Morgans Blog | Morgans

All posts by Michael Knox

Chief Economist and Director of Strategy

View author's profile

Questions to the RBA

01 July 2020, 2:50 PM

Morgans Chief Economist Michael Knox, discusses how he prepared 4 questions for the RBA Deputy Governor Guy Debelle, at an event hosted by the Economic Society of Australia (QLD) and Morgans Financial on 30 June 2020. The Governor's answers, surprised our Chief Economist.

Why is Australian dollar so strong?

By Michael Knox

25 June 2020, 10:02 AM

I discuss the aggressive rate cuts by the Fed which led the US dollar to fall and the Australian dollar to rise.

Whatever we can and as long as it takes

By Michael Knox

18 June 2020, 1:30 PM

The road ahead for the Fed

Podcast: A third quarter correction in the S&P 500?

By Michael Knox

11 June 2020, 11:30 AM

The US equities market has already run to a level in excess of that justified by the stimulus of the Federal Reserve. We think it highly likely that forecasts of US earnings for the second quarter of 2020 will dramatically disappoint. The S&P500 is increasingly vulnerable to a correction.

Why the Fed and the RBA won't follow Europe into negative interest rates

By Michael Knox

04 June 2020, 6:50 PM

Fed research shows that negative interest rates damage the ability of the banking system to provide liquidity in times of crisis. They also damage the return on assets of banks even in normal times.

Podcast: Chinese industry recovers

By Michael Knox

26 May 2020, 12:15 PM

Chinese crude steel production is up 0.2% over a year ago. The output of steel products is up by 3.6%.

The Congressional Budget Office and the crisis

By Michael Knox

21 May 2020, 12:20 PM

Rapid recovery begins in the US in Q3 2020.

Podcast: Turning points in the US economy

By Michael Knox

14 May 2020, 9:45 AM

I detail how a horrific fall in US GDP in the second quarter of 2020 will be followed by stability and a little growth in the third quarter. Growth then rapidly accelerates as we move into 2021.