Ben Bernanke

News and interviews on Ben Bernanke including trends, features, blogs and community conversations from an Australian business perspective.

Thursday, 28 April 2011

Australian dollar hits $US1.09, Federal Reserve announces an end to stimulus: Midday Roundup

The Australian dollar has pushed through the $US1.09 barrier this morning, topping yesterday's record high.
 

Wednesday, 06 April 2011

Housing finance drops to lowest point in 10 years: Midday Roundup

Data released this morning by the ABS shows housing finance levels dropped 5.6% in February, a decade low for the number of loans approved in a month.
 

Tuesday, 05 April 2011

Services sector contracts again: Midday Roundup

The Australian sharemarket has shrugged off a flat start to trade slightly higher at midday, defying mixed offshore leads and a slow trading day on Wall Street.
 

Thursday, 10 March 2011

Fund management giant delivers big vote of no confidence in US: Maley

By dropping all US government-related debt, PIMCO's Bill Gross has put action to concerns that the QE program only covered up symptoms of a sick US economy and issued a vote of no confidence in Ben Bernanke's policies.
 

Thursday, 10 February 2011

Unemployment remains steady at 5%: Economy Roundup

Jobs growth better than expected with the number of people employed rising by 24,000, with most of that growth in part-time jobs.
 

Will China and the US allow the global inflation genie out of the bottle? Maley

China and the US look to be trapped in a 'prisoner's dilemma', with neither willing to move first to correct their fiscal and currency policies. One of them had better blink before inflation really takes off.
 

Friday, 28 January 2011

Shares flat despite more Wall Street gains, US credit rating under threat: Economy Roundup

The Australian sharemarket has opened flat this morning, despite a good result on Wall Street last night where stocks managed to reach another 29-month high.
 

Thursday, 27 January 2011

Why Julia Gillard’s levy is completely unnecessary: Kohler

A levy to fund flood rebuilding is simply not needed. The federal budget could easily handle the reconstruction, but only if both sides of politics get over their dogmatic, irrational commitment to budget surpluses.
 

Friday, 05 November 2010

A rocky road to recovery

Around the world traders are looking closely at Ben Bernanke's statements.
 

The Fed’s stimulus is off to a flying start – but will it last? Maley

Investors are piling into asset markets just as Ben Bernanke said they would, spurred on by the Fed's new $600 billion treasuries buying program. But critics are already asking how long this exuberance can last.
 

Tuesday, 19 October 2010

Just who owns America’s houses? Maley

US home lending is in chaos. The rush to originate and then securitise loans during the housing boom has left a multifaceted legal problem for banks that some fear will only be fixed by a new round of bail-outs.
 

Wednesday, 13 October 2010

Will a fresh round of US stimulus measures actually work? Maley

Criticism is mounting of Ben Bernanke's plans for a second round of quantitative easing. Not only will it fail to stimulate growth, say the critics, but it may also cause huge structural damage to the economy.
 

Monday, 30 August 2010

Company profits up 19%, Shares jump 2% on US stimulus hopes: Economy Roundup

Australian sharemarket opens nearly 2% higher, following a speech from Ben Bernanke in which he noted the reserve would be willing to stimulate the US economy again if needed.
 

Monday, 09 August 2010

THE BIG PICTURE: Deciphering deflation

The 'hot button' issue on global financial markets is deflation, or falling prices.
 

Tuesday, 03 August 2010

Retail sales up 0.2% in June, Building approvals down again: Economy Roundup

Australian sharemarket has opened higher today, following a 10-week high on Wall Street where stocks rose due to a positive outlook on the economy from Fed chairman Ben Bernanke.
 

Thursday, 22 July 2010

Business conditions plummet in June quarter: Economy Roundup

Foster's Group says internal finance report specifying a 2011 earnings target of $84 million was for management only, triggering an ASX clarification.
 

Monday, 19 July 2010

THE BIG PICTURE: The herd mentality taking over markets

An issue that is starting to receive more attention is the correlation between individual stocks, sectors and sharemarkets.
 

Thursday, 15 July 2010

Bernanke's shrinking feeling: Maley

Despite stimulus measures, the US economy is bogged down. With government spending cuts and tax rises set to pull down GDP further there's little chance the economy won't contract in the coming year.
 

Wednesday, 14 July 2010

Fear is holding America back: Maley

Ben Bernanke knows the US economy won't pick up until banks start lending to small business. But though the banks have cheap money to lend, SME borrowers are nowhere to be found.
 

Friday, 18 June 2010

Looking to the future

Don't be surprised to see consumers cutting back their luxury spending, interstate and overseas travel but spending more on home renovations and paying off their mortgages.
 
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