderate” growth in the euro zone as fears of a global trade war recede. “One critical development has been the conclusion of ‘phase one’ of the negotiations between the U.S. and […]