Sino-U.S. trade dispute risks self-fulfilling downturn: RBA
The Sino-U.S. trade dispute is causing businesses worldwide to put off investmen...
Reserve Bank of Australia (RBA) Deputy Governor Guy Debelle also cautioned that the dispute over technology could prove even more damaging in the long run, forcing firms to chose between East or West rather than selling into a global market.
Fears of a possible global recession hammered financial markets around the world on Wednesday, sending U.S. stocks down 3% and pulling yields on 10-year Treasuries below those on two-year paper. That inversion of the curve has been a reliable predictor of recessions in the past.
So far, the dispute had had a limited impact on Australia as Beijing’s economic stimulus had supported demand for Australian commodities, notably iron ore.
This was one reason the RBA cut interest rates by a quarter point in both June and July, taking them to a record low of 1%.
House prices also looked to have stabilized after two years of declines, which should support household wealth.Read more: Reuters Top News
Art of the Deal! 🤣
Asia shares tumble as Hong Kong unrest, Argentine peso crash unnerve investorsAsian shares slumped on Tuesday as fears about a drawn out Sino-U.S. trade war, ... THANKS TO CORRUPT CHINESE COMUNIST PARTY 💀💀💀💀💀💀💀💀💀
Indulge Yourself or Serve Others? It DependsResearch tests the emotional consequences of self- and other-oriented acts ALWAYS!!!! Giving is so much more fulfilling then when you indulge to try to make yourself feel good. It never seems to make you feel any better! Giving to someone in need is always best for the Soul!
Fed Considers New Tool for a DownturnThe countercyclical capital buffer would require banks to hold more capital should the economy show signs of overheating, or to keep less of it during bad economic times They sure sending a lot of signals lately Larry Kudlow and the future. The countercyclical capital buffer would require banks to hold more capital should the economy show signs of overheating, or to keep less of it during bad economic times and executives be tarred and feathered should there be another global financial crisis.
GM, Ford planning for possible economic downturn: executivesThe top two U.S. automakers are preparing for a possible economic downturn, the ... ? Auto industry and housing markets are leading indicators. Buckle up everyone, it’s gonna be a bumpy ride. Courting who exactly for another bailout?
As Global Order Crumbles, Risks of Recession GrowNations’ commitment to open markets is disintegrating. Resulting shifts are pushing the global economy closer to recession, greg_ip writes. greg_ip Who knew electing a 7 times bankrupt nationalist would have a negative impact on the economy... There was no way to know really.. greg_ip Thanks for supporting Trump, then! Yes, that was sarcasm. greg_ip Yeah so glad the publication of business supported the dipshit president who is currently wrecking the world economy.
Unconventional monetary policy possible but unlikely in Australia: RBA's Kent Australia won't rule out unconventional monetary policy to revive its econo... Why did I first look at this picture and see a superimposed dog face... why?