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Showing 61 - 70 of 1014 results for "US economy"

Chief economist update: USA Inc is under new management

BENJAMIN ONG  |  THURSDAY, 21 JAN 2021
... executive, monetary and fiscal branches of government are united in ensuring a brighter and more sustainable outlook for the US economy. The Biden administration has proposed a US$1.9 trillion COVID-19 relief plan. US Federal Reserve chair Jerome Powell ...

Chief economist update: Fed acts with inaction

BENJAMIN ONG  |  THURSDAY, 17 DEC 2020
... officials appear to be leaning on the side of the vaccine. To be sure, recent indicators point to a slowing in the US economy - a consequence of surging COVID-19 infections and deaths that, in turn, prompted the re-imposition of restrictions in a number ...

Chief economist update: Greed is good

BENJAMIN ONG  |  MONDAY, 7 DEC 2020
... work due to illness soared to 1.85 million, the third highest on record. It's beginning to look a lot like the US economy is, if not already, slowing. But at the same time, Wall Street's gaining upward momentum. There's TINA and FOMO, I mentioned ...

Chief economist update: Dow 30 thousand

BENJAMIN ONG  |  THURSDAY, 26 NOV 2020
... the US equity market would rally to new heights amid the nightmare of the coronavirus pandemic that, in turn sent the US economy collapsing at an annualised rate of 32.9% in the June 2020 quarter - the sharpest contraction on record - that followed a ...

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... ...