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Showing 461 - 470 of 2552 results for "Economist"

Chief economist update: No pandemic on Wall Street

BENJAMIN ONG  |  MONDAY, 11 JAN 2021
Pandemic? What pandemic? The S&P500 index the Dow Jones Industrial Average closed 2020 at record highs despite the US topping the list of countries with most total cases of coronavirus infections (21.3 million or roughly 25% of the world's total) ...

Chief economist update: Government spending made money, saved money

BENJAMIN ONG  |  FRIDAY, 18 DEC 2020
The Morrison government has released its Mid-Year Economic Financial Outlook (MYEFO), proving the old saying 'You must spend money to make money' right. This quote, generally attributed to Roman playwright, poet and philosopher Titus Maccius ...

Chief economist update: Fed acts with inaction

BENJAMIN ONG  |  THURSDAY, 17 DEC 2020
The Fed's final act for the pandemic year 2020 was inaction. At the conclusion of its December FOMC meeting, the US Federal Reserve said: "The Committee decided to keep the target range for the federal funds rate at zero to 0.25% and expects it ...

Chief economist update: East and west at crossroads

BENJAMIN ONG  |  TUESDAY, 15 DEC 2020
China has continued to tighten the screws on Australia after formally banning the importation of Australian coal. The reason, or reasons, are immaterial. Beijing could dig up a number of justifications for its most recent diktat the same way it did ...

Chief economist update: An extra mile for a deal

BENJAMIN ONG  |  MONDAY, 14 DEC 2020
... risk of a no-deal is more likely come December 31 when the transition period ends. What happens then? According to The Economist magazine: "Even if there is a last-gasp deal, it will be "thin", at best similar to the free-trade agreement (FTA) between ...

Chief economist update: ECB expands PEPP

BENJAMIN ONG  |  FRIDAY, 11 DEC 2020
The European Central Bank (ECB) didn't disappoint financial markets expecting more goodies in their Christmas stockings. While it kept the price of credit unchanged - repo rate at 0%, marginal lending rate at 0.25% and deposit facility rate at -0.5% ...

Chief economist update: Confidence unlocks Australia's virtuous cycle

BENJAMIN ONG  |  THURSDAY, 10 DEC 2020
"The circulation of confidence is better than the circulation of money." - James Madison We, Australians all, are in a good place for not only do we have more money thanks to the Reserve Bank of Australia (RBA) and the Morrison government's largesse ...

Chief economist update: Japan's five minutes of sunshine

BENJAMIN ONG  |  WEDNESDAY, 9 DEC 2020
However it's measured, economic growth has rebounded in the Land of the Rising Sun from the depths of the huge contraction recorded in the June 2020 quarter. Japanese GDP surged at an annualised rate of 22.9% in the September quarter (from a 29.2% ...

Chief economist update: China turns crisis into opportunity

BENJAMIN ONG  |  TUESDAY, 8 DEC 2020
"When written in Chinese, the word 'crisis' is composed of two characters. One represents danger and the other represents opportunity." Although already debunked as incorrect by Sinologists, this quotation attributed to John F. Kennedy regained ...

Chief economist update: Greed is good

BENJAMIN ONG  |  MONDAY, 7 DEC 2020
"The point is, ladies and gentlemen, that greed, for lack of a better word, is good. Greed is right. Greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms, greed for life, for money ...