STATUS CHECK: DANCING AWAY FROM GRIM 200,000
WASHINGTON (MaceNews) – The following is Tuesday’s status check of developments in the U.S. that can influence economic, health and political outcomes Yes, everyone is focusing on the obscene 200,000 death toll, actually 201,800 by one count by now, just as “Status Check” did Monday night. And 33 states now seeing higher case rates again, […]
BANK OF ENGLAND’S BAILEY SETS THE STAGE FOR RATE CUT
By Laurie Laird LONDON (MaceNews) – The UK’s top central banker sketched out the details of the Bank of England’s deliberations on sub-zero interest rates on Tuesday, dropping his heaviest hint yet that rates could fall into negative territory over the medium term. “We’ve got to work with the banks” to ensure that negative rates don’t […]
BofA GLOBAL MANAGERS’ SURVEY: STILL UPBEAT RE WORLD GROWTH PROSPECT; BULLISH EQUITIES
— Inflation Fears Persist By Vicki Schmelzer NEW YORK (MaceNews) – Global investors polled in September remained upbeat about world growth prospects and bullish towards equities, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. This month, a net 84% of fund managers looked for global growth to strengthen […]
TEXT: UAE/ISRAEL ESTABLISH DIPLOMATIC RELATIONS
–Israel Agrees To Suspend Claim of Sovereignty Over West Bank WASHINGTON (MaceNews) – The following is the text of the joint statement among the U.S., Israel and the United Arab Emirates which Thursday became the third Arab country to formally declare peace with Israel: Joint Statement of the United States, the State of Israel, and […]
STATUS CHECK: BAD VIBES ACCUMULATE RE CHINA
WASHINGTON (MaceNews) – The following is Monday’s status check of developments in the U.S. that can influence economic, health and political outcomes: A new week filled with echoes of last week. Weekend rioting, Chicago after midnight looted stores. A police shooting in the afternoon and mistaken rumors about that shooting was the spark. There was […]
TRUMP SIGNS 4 EXEC ORDERS, DEFERRING PAYROLL TAX, EXTENDING EVICTIONS MORATORIUM
By Denny Gulino WASHINGTON (MaceNews) – Combining campaign promises with executive orders of questionable legality, President Trump Saturday said he is deferring payroll tax collections through the end of the year for pay of $100,00 or less and if re-elected, will “terminate” the tax. In his second televised appearance at his Bedminster, N.J. golf resort […]
BOE DEFENDS FORECASTS AS AGENTS QUERY OPTIMISTIC ASSUMPTIONS
By Laurie Laird LONDON (MaceNews) – Top Bank of England officials Friday reiterated the downside risks to forecasts of a smart economic rebound under questioning from the BoE’s regional representatives about the Bank’s baseline forecasting assumptions. The central forecast released Thursday “is sensible,” albeit with “very substantial” downside risk, said Governor Andrew Bailey, addressing a […]
TBAC CHANGES TACK TO RECOMMEND BIGGER INCREASES IN LONGER MATURITIES – EXCERPT
WASHINGTON (MaceNews) – The private-sector Treasury Borrowing Advisory Committee’s recommendations to the U.S. Treasury, in preparation for Wednesday’s quarterly refinancing announcement, now favor bigger issuance increases in longer maturities. The following is an excerpt from the TBAC report: The Committee discussed the elevated cash balance that Treasury has held in recent months and projects to […]
BOE’S HALDANE: MPC MULLING SUB-ZERO RATES DESPITE STRONG ECONOMIC RECOVERY
By Laurie Laird LONDON (MaceNews) – The Bank of England is continuing to assess the efficacy of negative interest rates, despite a stronger-than-expected economy recovery, the bank’s chief economist said Monday. Sub-zero interest rates are “actively under review,” said Andy Haldane, addressing the UK’s Treasury Select Committee. The bank could also consider expanding its quantitative […]
UK CHANCELLOR CONFIRMS WINDING DOWN OF JOB PROTECTION SCHEME
–Announces Tax Cut to Preserve Leisure Sector Employment By Laurie LairdLONDON (MaceNews) – The UK Treasury will end its job protection programme at the end of October, raising fears of a surge in unemployment as the government furlough scheme winds down beginning in August. “The furlough scheme cannot and should not go on forever … […]