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Showing 1 - 10 of 26 results for "Thrift"

Fink warns of "slow rolling crisis"

JAMIE WILLIAMSON  |  THURSDAY, 16 MAR 2023
In his annual letter to investors, BlackRock chair Larry Fink has said it's unclear what impact the collapse of Silicon Valley Bank and others this past week will truly have, saying they are just one element of the "price we're paying for decades ...

Qantas Super introduces passive option, drops fees

JAMIE WILLIAMSON  |  WEDNESDAY, 30 JUN 2021
The $9 billion corporate superannuation fund is launching a passive investment option to members tomorrow, while also reducing administration fees and the amount it contributes to its defined benefit pool. From tomorrow, Qantas Super members will be ...

Chief economist update: We're not there yet

BENJAMIN ONG  |  FRIDAY, 13 NOV 2020
... restrictions... Fiscal policy can directly respond where help is most needed. "Second, fiscal policy can break paradox of thrift dynamics in the private sector when uncertainty is present... people who consider government support to be more adequately ...

Chief economist update: Cheaper prices not a bargain

BENJAMIN ONG  |  THURSDAY, 30 JUL 2020
... counterintuitive but falling prices are bad news bears for the economy, any economy. Just like John Maynard Keynes' Paradox of Thrift, savings by individuals during recessions lead to a general decline in aggregate demand and therefore, even slower ...

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

BENJAMIN ONG  |  FRIDAY, 6 DEC 2019
"As this prudent economy, which some people call Saving, is in private families the most certain method to increase an estate, so some imagine that, whether a country be barren or fruitful, the same method if generally pursued (which they think practicable) ...

Chief economist update: 'Paradox of Thrift' in action

BENJAMIN ONG  |  THURSDAY, 12 SEP 2019
... one sector's spending is another sector's income. This is what we call in the dismal science as the "Paradox of Thrift". A penny saved might be a penny earned. But not when everyone is saving every penny.

Aussie super funds increase world ranking

EMMA RAPAPORT  |  TUESDAY, 5 SEP 2017
... Assets 1 Government Pension Investment Japan $1,237,636 2 Government Pension Fund Norway $893,088 3 Federal Retirement Thrift U.S. $485,575 4 National Pension South Korea $462,161 5 ABP Netherlands $404,310 6 National Social Security China $348,662 7 ...

Lead us not into a recession

BENJAMIN ONG  |  THURSDAY, 3 SEP 2015
... year-end. This compares with 2.6% for the US, 6.8% for Japan, 4.4% for the UK and Spain and 2.7% for China. Sure, austerity and thrift is good... but not if every sector in the economy is doing it for one sector's spending is another sector's income. ...

SelectingSuper rejects claim small funds should merge

ALEX DUNNIN  |  WEDNESDAY, 5 AUG 2015
... rather than use Australian benchmarks, should instead refer to overseas best practice such as the 3 basis points the US Thrift Savings Plan - a US industry fund equivalent for federal employees and members of the military - charges for its services.

Crowding in

BENJAMIN ONG  |  TUESDAY, 25 NOV 2014
As a student of economics, I've heard about John Maynard Keynes' 'Paradox of Thrift', David Ricardo's 'Ricardian Equivalence Theory', A Alan Greenspan's 'Interest Rate Conundrum' (which appears to be making a return performance in the US) and of course ...
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