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Showing 51 - 60 of 582 results for "Virginia"

Chief economist update: RBA heading to zero

BENJAMIN ONG  |  WEDNESDAY, 7 AUG 2019
... psychological threshold of CNY7.0/US$1) highlights just how determined the US president is to win the trade war. Yes Virginia, China's officially a "currency manipulator" in America's eyes - not when it was intervening to keep the yuan from depreciating ...

Chief economist update: Look out below

BENJAMIN ONG  |  TUESDAY, 6 AUG 2019
... Korea - both countries removing each other from their respective trade "white list" (preferred list of exporters). Yes Virginia, Trump has managed to turn close neighbours against each other. Trump must have read General George Patton's words: "The ...

Chief economist update: Another RBA rate cut should be enough

BENJAMIN ONG  |  MONDAY, 17 JUN 2019
... with not one, not two but three more rate reductions - two this year to 0.75% and one by June next year to 0.5%. Yes Virginia, you, I and Irene would dump the A$ too given these expectations. But just as we've proven the markets and "expert economists" ...

Chief economist update: The power of one

BENJAMIN ONG  |  TUESDAY, 28 MAY 2019
"The heat is on, the heat is on, the heat is on Oh it's on the street, the heat is on..." - Glenn Frey Oh yes, Virginia, the Reserve Bank better deliver a cut in interest rates when its board meets next week (June 4) or there'll be a lot of ...

Chief economist update: Low unemployment, low wages growth conundrum

BENJAMIN ONG  |  THURSDAY, 16 MAY 2019
... year to the March quarter - the same annual rate of growth recorded in the September and December quarters of 2018. Yes, Virginia - wage growth would have been weaker if not for the "regularly scheduled wage rises." Nothing organic! Private sector wages ...

Chief economist update: RBA May cut, May not

BENJAMIN ONG  |  FRIDAY, 3 MAY 2019
... profits and lending capacity without doing much to boost the economy", as published in the Australian Financial Review. Yes Virginia, they're looking out for number one (politicking?), of course. I trust the RBA enough not to give in to vested interests ...

Chief economist update: The Fed pause that refreshes

BENJAMIN ONG  |  WEDNESDAY, 24 APR 2019
... their former peaks overnight. And the Dow is not far behind - it's off a mere 0.6% away from its all-time high. Yes Virginia, you can be forgiven for scratching your head, for it was just a month ago that fears of an upcoming US recession was the ...

Chief economist update: Japan should raise taxes another day

BENJAMIN ONG  |  WEDNESDAY, 27 MAR 2019
... some risk that the scheduled consumption tax hike will exert downward pressure on economic activity and prices." Yes, Virginia, it's consumption tax hike. It's coming to a theatre near us in October this year when it'll rise from 8% to 10%. ...

Chief economist update: Woe to the world

BENJAMIN ONG  |  MONDAY, 25 MAR 2019
... respective 2019 lows. What gives? What gave that the yield on 10-year US Treasuries has fallen below the 1-year T-note. Yes, Virginia, the US yield curve has inverted and history shows that this is almost always followed by a US recession. But fears ...

Chief economist update: Prepare for lift-off

BENJAMIN ONG  |  MONDAY, 11 MAR 2019
... foresee as the re-starting of the engines of global growth, we'll all know that this started with the Powell pause. Yes Virginia, I've turned into Dr. Doom's (Nouriel Roubini's) mini-me since the second half of 2018. How could anyone ...