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|... year ago. So what did Wall Street do after seeing these figures? The Dow and the S&P 500 closed almost one per cent higher. Ahh! But it could still be salvaged Virginia. We could still find a plausible explanation for the market's good mood overnight. ...|
|... government revenues, making it easier and faster to reduce the budget deficit and repay the national debt. Mortgaged future paid! Ahh...but now there's a new scare -- pain from rising interest rates. The RBA had had already raised the official cash rate ...|
|... or in a safety deposit box. But how do you store tonnes of gold? You pay a warehouse or a vault to store and guard them. Ahh...yes! That's it! But wait. With so many wanting to hold gold bullions, bars, ingots and coins, warehouses and vaults are overloaded ...|
|... rise in the value of their houses to finance conspicuous and not so conspicuous consumption. This was no time for saving. Ahh...the good life. And now that crap hit the fan, they blame (shoot) others? But before another Jason Rodriguez points the gun ...|
|... sometime, greed and excess will return, caution will be thrown to the wind, and then...the next bust. But when? Nobody knows. Ahh yes, there will be cries of "I told you so" after the fact. It is so easy to put a dd/mm/yyyy tomorrow. But ask when today ...|
|... become 4.75 per cent. OMG! OMG! OMG! Some commentators blamed this for the dip in the Australian equity market yesterday. Ahh yes, of course, pressure on stock valuation, higher mortgage rates that would dampen property, higher credit rates that would ...|
|... debatable. Arguments for are as valid as those against. The point is this would contribute to a September pullback. China. Ahh yes, the economy that keeps on giving...its produce to the world...and its money to the US. Is this just a coincidence or what? ...|
|... month in Financial Standard's Vantage Point publication. Earnings...check. Economics...check. What about investor psychology. Ahh, yes...that unquantifiable and fickle human emotion. Let me put it this way. There's a US non-bank lender called CIT Group. ...|
|... am working for the wrong company. For where else could employees nearly destroy a business and get rewarded for doing so? Ahh but there is. Citigroup is reportedly following similar moves by Morgan Stanley and UBS. I take my hat off to these institutions. ...|
|... government hand out to Lucky Australians. And the Budget Papers? How many fish the pages could wrap and origami it could create. Ahh, the good old days. And why not? Times have been good. It has been almost a generation since 'The Lucky Country' experienced ...|
Equity Trustees has handed over the management of Newgate Real Estate and Infrastructure Fund to a new manager, as Newgate Capital announces its intention to retire from the fund.
Zurich Australia and OnePath Life announced donations to 20 charities with COVID-19 response funding.
Liberal MP Tim Wilson has asked to recall ME Bank to the House of Representatives Standing Committee on Economics after correspondence with ASIC for a hearing later this week.
Mercy Super has appointed a financial services veteran as an independent director, bringing with him more than 40 years' experience in funds management to the board.
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