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Showing 111 - 120 of 134 results for "NY Times"

Still a two-way street

BENJAMIN ONG  |  TUESDAY, 9 MAR 2010
After all is said and done...more was said than done! Yes, you know what I'm referring to Virginia - the "big kahuna" of economic statistics that is the US non-farm payrolls report. Remember how we (note I use "we" when I'm mistaken and "I" to gloat ...

Low rates to stay

BENJAMIN ONG  |  TUESDAY, 8 DEC 2009
How many times do I have to say it? The US Federal Reserve would not raise interest rates until the American economy has stronger legs to stand on. This is basically what Chairman Benny told US and world financial markets when he spoke before the Economic ...

BOBisms

BENJAMIN ONG  |  THURSDAY, 17 SEP 2009
BOB has spoken and what financial markets heard was good. BOB, of course, stands for Bernanke, Obama and Buffet. But go back to yesterday's news and carefully read or listen to what the 'three wise men' uttered. Go on. Read again. Listen again. Was ...

Lucky, lucky, lucky

BENJAMIN ONG  |  FRIDAY, 28 AUG 2009
Australians all let us rejoice! We should be so lucky. Lucky. Lucky. Lucky. For a teeny-weeny land that represents only around 2 per cent of the global economy, nobody expected that this "lucky country" would be this lucky. While the biggest economies ...

Recession over! Sigh!

BENJAMIN ONG  |  WEDNESDAY, 19 AUG 2009
"The recovery has started." This is the world according to IMF chief economist Olivier Blanchard. Or read another way, the global recession is over. My immediate reaction on reading this was a deep sigh. No, not a sigh of relief. But a sigh of disappointment. ...

Dead cat bouncers dead

BENJAMIN ONG  |  MONDAY, 10 AUG 2009
Hi ho...hi ho, it's off to work we go! The news just got better. If you thought Australia's latest unemployment reading was great, you'll certainly be rejoicing - as Wall Street did - at the reduction in America's jobless rate. Here at home, the Australian ...

Jobs, jobs, jobs

BENJAMIN ONG  |  THURSDAY, 6 AUG 2009
Watch the screens today! For at exactly 1130 hours (AEST), the Australian Bureau of Statistics will release a tally of how many of us were able to keep our jobs last month, how many were still looking for work and how many started submitting forms to ...

Of bulls, bears and flatliners

BENJAMIN ONG  |  TUESDAY, 7 JUL 2009
Quo Vadis Wall Street? A sell-off in the first quarter that rebounded towards the end. A strong rally in the second quarter that fizzled towards the end. Where is Wall Street going in the next three months? The next year? Your guess is as good as mine. ...

No fear

BENJAMIN ONG  |  FRIDAY, 3 JUL 2009
Stop! Take a deep breath. Now count to ten. There is no need to hit the SELL button. Many would have woken up to the bad news on Wall Street this morning. The Dow fell by 2.6 per cent overnight and the S&P closed 2.9 per cent lower. Or for extra effect ...

Refreshing pause

BENJAMIN ONG  |  WEDNESDAY, 24 JUN 2009
Sellers...you've been warned. Given the magnitude of yesterday's decline on Wall Street, it was almost inevitable that stocks in Australia and the Asian region would succumb to gravity. Pause that refreshes. Overnight action on the Street confirmed ...