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Showing 41 - 50 of 235 results for "Yes Virginia"

Chief economist update: The spook on Wall Street

BENJAMIN ONG  |  WEDNESDAY, 31 JAN 2018
... days since Brexit" (Business Insider) "Stocks Tumble, Bonds No Haven as Selloff Worsens: Markets Wrap" (Bloomberg) Yes Virginia, the US stock market had tumbled, sold off and crushed overnight. The final tally showed the S&P 500 index down 1.1%; the ...

Happier New Year

BENJAMIN ONG  |  MONDAY, 8 JAN 2018
... red roses too I see them bloom for me and you And I think to myself what a wonderful world..." -- Louis Armstrong Yes Virginia, if the strong performance of most major equity markets around the world is any indication, 2018 will not be just a happy New ...

Powell power

BENJAMIN ONG  |  THURSDAY, 30 NOV 2017
... whether it's transitory or more persistent, providing justification for the Fed's baby steps towards normalisation. Yes Virginia, we've heard and read all these before. But it could not be denied that Madam Yellen will be leaving the US economy in much ...

The price is not right

BENJAMIN ONG  |  THURSDAY, 23 NOV 2017
... neck out (not to be chopped in time for Thanksgiving, crossed fingers) anticipating stronger US growth momentum. Yes Virginia, I intentionally kept away from talking about inflation for like the Fed, I, too, am in a daze. For "Toto, I have a feeling ...

Surefire Melbourne Cup bet

BENJAMIN ONG  |  MONDAY, 30 OCT 2017
... Bank of Australia (RBA) not moving on interest rates when its board meets on Melbourne Cup Day, Tuesday 7 November. Yes Virginia, I know, it's like saying that sugar is sweet and made even sweeter (well depending on one's viewpoint, certainly not the ...

Beige Book report delivers known knowns

BENJAMIN ONG  |  THURSDAY, 19 OCT 2017
... overall summary of the 12 district reports is prepared by a designated Federal Reserve Bank on a rotating basis." Yes Virginia, the Beige Book summarises the state of play in each of the 12 Federal Reserve districts. And if I may add, it's released approximately ...

Expansion everywhere

BENJAMIN ONG  |  TUESDAY, 3 OCT 2017
... manufacturing PMI survey releases showing that the world's biggest economies are all - not some - "floating" above 50. Yes Virginia, one and all are tracking above the 50-point line that delineates expansion from contraction. In the US, Markit's final ...

The BOJ's educated hope

BENJAMIN ONG  |  FRIDAY, 22 SEP 2017
... well as financial conditions, with a view to maintaining the momentum toward achieving the price stability target." Yes Virginia, it's steady as she goes into abnormality "until the year-on-year rate of increase in the observed CPI (all items less fresh ...

Trump and Kim go ballistic

BENJAMIN ONG  |  FRIDAY, 11 AUG 2017
I'll see your "fire and fury" and raise you Guam. Yes Virginia, that's Trump and Kim going ballistic once again as they play high stakes ICBM poker. Who will be the first to blink and fold? From what we already know of each players' character and temperament ...

Wages separate businesses from consumers

BENJAMIN ONG  |  THURSDAY, 10 AUG 2017
... growth in wages; increases in key costs such as electricity and emerging concerns about rising interest rates..." Yes Virginia, we're back to wages. The same one the RBA notes as the "largest component of business costs" and which helps explain rising ...