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Showing 111 - 120 of 582 results for "Virginia"

Janet's words stronger than BOJ and ECB bazookas

BENJAMIN ONG  |  MONDAY, 4 APR 2016
... index. The index jumped to a reading of 51.8 in March after spending five months in contraction territory (below 50). Yes Virginia, thanks to a cheaper US dollar, the manufacturing sector has recovered and if the seven point jump in new orders to 58.3 ...

Four bazookas and a phrase

BENJAMIN ONG  |  FRIDAY, 11 MAR 2016
... stupid (or what markets presumed stupid), "...we don't anticipate that it will be necessary to reduce further rates." Yes Virginia, this single phrase brought things undone. The equity markets retreated with the Stoxx 50 index closing 1.5% lower from ...

A negative sum game

BENJAMIN ONG  |  MONDAY, 22 FEB 2016
... growth and inflation. Perhaps then they could stop blaming the "global economy" and end their race to the bottom. Yes Virginia, this is the prevailing theme in most central banks' statements in late - their economies are doing fine, but the "global economy" ...

More negatives

BENJAMIN ONG  |  TUESDAY, 16 FEB 2016
... real GDP contracted by a larger-than-expected annualised rate of 1.4% in the December quarter gave it rocket power. Yes Virginia, we all know why... that all too familiar, it's gotten so bad that more money is coming. "Quantitative easing; zero interest ...

Belabouring the labour market stats

BENJAMIN ONG  |  FRIDAY, 11 DEC 2015
"Tell them they're dreaming!" Perhaps Virginia, for despite headlines upon headlines of woeful below trend growth in the Australian economy, the slowness of the non-mining sector to fill up the big hole left by mining and job cut announcements... here ...

Swiss franc surprise

BENJAMIN ONG  |  MONDAY, 30 NOV 2015
Francly my dear, it couldn't have come soon enough. No Virginia, that wasn't a typo for the Swiss franc is back in the news again. As Bloomberg reports, "The franc fell against all but one of its 16 major peers Friday." "The franc dropped 0.7 percent ...

Chill

BENJAMIN ONG  |  THURSDAY, 26 NOV 2015
... Thanksgiving in retaliation for Turkey's - the country - downing of a Russian warplane near the Turkish-Syrian border. No Virginia, Gov Glenn was speaking to us, Australians all, with regards to our expectations that the RBA would play Kris Kringle and ...

Road of no return

BENJAMIN ONG  |  WEDNESDAY, 25 NOV 2015
... interpreted as signaling lack of confidence in the strength of the U.S. economy or erode the Committee's credibility". Yes Virginia, lifting off in December would signal the Fed's confidence on the sustainability of growth in the US economy and could ...

The Fed could get it wrong

BENJAMIN ONG  |  MONDAY, 23 NOV 2015
"If anything can go wrong, it will." - Murphy's Law No Virginia, I'm not feeling particularly glum and gloomy today just putting my shoe on the other put and wondering what if the Fed gets it wrong? The timing of the lift-off, that is. The financial ...

Pepared for "lift-off" watch out for "ceasing"

BENJAMIN ONG  |  FRIDAY, 20 NOV 2015
... Committee's holdings of longer-term securities at sizable levels, should help maintain accommodative financial conditions." Yes Virginia, the Fed has ended QE and it is about to lift the fed funds rate but it's balance sheet, while expanding no more ...