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Showing 21 - 30 of 132 results for "Pessimism"

Chief economist update: Australians all let's not rejoice

BENJAMIN ONG  |  THURSDAY, 23 JAN 2020
... upbeat classic by Katrina and the Waves. The Westpac/Melbourne Institute consumer sentiment survey shows that consumer pessimism has deepened in January. The consumer index fell from a reading of 95.1 in December 2019 to 93.4 in the first month of 2020 ...

Chief economist update: Businesses remain unmoved by low rates

BENJAMIN ONG  |  WEDNESDAY, 11 DEC 2019
... that "70% of respondents agreed that there is a risk-averse culture on Australian boards." These two conditions alone - pessimism over the outlook and risk aversion - are what's keeping Australian businesses from lifting investment. Business pessimism ...

Chief economist update: RBA rate cut outlook

BENJAMIN ONG  |  THURSDAY, 31 OCT 2019
... October - aren't just producing diminishing returns, they're generating undesired outcomes by raising the level of pessimism among Australian businesses and consumers as evidenced by the latest NAB Business survey and the Westpac-Melbourne Institute ...

Chief economist update: Is the A$ becoming a safe-haven currency?

BENJAMIN ONG  |  MONDAY, 28 OCT 2019
... in June, July and October - aren't just producing diminishing returns but they're also raising the level of pessimism among Australian businesses and consumers. Why would the RBA ponder zero and QE otherwise? Latest business and consumer sentiment ...

Chief economist update: Beam us up Scotty

BENJAMIN ONG  |  FRIDAY, 25 OCT 2019
... agreed that there is a risk-averse culture on Australian boards". Never mind the others, but these two conditions alone - pessimism over the outlook and risk aversion - are what's keeping Australian businesses from lifting investment. Business pessimism ...

Chief economist update: Negative bang for RBA, government's buck

BENJAMIN ONG  |  THURSDAY, 10 OCT 2019
"Pessimism becomes a self-fulfilling prophecy; it reproduces itself by crippling our willingness to act." - Howard Zinn Taken after the Reserve Bank of Australia's (RBA) third interest rate reduction this year which brought the official cash rate ...

Chief economist update: A case for optimism

BENJAMIN ONG  |  THURSDAY, 11 JUL 2019
... "time to buy a major household item" increased by 3.6% - those related to broader economic activity indicated increased pessimism. "Family finances vs a year ago" climb by 3.0% in the month of July but, at 85.7, remained below its long-term average of ...

Chief economist update: Japan becomes collateral damage in US-China trade war

BENJAMIN ONG  |  WEDNESDAY, 15 MAY 2019
... demand". This is now compounded by the yen's appreciation. The Tankan large manufacturing outlook index portends the pessimism continuing in the coming quarter with the reading falling to eight in the March quarter from 15 in the previous three-month ...

Chief economist update: Japan yearns for a weaker yen

BENJAMIN ONG  |  THURSDAY, 11 APR 2019
... slowing demand." You can add the appreciating yen to this. The Tankan large manufacturing outlook index portends the pessimism continuing in the coming quarter with the reading falling to 8 in the March quarter from 15 in the previous three-month period. ...

Chief economist update: RBA repeats history

BENJAMIN ONG  |  FRIDAY, 22 MAR 2019
... from 65.7% in the previous month. This could be for a host of reasons but it could also indicate would-be workers' pessimism over getting hired (why bother looking?). This pessimism is capture in the just-released Westpac-Melbourne consumer sentiment ...