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Showing 31 - 40 of 980 results for "US economy"

Chief economist update: The virus, the vaccine and Trump

BENJAMIN ONG  |  MONDAY, 23 NOV 2020
... concede, crying that he's been cheated. Trump's refusal to concede just adds to overall uncertainty in the US economy in the very near term at least, until Joe Biden assumes office on 20 January 2021.

Chief economist update: V for vaccine

BENJAMIN ONG  |  TUESDAY, 10 NOV 2020
... latest vaccine development has eased my concern over Biden's win and the likely potential for a double-dip in the US economy. In his victory speech, Biden announced: "Our work begins with getting COVID under control. We cannot repair the economy ...

Chief economist update: Not out of the woods

BENJAMIN ONG  |  FRIDAY, 30 OCT 2020
... after the social restrictions and lockdown measures were implemented in the spring. Given the strong rebound in the US economy in the third quarter, why does Wall Street even care whether a stimulus deal is signed today, tomorrow or never? The short ...

Chief economist update: Good or bad news is good Wall Street news

BENJAMIN ONG  |  THURSDAY, 22 OCT 2020
... the Nasdaq composite index's 28.4% surged so far this year goes against all logic considering the state of the US economy which is in deep recession - GDP contracted at an annualised rate of 5.0% in the March 2020 quarter and a record 31.4% in the ...

Chief economist update: Good US employment news is not so good

BENJAMIN ONG  |  MONDAY, 10 AUG 2020
... recorded during the great financial crisis. This is concerning because my back of the envelope calculations show that the US economy has lost a total of 12.4 million jobs between January and July this year and that it'll still be down 3.6 million ...

Chief economist update: A tiny bug takes down the largest economy

BENJAMIN ONG  |  FRIDAY, 31 JUL 2020
... declarations that we are living in unprecedented times. Some would be concerned, but most would understand, reading about the US economy shrinking by 9.5% in the June quarter, given the coronavirus that's still doing its rounds around the world and... ...

Chief economist update: Not easy easing restrictions

BENJAMIN ONG  |  TUESDAY, 14 JUL 2020
... stronger - up to 57.1 in June from 45.4 in May and April's 11-year low reading of 41.8...."hiring is picking up". The US economy has added 2.7 million jobs in May and 4.8 million in June after shedding 1.3 million jobs in March and 20.5 million in ...

Chief economist update: Extraordinarily uncertain outlook

BENJAMIN ONG  |  TUESDAY, 30 JUN 2020
US Federal Reserve chair Jerome Powell has painted an optimistic picture of developments in the US economy while at the same time warning of extraordinary uncertainty. "As the economy reopens, incoming data are beginning to reflect a resumption of economic ...

Chief economist update: The power of money (and a cure)

BENJAMIN ONG  |  WEDNESDAY, 17 JUN 2020
... Russell 2000 (7.6%). Financial market wire and web services pointed the finger on the Fed's gloomy outlook for the US economy (declared at the conclusion of its 9-10 June FOMC meeting) and the increasing likelihood of a second wave in America. I ...

Chief economist update: The second wave

BENJAMIN ONG  |  FRIDAY, 12 JUN 2020
... Russell 2000 (7.6%). Financial market wire and web services point the finger on the Fed's gloomy outlook for the US economy (declared at the conclusion of its 9-10 June FOMC meeting) and the increasing likelihood of a second wave in America. Don't ...