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Showing 111 - 120 of 1161 results for "GFC"

Chief economist update: AUD depreciation no cure for coronavirus

BENJAMIN ONG  |  THURSDAY, 2 APR 2020
... recession in 2001 following the September 11 attacks of the same year; and, it dropped from US$0.91 to US$0.62 at the onset of the GFC in 2007- when most major economies went into a Great Recession. The coronavirus crisis has so far taken the A$/US$ ...

Market recovery or dead cat bounce?

ALLY SELBY  |  TUESDAY, 31 MAR 2020
... I were to guess I'd say there's more downside ahead," he said. "For example, the ASX fell approximately 50% in the GFC, and we didn't even experience a recession back then. "Today, we're facing one of the most dire economic environments ...

Hume calls for diversity in super fund mergers

HARRISON WORLEY  |  TUESDAY, 31 MAR 2020
... and added she would be interested to discover how many boards and risk committees ran scenario planning for a pandemic. "The GFC was not so long ago - did our collective failure of imagination blinker us to the learnings of other countries in times of ...

Chief economist update: A whole new world

BENJAMIN ONG  |  MONDAY, 30 MAR 2020
... Keynesian economics that posits increased government spending during recessions to raise aggregate demand. This worked during the GFC, but it appears, not this time. Most governments all over the world are underwriting rents, mortgages, business costs ...

SMSFs in flashback to 2008

ELIZABETH MCARTHUR  |  FRIDAY, 27 MAR 2020
... rate continued to rise in the years following, all the way up to 14% for someone over 95. Now, for the first time since the GFC minimum percentages withdrawal factors are at 2008 levels. "I had several SMSF clients in 2008 in the GFC and some of them ...

No time to look back

ELIZA BAVIN  |  FRIDAY, 27 MAR 2020
... was because the bubble popped. The markets were so high, inflation was rising; it wasn't sustainable," Teh said. "The GFC is slightly more similar to what we are seeing with COVID-19, because it will likely amount to a global recession." However ...

COVID-19 shaves $290bn off super

KANIKA SOOD  |  WEDNESDAY, 25 MAR 2020
... trillion coronavirus rescue package, even though it remains to be seen if the gains can be sustained. During the trough of the GFC super funds averaged -8% in 2008-09 and -13% in 2009-10. "Since then super funds have had a 10-year run of positive returns ...

Avoid listed wealth giants: UBS

HARRISON WORLEY  |  WEDNESDAY, 25 MAR 2020
... stronger gross margins and higher costs. "We prefer Woolworths given management quality, lower relative valuation compared to the GFC period and potential for capital management."

Super funds revalue unlisted assets

HARRISON WORLEY  |  WEDNESDAY, 25 MAR 2020
... defensive allocation," Pearce said. "When we conduct our stress testing, we assume a scenario where the worst three months of the GFC happens in a single day." Pearce said the conservative liquidity approach had held it in "good stead" so far, noting ...

COVID-19 to hasten merger talks

HARRISON WORLEY  |  TUESDAY, 24 MAR 2020
... noted funds with a high unlisted asset and infrastructure exposures would need to avoid the mistakes made by funds during the GFC, whereby several super funds did not revalue their unlisted assets until APRA forced them to do so. "The result is that ...