Central Banking Series

The Fed will have to do a lot more than cut rates to zero to stop Wall Street's coronavirus panic

Mar 17, 2020 01:38 am UTC| Economy Central Banks

The Federal Reserve is 0 for 2 in its fight against Wall Streets coronavirus panic, seeming to confirm perceptions of the central banks impotence. The Feds first attempt to calm thing down a half-point surprise rate...

NZ's decision to close its borders will hurt tourism but it's the right thing to do

Mar 16, 2020 06:37 am UTC| Economy

Prime Minister Jacinda Ardern has done exactly what is needed to limit the spread of COVID-19 in New Zealand and the Pacific. Two new cases were confirmed today, just hours before new border restrictions come into...

How will coronavirus affect property prices?

Mar 16, 2020 06:06 am UTC| Real Estate Investing Economy

Its one of the most Googled questions since the coronavirus and COVID-19 outbreak: how will coronavirus affect house prices? The bottom line is it will be negative - prices will go down. People, up until now, have been...

Coronavirus and Spanish flu: economic lessons to learn from the last truly global pandemic

Mar 15, 2020 16:29 pm UTC| Economy

As news of the global spread of coronavirus disease (COVID-19) emerged, global financial markets reacted pessimistically and behaved in ways not seen since the 2008 financial crisis. But fully understanding the potential...

Cash handout of $750 for 6.5 million pensioners and others receiving government payments

Mar 15, 2020 16:25 pm UTC| Insights & Views Economy

A payment of $750 will be made from the end of this month to about 6.5 million people as part of the governments $17.6 billion stimulus package aimed at keeping Australia out of a recession caused by the impact of the...

Tokyo Olympics: how coronavirus is affecting preparations

Mar 15, 2020 16:24 pm UTC| Economy Sports

The World Health Organizations decision to officially recognise the coronavirus outbreak as a global pandemic means organisers are facing difficult decisions on whether to go ahead with major sporting events. There were...

Coronavirus and tourism: Places like Alaska without a COVID-19 outbreak could still be devastated

Mar 15, 2020 16:19 pm UTC| Economy

Alaska doesnt have a single reported case of COVID-19, yet economically it may be at its mercy. Thats because seasonal tourism plays an outsized role in Alaskas economy, representing as much as 1 in 10 jobs throughout...