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Showing 1 - 10 of 13 results for "GFC days"

Chief economist update: A penny saved, a penny not earned by the economy

BENJAMIN ONG  |  FRIDAY, 6 DEC 2019
... household consumption rose by just 0.1% over the three-month period to its slowest pace since the December quarter of 2008 (GFC days). Where have the dividends from Morrison's tax offset and reduced mortgage repayments go? They were saved! The household ...

Chief economist update: Bad news is good news is back

BENJAMIN ONG  |  FRIDAY, 4 OCT 2019
... deeper into contraction territory from 49.1 in August to a reading of 47.8 in September - the lowest since June 2009 (GFC days) and lower than market expectations for an increase to 50.4. Then it got worse. While still in expansion territory, last night's ...

Chief economist update: US recession on the cards

BENJAMIN ONG  |  THURSDAY, 3 OCT 2019
... deeper into contraction territory from 49.1 in August to a reading of 47.8 in September - the lowest since June 2009 (GFC days) and lower than market expectations for an increase to 50.4. Nine out of 10 of the ISM manufacturing sub-indexes remained at ...

Boring is good

BENJAMIN ONG  |  WEDNESDAY, 6 SEP 2017
... it, at a record low 1.5%...to this day. In a word, boring. But boring is good, for unlike the extreme volatility of the GFC days, there was little of that during his term (so far). The A$/US$ exchange rate has fluctuated from US$0.7484 (the day before ...

Economic Wrap

BENJAMIN ONG  |  TUESDAY, 7 JUN 2016
... in the previous month, confirming the weak payrolls report. This is the lowest reading since May 2009 (that's right, GFC days) and the fifth straight month of negative readings. As a matter of interest, the LMCI printed at 5.4 in November 2013 and 2.5 ...

China crashlands back to GFC days

BENJAMIN ONG  |  WEDNESDAY, 9 MAR 2016
... predictions for a 14.5% drop and an acceleration from the 11.5% drop in the previous month. February's fall since the GFC days when exports plummeted by 26.3% in May 2009. China is not buying "Made outside China" stuff. China's imports declined by 13.8% ...

Lift-off off

BENJAMIN ONG  |  FRIDAY, 16 OCT 2015
... registered any positive year-on-year growth in each and every month of 2015 through to August - the first time since the GFC days of 2009. Certainly makes a convincing argument against a lift sometime soon and instead for a QE re-launch or negative interest ...

So bad it could only be good

BENJAMIN ONG  |  WEDNESDAY, 9 SEP 2015
... which the PBOC has already taken down from 20%in January to 18% last month. This was cut to 15.5% back during the dark GFC days of 2009. And if all else fails, there's always QE. As 'The Economist' magazine explains in its 7 September blog titled, "How ...

A$ falls to the occasion

BENJAMIN ONG  |  TUESDAY, 25 AUG 2015
... They refer to the S&P/ASX 200 index's 4.1% slump yesterday -- biggest one-day fall since January 2009 (that's right, the GFC days) - sending it down to levels we have not seen since mid-2013. Woe is us! For there would be some more dunking to follow ...

When saving goes bad

BENJAMIN ONG  |  FRIDAY, 28 FEB 2014
... structures and equipment, plant and machinery dropped by 5.2% in the December quarter - the biggest fall since 2009 (GFC days). More worrying, local businesses plan to do more saving - the first estimate show they intend to cut spending by 17.4% in FY ...
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