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Showing 1 - 10 of 458 results for %22Yes Virginia%22

Economic recap: Week to December 10

BENJAMIN ONG  |  MONDAY, 13 DEC 2021
As it was in 2020, so it is in 2021. Yes Virginia, I don't believe it too until... I re-read my first scribbles on this site at the beginning of 2021. On January 12 this year, I wrote: "Fiscal and monetary authorities prompt and aggressive counter-cycle ...

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

BENJAMIN ONG  |  TUESDAY, 8 JUN 2021
... because their employer closed or lost business due to the pandemic" is "down from 9.4 million in the previous month". Yes Virginia, there were less Americans unable to work in May than there were in April. This is in addition to disincentivised workers. ...

Go, iron ore, go

BENJAMIN ONG  |  WEDNESDAY, 28 APR 2021
Just a wittle more, a wittle more... Yes Virginia, just another US$12.71 per tonne (6.6%) and the spot price of iron ore will be line ball with the all-time high of US$191.70 a tonne it set way back a decade earlier (February 2011). For sure, there ...

Chief economist update: Fed fights back bond bears

BENJAMIN ONG  |  MONDAY, 1 MAR 2021
... banks' have made it clear that it will take some time before there is any movement towards inflation targets? Yes Virginia, it's the rise and rise in US bond yields spooked by rising inflation expectations that, in turn, have sent equity markets ...

Chief economist update: The cloud over the rainbow

BENJAMIN ONG  |  FRIDAY, 26 FEB 2021
... It's gonna be a bright (bright), bright (bright) Sun-shiny day." -- Johnny Nash, "I Can See Clearly Now" Do you Johnny? Yes, "all of the bad feelings" from the pandemic-cursed year of 2020 are beginning to disappear thanks to counter-measures from ...

Chief economist update: Disappointing jobs results raise Biden's stimulus bid

BENJAMIN ONG  |  MONDAY, 8 FEB 2021
... in January 2021 compared with 5.7 million in February 2020. But have no fear (er, celebrate), Joe Biden is here. Yes Virginia, we're back to that familiar refrain borne from the global financial crisis of a decade before - bad news is good news. ...

Chief economist update: Virus now, inflation later

BENJAMIN ONG  |  MONDAY, 25 JAN 2021
... [sic] also said yesterday Fed won't start raising rates until it sees 2% inflation for a year." You guessed right Virginia. The Fed is preventing a repeat of the 2013 "taper tantrum" - that sent bond yields up and equity markets down. The Feds' ...

Chief economist update: Australia's third arrow

BENJAMIN ONG  |  WEDNESDAY, 30 SEP 2020
"We are one, but we are many And from all the lands on earth we come We'll share a dream..." - The Seekers Yes Virginia, we, Australians all, are one in anticipating Christmas to come on October 6 this year - the day when most expect the Reserve ...

Chief economist update: Rents under covid

BENJAMIN ONG  |  MONDAY, 28 SEP 2020
Australian landlords aren't all rejoicing. Yes Virginia, we're all aware this is happening in this land "girt by sea" under pandemic but the Reserve Bank of Australia (RBA) has actually put facts and figures behind this in its September 2020 ...

Chief economist update: Zero beyond 2023

BENJAMIN ONG  |  THURSDAY, 17 SEP 2020
... 2023, the US central bank's new "average inflation targeting strategy" puts average 2020 to 2023 inflation only at 1.7%. Yes, Virginia, the Fed funds rate could remain at near zero beyond 2023. More so, when overlayed with the uncertainty of the ...
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