Search ResultsShowing 1 - 10 of 24 results for "Ouch"
Chief economist update: Greater than the Great Recession of 2008
BENJAMIN ONG  |  THURSDAY, 15 AUG 2019
... tariffs on US imports (as China is doing now). US imports decreased by 66% between 1929 and 1933 and its exports plunged 61%. Ouch! We all know what happened thereafter -- the depression deepened. The US unemployment rate jumped from 7.8% in 1930 to ...
Chief economist update: Rate hike hawks in RBA dove's shadow
BENJAMIN ONG  |  TUESDAY, 26 JUN 2018
... warrant it. It's just getting rates back to something more normal." Did you get that? "now is the time to raise rates"! Ouch! That hurt...my pride. This is because I have been arguing for a rate cut - the last one published on June 6 . My basic premise ...
Chief economist update: Lessons from the last world trade war
BENJAMIN ONG  |  MONDAY, 25 JUN 2018
... imposed retaliatory tariffs on US imports. US imports dropped by 66% between 1929 and 1933 and its exports plunged 61%. Ouch! We all know what happened thereafter - the 1930s depression deepened. The US unemployment rate jumped from 7.8% in 1930 to 25.1% ...
Chief economist update: Trump spoils for war
BENJAMIN ONG  |  FRIDAY, 2 MAR 2018
... neighbours, America also beggared itself. US imports dropped by 66% between 1929 and 1933 and its exports plunged by 61%. Ouch! We all know what happened thereafter - the depression deepened. The US unemployment rate jumped from 7.8% in 1930 to 25.1% ...
The Trump risk on global trade
BENJAMIN ONG  |  FRIDAY, 14 JUL 2017
... imposed retaliatory tariffs on US imports. US imports decreased by 66% between 1929 and 1933 and its exports plunged 61%. Ouch! We all know what happened thereafter - the depression deepened. The US unemployment rate jumped from 7.8% in 1930 to 25.1% ...
Trump protectionism protects not the emerging markets
BENJAMIN ONG  |  MONDAY, 28 NOV 2016
... to mention the flow-on effect of higher US interest rates into the world market. The dearer greenback would also provide ouch number two. That is, emerging markets' depreciated currencies would stoke inflation in their respective economies. So far, most ...
A-dollar zero point six six
BENJAMIN ONG  |  TUESDAY, 25 FEB 2014
... on 27 July 2011 and then -- except for Australians travelling overseas and domestic importers and cybershoppers - it was ouch time. Just as I argued back in 2010 that, "a rising currency is the cure for a rising currency", so it is with a falling one. ...
Irish luck unlocked
BENJAMIN ONG  |  MONDAY, 20 JAN 2014
... which together with ongoing fiscal consolidation is expected to bring government debt ratios down from their recent peak." Ouch! Carmen and Kenneth must be feeling the pain. As if it wasn't painful enough that their Reinhart-Rogoff paper "Growth in a ...
QE paradox in reverse
BENJAMIN ONG  |  FRIDAY, 22 FEB 2013
Ouch! No, that's not the sound of the equity markets hurting from the sell-off of yesterday. It's yours and truly, kicking myself on the backside for not correctly pinpointing the catalyst to the correction that I've been warning about in recent days. ...
Blahs take the blues away
BENJAMIN ONG  |  WEDNESDAY, 8 AUG 2012
... budget deficits." That was back in February last year when the US 10-year bond yield averaged 3.57%. It's now at 1.56%. Ouch! And you even had a helping hand from Standard & Poor's removal of one A from America's credit rating last August. But back to ...
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