He predicted the Reserve Bank would cut rates, “so aggressively it will make our eyes water”; from their current 1.5 per cent to just 0.5 per cent.
By Emma Young
February 15, 2019 – 9.38pm
One of the world’s foremost economic and political experts has predicted an Australian interest rate cut to 0.5 per cent and painted a picture of a future economy that revolves around electric cars, the South East Asian and Chinese economies – and of course, lithium.
4:38 AM ET Mon, 1 July 2019
Jonathan Pain of The Pain Report says the Trump-Xi meeting at the G-20 summit was not as bad as it could have been, but did not have any substantive outcomes.
3:48 AM ET Wed, 12 June 2019
Jonathan Pain of The Pain Report says the Fed is going to signal that its next move is a rate cut, but that it is not yet ready to do so.
3:34 AM ET Fri, 3 May 2019
Jonathan Pain of The Pain Report says he expects the Reserve Bank of Australia to cut interest rates from 1.5 percent to 0.5 percent over the next couple of years.
2:54 AM ET Mon, 25 March 2019
Jonathan Pain of The Pain Report discusses what the inversion in the yield curve means. He says he respects the bond market’s message, which is “unequivocally” and “unambiguously,” that the global economy is slowing.
3:39 AM ET Mon, 25 Feb 2019
Jonathan Pain of The Pain Report says the U.S. economy will slow down, but he does not expect it to enter a recession for the time being.