Chief economist update: Are capital markets the next Sino-US battleground?
BENJAMIN ONG  |  MONDAY, 30 SEP 2019
Having sent the US equity market down, Trump might be thinking it's a small price to pay in return for getting China to wave the white flag in this seemingly never-ending trade battle.
Chief economist update: China's great leap forward 70 years in the making
BENJAMIN ONG  |  FRIDAY, 27 SEP 2019
October 1 marks the 70th anniversary of the founding of the People's Republic of China. The Politburo has much to celebrate and boast about.
Chief economist update: Morrison, Frydenberg cannot have their surplus and eat it too
BENJAMIN ONG  |  THURSDAY, 26 SEP 2019
With the RBA nearly out of ammunition - virtually "pushing on a string" - the government has to step in. But nah, the Morrison administration has to have the right to brag it took the budget to a surplus.
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 on the afternoon of October 1, but why is the RBA cutting interest rates at all when it's getting less bang for its cuts?
Chief economist update: Time for a Keynes comeback
BENJAMIN ONG  |  TUESDAY, 24 SEP 2019
Years of accommodative monetary policy has failed to lift inflation to within central bank targets. They've only lifted asset prices, a situation which would ultimately become a future problem.
Chief economist update: The BOJ needs to run faster to stay in the running
BENJAMIN ONG  |  MONDAY, 23 SEP 2019
While the US dollar has appreciated by 2.4% this year to date, it's down by 1.9% versus the yen while the euro is buying 5.7% less yen than it did at the start of 2019.
Chief economist update: This is a job for the RBA (and the Treasury)
BENJAMIN ONG  |  FRIDAY, 20 SEP 2019
The RBA could cut rates to zero (even negative) and even embark on QE, but the general uncertainty emanating from the global slowdown would make Australian businesses hesitant to increase investment in building, structures, equipment and staff - least ...
Chief economist update: Future path of fed funds rate
BENJAMIN ONG  |  THURSDAY, 19 SEP 2019
The future path of the fed funds rate remains uncertain, even over the remaining months of 2019. While the Fed consensus is that this cut is the last, the FOMC cannot reach a consensus.
Chief economist update: Plenty of oil
BENJAMIN ONG  |  WEDNESDAY, 18 SEP 2019
At the end of the day, a sustainable rise in crude oil prices will be - as they have always been - dictated by the law of supply and demand.
Chief economist update: Fed future move depends on dollar direction
BENJAMIN ONG  |  MONDAY, 16 SEP 2019
Financial markets the world over would be in a sort of suspended animation awaiting the conclusion of the Federal Reserve's September meeting. This time, there's no "will they, won't they" question to be answered in regards to another cut.
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