TEXT: US BEA 3Q GDP TECHNICAL NOTE
WASHINGTON (MaceNews) – The following is the U.S. Bureau of Economic Analysis technical note that accompanied the report on third-quarter GDP Wednesday: Gross Domestic Product Third uarter of 2019 (Advance estimate) October 30, 2019 Third Quarter GDP increased 1.9 percent (annual rate) in the third quarter of 2019, following an increase of 2.0 percent in […]
EXCERPT OF TBAC RPT TO TSY: T-BILL SCARCITY ‘COULD DEVELOP’
–‘Year End Financing Rates Ate Expected to be Volatile Again’ US TSY DEPT (MaceNews) – The private-sector Treasury Borrowing Advisory Committee warned the department Treasury bill “scarcity” could develop with implications for the money markets where the Federal Reserve is offsetting liquidity pressures with T-bill purchases, according to documents released by the Treasury Department Wednesday. […]
WHITE HOUSE WATCH: HAVE MKTS SEEN PEAK CHINA, PEAK BREXIT, PEAK NEGATIVE RATES?
By Denny Gulino THE WHITE HOUSE (MaceNews) – With China more resilient than depicted, Europe dithering as usual, President Trump having already flinched on trade, the impeachment inquiry reaching the public relations stage and, most important, global interest rates continuing to slowly lift off, why shouldn’t the S&P 500 be hovering around record levels? The […]
INCOMING ECB HEAD LAGARDE URGES EUROPEAN STRUCTURAL REFORM
By Laurie Laird FRANKFURT (MaceNews) – The incoming president of the European Central Bank stressed the importance of structural reform and expansionary fiscal policy in her final public speech before taking over the reins of the bank, echoing the increasingly-urgent calls of her predecessor, Mario Draghi. Addressing leaders of Europe’s financial and political worlds, Christine Lagarde […]
TRUMP HAILS END OF TOP ISIS LEADER BAGHDADI
–May ‘Have to Fight’ to Retain Control of Syria Oil Fields By Denny Gulino WASHINGTON (MaceNews) – President Donald Trump Sunday morning hailed the death “like a dog” of top ISIS leader Abu Bakr al-Baghdadi and the success without U.S. casualties of a massive Delta Force operation that attacked his compound in Syria near Turkey’s […]
TRUMP-AUTHORIZED DELTA FORCE RAID SEES TOP ISIS LEADER KILL HIMSELF
WASHINGTON (MaceNews) – The ISIS leader who spread terror and built a Caliphate only to see it destroyed,. Abu Bakr al-Baghdadi, killed himself Saturday by detonating a suicide vest in a Delta Force raid authorized by President Trump, according to various reports. The president scheduled a 9 a.m. ET on-camera statement Sunday to confirm the […]
US TREASURY WATCH: AN EARLY START ON DECADE OF TRILLION DLR DEFICITS
–Formal FY’19 Deficit $984 Bln, Biggest Since 2012; Adjusted Deficit $1 trillion By Denny Gulino US TREASURY DEPT (MaceNews) – The formal deficit for the government’s fiscal year was $984 billion, the Treasury announced Friday, and after eliminating some calendar quirks, the red ink totaled $1 trillion, a head start on what congressional estimators say […]
VP PENCE INTENSIFIES ADVICE TO US FIRMS NOT TO PANDER TO CHINA
By Denny Gulino WASHINGTON (MaceNews) – While both parties in Congress are in the process of rebuking the Trump administration for being soft on Turkey and Russia, Vice President Mike Pence Thursday reprised his sharp condemnation of China, apparently confident the harsh words will continue to be ignored there in the pursuit of a preliminary […]
DRAGHI: ECB COUNCIL ‘UNIFIED’ DESPITE POLITICAL PRESSURE ON RATE SETTERS
By Laurie Laird FRANKFURT (MaceNews) – European Central Bank rate setters have largely settled their policy disagreements, according to ECB President Mario Draghi, while acknowledging that global central banks are coming under increasing political pressure. Addressing reporters after his final meeting, Draghi described a “general call for unity” among governing council members, after a number […]
WHITE HOUSE WATCH: TRUMP’S ‘WE’RE GETTING OUT’ LEAVES MIDEAST WONDERING
–‘Let Someone Else Fight Over This Long-Bloodstained Sand.’ By Denny Gulino THE WHITE HOUSE (MaceNews) – President Donald Trump’s sweeping statements Wednesday about never again fighting “over this long bloodstained sand” signaled his determination not to send troops into harm’s way other than in line with his definition of the national interest – a statement […]