Search ResultsShowing 71 - 80 of 100+ results for Benjamin Ong
Chief economist update: Morrison, Frydenberg cannot have their surplus and eat it too
BENJAMIN ONG  |  THURSDAY, 26 SEP 2019
Recent headlines underscore what Financial Standard had been ranting about months before. Those rants include The general economic uncertainty wouldn't be sufficient to prod businesses and consumers to invest and spend, even if interest rates were ...
Chief economist update: RBA cuts official cash rate to 0.75%
BENJAMIN ONG  |  WEDNESDAY, 25 SEP 2019
This will be the headline flashing on your screens at around 230 in the afternoon of Tuesday, October 1, after the Reserve Bank of Australia (RBA) concludes its scheduled board meeting. In his address to the Armidale Business Chamber, RBA governor Philip ...
Chief economist update: Time for a Keynes comeback
BENJAMIN ONG  |  TUESDAY, 24 SEP 2019
"Help, I need somebody... Help me if you can, I'm feeling down... Help me get my feet back on the ground Won't you please, please help me." -- The Beatles Most major world central banks have already cut interest rates (more than once) and/or ...
Chief economist update: The BOJ needs to run faster to stay in the running
BENJAMIN ONG  |  MONDAY, 23 SEP 2019
"Now, here, you see, it takes all the running you can do, to keep in the same place. If you want to get somewhere else, you must run at least twice as fast as that!" - Lewis Carroll's 'Through the Looking-Glass' The "Red Queen" in the novel ...
Chief economist update: This is a job for the RBA (and the Treasury)
BENJAMIN ONG  |  FRIDAY, 20 SEP 2019
Sub-one percent official cash rate here we come! The Australian dollar's near half a cent drop to US$67.84 on the day immediately following the US Federal Reserve's announced a 25 bp cut in the fed funds rate underscores financial markets' ...
Chief economist update: Future path of fed funds rate
BENJAMIN ONG  |  THURSDAY, 19 SEP 2019
Two down, none to go! There was division at the Fed - one official wanted a 50 bps rate cut; two wanted the target rate maintained - but after all was said and done, they were outvoted by the majority of seven (led by Fed chair Powell) which didn't ...
Chief economist update: Plenty of oil
BENJAMIN ONG  |  WEDNESDAY, 18 SEP 2019
Oil prices soared after a drone attack on September 14 on Saudi Arabia's Abqaiq oil-processing plant (estimated to produce around 5% of global oil supply). WTI and Brent crude oil prices jumped by 14.6%, to US$62.88 per barrel and US$69.03/barrel ...
Chief economist update: Fed future move depends on dollar direction
BENJAMIN ONG  |  MONDAY, 16 SEP 2019
Freeze frame. Financial markets the world over would be in a sort of suspended animation as they await the conclusion of the US Federal Reserve's September FOMC meeting. This time, there's no "will they, won't they" question to be answered ...
Chief economist update: Whatever it takes, however long it takes
BENJAMIN ONG  |  FRIDAY, 13 SEP 2019
Financial Standard already said its piece several days before the European Central Bank's (ECB) September 12 meeting, concluding that: "Super Mario would want to go out with a bang (his last month in office) and do "whatever it takes" to mitigate ...
Chief economist update: 'Paradox of Thrift' in action
BENJAMIN ONG  |  THURSDAY, 12 SEP 2019
Like the fable of the "boiling frog" - put a frog into boiling water, the frog will jump out, put it in cold/tepid water and bring the water slowly to a boil and it will be cooked to death - the Australian economy is slowly being boiled ... to death. ...
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