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Showing 411 - 420 of 2991 results for Benjamin Ong

Chief economist update: Synchronised forecasts for a synchronised slowdown

BENJAMIN ONG  |  WEDNESDAY, 9 OCT 2019
"Just when you thought it was safe to go back in the water..." - Jaws The history of the US-China trade negotiations has followed a pattern ever since it began in 2018 - rhetoric from both sides building hopes for a deal only to be followed by escalating ...

Chief economist update: When monetary and fiscal policies don't meet

BENJAMIN ONG  |  TUESDAY, 8 OCT 2019
He said, he said. This must be a thing now. Just as US President Trump and his central bank governor Jerome Powell don't see eye to eye with the conduct of government and monetary policies, there is no meeting of the minds between Australian Prime ...

Chief economist update: Bad news is good news is back

BENJAMIN ONG  |  FRIDAY, 4 OCT 2019
"Bad news is good news." That phrase, born of the Great Recession of 2008, has become a staple and go to rationale each time equity markets jump on bad news. Bad news! Wall Street dropped - Dow down by 1.9%, S&P 500 down by 1.8%, Nasdaq down by 1.6% ...

Chief economist update: US recession on the cards

BENJAMIN ONG  |  THURSDAY, 3 OCT 2019
"Yesterday, all my troubles seemed so far away Now it looks as though they're here to stay..." - The Beatles Well, two yesterdays ago to be precise. This was on October 1 when the Reserve Bank of Australia (RBA) cut interest rates for a third time ...

Chief economist update: Zero here we go

BENJAMIN ONG  |  WEDNESDAY, 2 OCT 2019
A stitch in time saves nine. If only the Reserve Bank of Australia (RBA) adhered to this age-old proverb. But alas, by insisting on keeping the official cash rate at 1.5% for longer (from August 2016 to May 2019) than the dictates of global and domestic ...

Chief economist update: The greatest central banker of modern times

BENJAMIN ONG  |  TUESDAY, 1 OCT 2019
"Patience is a virtue." We've heard, read and seen this quote many, many times. This is a quote that's so easy to say but difficult to apply - more so if you're the head of one of the world's biggest central banks, presiding over a fast ...

Chief economist update: Are capital markets the next Sino-US battleground?

BENJAMIN ONG  |  MONDAY, 30 SEP 2019
US president Donald Trump might be thinking that it's a small price to pay - sending the US equity market down - in return for his broader objective of getting China to wave the white flag in this seemingly never-ending trade battle. US benchmark ...

Chief economist update: China's great leap forward 70 years in the making

BENJAMIN ONG  |  FRIDAY, 27 SEP 2019
China's come a long way, baby! 1 October 2019 marks the 70th anniversary of the founding of the People's Republic of China. The Politburo has much to celebrate and boast about. It didn't happen overnight, but it did happen. Chairman Mao ...

Chief economist update: Morrison, Frydenberg cannot have their surplus and eat it too

BENJAMIN ONG  |  THURSDAY, 26 SEP 2019
Recent headlines underscore what Financial Standard had been ranting about months before. Those rants include The general economic uncertainty wouldn't be sufficient to prod businesses and consumers to invest and spend, even if interest rates were ...

Chief economist update: RBA cuts official cash rate to 0.75%

BENJAMIN ONG  |  WEDNESDAY, 25 SEP 2019
This will be the headline flashing on your screens at around 230 in the afternoon of Tuesday, October 1, after the Reserve Bank of Australia (RBA) concludes its scheduled board meeting. In his address to the Armidale Business Chamber, RBA governor Philip ...