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.
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By Michael Knox
18 June 2020, 1:30 PM
The road ahead for the Fed
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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.
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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.
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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%.
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By Michael Knox
21 May 2020, 12:20 PM
Rapid recovery begins in the US in Q3 2020.
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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.
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By Michael Knox
07 May 2020, 8:50 AM
Much weaker second quarter earnings will be a shock when announced in the third quarter.
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By Michael Knox
29 April 2020, 2:55 PM
A recovery in the Chinese and US economies will generate an increase in oil demand and begin a recovery in the oil price.
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By Michael Knox
22 April 2020, 4:45 PM
Michael Knox Morgans Chief Economist discusses how the Chinese economy is almost back to full production, based on the view that they have already overcome the pandemic.
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