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Showing 31 - 40 of 355 results for "Deflation"

Chief economist update: Water, water everywhere and not a fish to catch

BENJAMIN ONG  |  THURSDAY, 19 MAR 2020
... and nothing to buy! But just as the world overcame other crises in the past - GFC, Asian financial crisis, Japan's deflation in the early 1990s, the 1987 crash, stagflation in the 70s and, of course, the Great Depression of the 1930s - this too shall ...

Chief economist update: Turn the beat around

BENJAMIN ONG  |  THURSDAY, 30 JAN 2020
... risk that lasting low-flation prompts a retrenchment of inflation expectations that could ultimately result in outright deflation - falling prices. Sure, on a personal level, falling prices are good - who doesn't want a bargain, 'ey? But it's ...

Chief economist update: Arrivederci Signor Draghi

BENJAMIN ONG  |  WEDNESDAY, 30 OCT 2019
... The annual growth rate in harmonised consumer prices (HICP) trended down from 3.0% in November 2011 to a low of -0.6% (deflation) by January 2015. So much so that Draghi's first month (or three days after he assumed the ECB presidency) was to cut ...

Chief economist update: Look out below

BENJAMIN ONG  |  TUESDAY, 6 AUG 2019
"If your opponent is temperamental, seek to irritate him." - Sun Tzu, The Art of War China's just implemented one of its greatest son's prescriptions and, for sure and for certain, it's gonna irritate Trump. Financial markets were shell-shocked ...

Chief economist update: The greatest challenge of our time

BENJAMIN ONG  |  THURSDAY, 30 MAY 2019
... could be symptomatic of a weakening economy. Worse, it could lead to lower inflation expectations and increased risk of deflation that, in turn, restrains consumer spending and business investment. Why buy and invest now when prices would be the same ...

Chief economist update: A good problem to have?

BENJAMIN ONG  |  TUESDAY, 30 APR 2019
... cut in interest rates becomes imperative before low inflation turns into lower inflation expectations and morphs into deflation. Nice problem to have, hey? Sure is, if not for the rise and rise in the US equity market - the S&P 500 (up 17.4% YTD) and ...

Chief economist update: The clown in the White House

BENJAMIN ONG  |  TUESDAY, 18 DEC 2018
... "data-dependent" - which, I think is moot (it wouldn't continue raising interest rates if the data shows the US is heading for deflation would it?) - but more, Trump tweet dependent. We'll soon hear and read about what the Fed thinks of all these. ...

Chief economist update: Thanks for nothing

BENJAMIN ONG  |  WEDNESDAY, 21 NOV 2018
... to normality, that is, reducing system-wide liquidity. We only have to look back at the GFC and Grexit and Japanese deflation and everything in between to realise that the world had had bigger challenges back then than the one it faces now. These were ...

Chief economist update: At the core-core of it

BENJAMIN ONG  |  TUESDAY, 31 JUL 2018
... Haruhiko Kuroda pointed to this "core-core inflation" measure to declare that the economy is no longer in a state of deflation. According to the Financial Times, Kuroda made this statement in September 2016, after earlier stats showed that while both ...

Chief economist update: Building approvals on a slowing trend

BENJAMIN ONG  |  THURSDAY, 31 MAY 2018
... slowed from 7.8% in January to 5.7% in April. The bottom line is that the trend estimates suggest a slow and orderly deflation in Australia's housing market. This is backed up by the CoreLogic RP Data home value index showing that the "5 capital ...