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Showing 2961 - 2970 of 3072 results for "Benjamin"

Sentiment seesaw

BENJAMIN ONG  |  FRIDAY, 17 OCT 2008
Up and down we go, where it stops we do not know. Wall Street's performance overnight highlights how tenuous financial market sentiment remains. The sentiment seesaw became obvious as the Dow Jones industrial index went from a 4.4 per cent loss to a ...

No instant gratification

BENJAMIN ONG  |  THURSDAY, 16 OCT 2008
'Rome was not built in a day.' Wall Street's behaviour over the past few days reflects the GenXers and GenYers culture of instant gratification. Flick a switch and dinner is cooked, the music plays, moving images play on the screen. Click on the mouse ...

Sober and sombre

BENJAMIN ONG  |  WEDNESDAY, 15 OCT 2008
True to script, Wall Street calmed down from the euphoric rally that greeted investors at the start of the trading week. Just as the spectacular one-day rallies of the 1930s (see yesterday's report, "Depression no more?") were followed by more sober ...

Depression no more?

BENJAMIN ONG  |  TUESDAY, 14 OCT 2008
A depression-like stockmarket tumble needs a depression-like bounce back. This is what the equity markets' got overnight as Wall Street staged its biggest rally since October 1931. Equity markets across Europe and the US recorded spectacular one-day ...

The end is nigh

BENJAMIN ONG  |  MONDAY, 13 OCT 2008
Measures, measures and more measures. How long is a piece of string? How much more money must central banks kept throwing at banks, financial institutions and businesses to get credit flowing again? Selective bailouts, massive rescue packages, coordinated ...

Patience is a virtue

BENJAMIN ONG  |  FRIDAY, 10 OCT 2008
Another day, another record on Wall Street - a record fall that is - as a new day brings fresh news that financial Armageddon is nigh. Yesterday's concerted action by 6 of the world's major central banks - plus the Peoples Bank of China - on top of ...

The global recession we have to have

BENJAMIN ONG  |  THURSDAY, 9 OCT 2008
Central banks threw in the kitchen sink. In a coordinated move, six major world central banks each cut their benchmark target interest rate by 50 basis points in efforts to stem the global panic. The US Federal Reserve lowered the fed funds rate to ...

Fed to bail-out corporate paper

BENJAMIN ONG  |  WEDNESDAY, 8 OCT 2008
The Fed is extending the bail-out from banks to company corporate paper debt with its announcement last night to create a Commercial Paper Funding Facility (CPFF). Under the arrangement, the Fed will begin repurchasing three-month unsecured commercial ...

Central Banks must unite

BENJAMIN ONG  |  WEDNESDAY, 8 OCT 2008
The current financial market turmoil indicates that one central bank working alone, even if it is the mighty Fed, is unable to contain the panic and restore confidence in the financial system. Locally, the RBA has led the way - but again, this is a ...

Fed on Zero Interest Rate Policy?

BENJAMIN ONG  |  TUESDAY, 7 OCT 2008
Taking lessons from the past, a shock response from the world's major central banks in the form of big interest rates reductions - in the order of say 50-100 basis points each time - might assist reducing the magnitude and length of the coming recession ...