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Showing 1 - 10 of 83 results for "Uncle Sam"

Chief economist update: US inflation may not be as transitory as the Fed believes

BENJAMIN ONG  |  FRIDAY, 11 JUN 2021
... money in Americans' pockets, in addition to the higher wages they'll get to get off the higher pay offered by Uncle Sam (if they're unemployed) relative to what they'll be receiving compared to flipping burgers. Bottomline, and I'll ...

Chief economist update: The devil's in the headline US payrolls number details

BENJAMIN ONG  |  TUESDAY, 8 JUN 2021
... eat, drink and be merry and watch Netflix 24/7 while at the same time receiving higher unemployment benefits from dear Uncle Sam, thank you very much. There's the cheque for US$1200 per person (plus US$500 per child) issued under the CARES Act in ...

Chief economist update: Too much of a good thing could be a bad thing

BENJAMIN ONG  |  WEDNESDAY, 31 MAR 2021
... So much so that benchmark 10-year US Treasury bond yields have risen to a 14-month high of 1.78%. This suggests that Uncle Sam would be paying higher interest payments on its increased debt and it could also force the Fed to raise interest rates sooner ...

Chief economist update: Bad news is good news is back

BENJAMIN ONG  |  MONDAY, 11 MAY 2020
... day that the US Bureau of Labour Statistics (BLS) released actual non-farm payrolls numbers, underscoring the bother Uncle Sam finds itself in. The US unemployment rate soared to 14.7% in April -- its highest level on record - from 4.4% in the previous ...

Chief economist update: Currency manipulators beware

BENJAMIN ONG  |  MONDAY, 27 MAY 2019
... his presidential campaign in 2016, he's also draining the tide that lifts all boats... including the good ship, SS Uncle Sam.

Fed's pause becomes the ECB's problem

BENJAMIN ONG  |  FRIDAY, 11 JAN 2019
... remained at 1.0% after peaking at 1.1% in October. Needless to say, the continued appreciation of the euro vis-a-vis Uncle Sam's currency would exacerbate the negative momentum with regards to the region's growth and inflation prospects (although this ...

Chief economist update: Another year over, a new one begins

BENJAMIN ONG  |  MONDAY, 7 JAN 2019
... America's economy can't continue to grow while its neighbours languish. Sooner or later, it'll come back to bite Uncle Sam on his behind. None other than Fed chairman Jerome Powell understands this. In a joint interview with his predecessors ...

Chief economist update: No target sign on India's back

BENJAMIN ONG  |  MONDAY, 9 APR 2018
... the US than it bought. Speaking of which, India can count on its lucky stars - neither exempted nor reliant enough on Uncle Sam for its domestic fortune. India still exports more to the US than it imports (US$22.9 billion worth in 2017 or just around ...

Un-Keynesian

BENJAMIN ONG  |  TUESDAY, 5 DEC 2017
... still another two-thirds waiting to be embedded in market pricing when president Trump signs the tax cuts into law in Uncle Sam county (reportedly before Christmas). But while our American brothers may have themselves a merry little Christmas in 2017 ...

In search of that elusive Australian animal spirit

BENJAMIN ONG  |  FRIDAY, 24 FEB 2017
... election of Donald Trump as US president has unarguably changed sentiment in terms of bringing out the "animal spirits" in Uncle Sam country but it seems that nothing much has changed over the past 30 months - the time back in August 2014 when then RBA ...
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