Search ResultsShowing 1 - 10 of 71 results for "Great Depression"
Chief economist update: Trump should read Frank
BENJAMIN ONG  |  MONDAY, 26 AUG 2019
... tit-for-tat lowering of tariffs around the world and expanded global trade, pulling America and the world out of the Great Depression of the 1930s. Trump's war cry of "Making America Great Again" by "beggaring his neighbours" would only end in tears ...
Chief economist update: Greater than the Great Recession of 2008
BENJAMIN ONG  |  THURSDAY, 15 AUG 2019
... that this is a lose-lose proposition. The Smoot-Hawley Tariff Act - enacted on 17 June 1930 (the time of the Great Depression) - increased the tariffs on US imports from 25.9% to 50%. What did this produce? Other countries imposed retaliatory tariffs ...
Chief economist update: Famous last words
BENJAMIN ONG  |  TUESDAY, 28 AUG 2018
... Fisher's pronouncement), Wall Street crashed (collapsing by 11% at the opening bell) and was followed by the Great Depression of the 1930s. Like many others, I thought that this would never happen again, the world - governments and central banks ...
The Fed's aware of building imbalances
BENJAMIN ONG  |  TUESDAY, 28 NOV 2017
... Monday, when it fell another 13%; and the next day, Black Tuesday, when it lost 12% more (Wikipedia) and the Great Depression followed." Not to spook but just to remind. Fortunately, the Fed (or one of them) is on the ball. In his essay on "A Balanced ...
Exposing the hidden risks of cash
ALEX BURKE  |  WEDNESDAY, 26 JUL 2017
... investment made in 1882 would be substantially lower than income from dividends. "In fact, even if we had another Great Depression, it would take our current 5.29% dividend yield down to 2.38% - above the current cash rate, which would likely fall to ...
The Trump risk on global trade
BENJAMIN ONG  |  FRIDAY, 14 JUL 2017
... too. Trade war here we come. And it won't do any nation any good, not least the US of A. The history of the Great Depression had already shown us, in particular the Smoot-Hawley Tariff Act. The Smoot-Hawley Tariff Act - enacted on 17 June 1930 - increased ...
Trump's tweets and deeds
BENJAMIN ONG  |  MONDAY, 6 FEB 2017
... repeat it." Is current US President Donald Trump repeating then US President Herbert Hoover's mistake, circa the "Great Depression" of the 1930s? According to the 'Library of Economics and Liberty', "Two other areas that Hoover intervened in aggressively ...
The Fed's done it
BENJAMIN ONG  |  THURSDAY, 17 DEC 2015
... held near zero to support the recovery of the economy from the worst financial crisis and recession since the Great Depression. It also recognizes the considerable progress that has been made toward restoring jobs, raising incomes, and easing the economic ...
Round and round we go
BENJAMIN ONG  |  THURSDAY, 16 JUL 2015
... to the Chicken Little headline, "China hurtles towards its own version of the 1929 stock market crash... and Great Depression" (AFR) But nah, China has to slow. It has to or the doom and gloom predicted for this land girt by sea would just be that, "doom ...
Glass-Steagall Act reintroduced to US Senate
ALEX DUNNIN  |  THURSDAY, 9 JUL 2015
... dealing, and hedge fund and private equity activities." The Glass-Steagall Act introduced in 1933 during the Great Depression was repealed in 1999 by the Clinton Administration and critics claimed it inadvertently set the scene for the sub-prime and ...
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