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Showing 11 - 20 of 47 results for "Gov Glen"

Aussie, Aussie, Aussie! Noi, noi, noi!

BENJAMIN ONG  |  TUESDAY, 22 SEP 2015
Another Monday, another sell, sell day. This time the media - social or otherwise - are calling the sharp drop in the Australian equities market yesterday a "Horror Monday". It wasn't as bloody as that "Bloody Monday", 24 August, when the benchmark ...

Not happy Jan

BENJAMIN ONG  |  MONDAY, 21 SEP 2015
"Not happy, Jan!" This was Wall Street's immediate verdict on the Fed's disclosure of its non-decision following the much-awaited and much speculated 16-17 September FOMC meeting. The S&P 500 index declined by 1.6%; the Dow by 1.7%; Nasdaq by 1.4% ...

Lead us not into a recession

BENJAMIN ONG  |  THURSDAY, 3 SEP 2015
Oh-em-gee! Australia, for sure and for certain, is in trouble now. Economic growth has slowed to a crawl - a mere 0.2% in the second quarter - and that 2.5% below-trend growth in the first quarter we've all been moaning about has fallen below-er trend ...

The horse still refuses to drink

BENJAMIN ONG  |  FRIDAY, 28 AUG 2015
... National Reform Summit in Sydney. We're "sleepwalking into a real mess" is how ex-Treasury head Martin Parkinson put it. RBA Gov Glen wants the government to "go for growth". "Reasonable people get this. They also know, intuitively, that the kind of ...

Australia: which way now?

BENJAMIN ONG  |  WEDNESDAY, 19 AUG 2015
... dropping the official cash rate to an historic low of 2.0%, the RBA has been Australia's one-man cheering squad. But as Gov Glen told 'The American Australian Association' luncheon in New York back in April 2015, "...too much weight is being put on monetary ...

RBA to deliver nothing

BENJAMIN ONG  |  TUESDAY, 4 AUG 2015
Our very own Reserve Bank of Australia (RBA) will hold its monthly Board meeting today to deliberate on the economy's monetary policy setting. This month looks easy-peasy for the RBA. Keep the official cash rate steady at 2.0% plus a few minor tweaks ...

Make it December (for now)

BENJAMIN ONG  |  MONDAY, 3 AUG 2015
Scratch September. Make that December. That's the Fed lift-off Virginia. And just so you and I don't miss that point, the Australian Financial Review (AFR) even quoted Douglas Borthwick -- head of foreign exchange Chapdelaine & Co - saying that, "I'm ...

Reading too much out of nothing at all

BENJAMIN ONG  |  THURSDAY, 30 JUL 2015
It's out!...and it didn't surprise. Yes Virginia, there were no surprises in the Fed's decision to keep monetary policy unchanged after it concluded its 28-29 tete-a-tete. But what was surprising was Wall Street's reaction - the Dow and the S&P 500 ...

A question of trend

BENJAMIN ONG  |  THURSDAY, 23 JUL 2015
Funny that. Funny that on the same day that RBA Governor Glenn Stevens addressed the Anika Foundation Luncheon in Sydney and told his audience that, "One of the features of much regular discussion of macroeconomic policy, and monetary policy in particular ...

A$ down but would it stay down?

BENJAMIN ONG  |  MONDAY, 20 JUL 2015
... expected, and the Grexit can kicked 3 years further down the road, the A$ falls? Not that I'm complaining... and am sure RBA Gov Glen would too. Gov Glenn would be happier with Black Rock's prediction of a slide to around US70Ac before the New Year and ...