Richard Yetsenga 叶森 🇦🇺 🇭🇰 🇹🇭 🇳🇱

ANZ Bank Chief Economist. CEDA Board. GAICD. Asia. Antipodes. China. Climate. Diversity. India. Technology. Human economics.

[ET NOW @ETNOWlive]

#OnETNOW | "Global economy is handling the unprecedented oil shock reasonably well"

Richard Yetsenga of ANZ Group opines on President Donald Trump's latest comments and his outook on when the war could end

Full interview - https://t.co/u98j3FVH4N

@hershsayta @sajeetkm @ricyet #IranWar #oil

[ET NOW @ETNOWlive]

#WATCH | Oil markets swing between hope and fear as Trump hints at ending the war, but ANZ’s Richard Yetsenga says the durability of that statement remains uncertain amid political pressure over rising oil prices

Full Conversation : https://t.co/mll61Zwo4j

#OilMarkets #Trump #Geopolitics #CrudeOil #ANZ @ricyet @AyeshaFaridi1 @sajeetkm

[Richard Yetsenga 叶森 🇦🇺 🇭🇰 🇹🇭 🇳🇱 @ricyet]

This is from 2023, but worth reposting. In counties like Australia the essence of the system seems to conspire against adding to the supplying dwellings.

[John Burn-Murdoch @jburnmurdoch]

Underrated factor in why English-speaking countries have especially bad housing crises is their common law systems (adversarial and litigious) vs judge-led civil law systems elsewhere.

Makes Anglo planning/permitting systems especially vulnerable to NIMBYs and other objections.

[Richard Yetsenga 叶森 🇦🇺 🇭🇰 🇹🇭 🇳🇱 @ricyet]

@peter_tulip @pleasedontatme @mattcollins Haha I suppose normally good is better than always bad.

[CNBC-TV18 @CNBCTV18News]

#GlobalOpinion | Richard Yetsenga Of ANZ Research To @CNBCTV18News

- #FII flows are expected to return to #India at some stage next year
- Believe 2026 will be a better year for #Rupee

@_prashantnair @surabhiupadhyay @Nigel__DSouza #CNBCTV18Market @ricyet

WATCH: https://t.co/lHMwgZET0D

[Richard Yetsenga 叶森 🇦🇺 🇭🇰 🇹🇭 🇳🇱 @ricyet]

But if I don’t know to ask about the “torque spec” I end up with a much bigger problem. Is this not another self-driving car issue? Ie it’s 95% awesome, but the last 5% reduces the real-life usefulness massively.

[Bill Ackman @BillAckman]

This is incredible. Worth two minutes.

[ET NOW @ETNOWlive]

#WATCH | “A truce, not a treaty” 🇺🇸🇨🇳

Richard Yetsenga says the US-China trade deal signals a pause not peace. “It’s an interruption in the skirmish, not the end of it”

Full Interview: https://t.co/0LRESshgIz

#Trade #USChina #Markets #Geopolitics #ETNOW #GlobalEconomy @SnehiShah11 @ricyet

[Richard Yetsenga 叶森 🇦🇺 🇭🇰 🇹🇭 🇳🇱 @ricyet]

#AusCPI. Aus not much of an outlier. #CalmTheFarm

[Richard Yetsenga 叶森 🇦🇺 🇭🇰 🇹🇭 🇳🇱 @ricyet]

@dieworkwear Haha. Things haven’t changed that much.

[Richard Yetsenga 叶森 🇦🇺 🇭🇰 🇹🇭 🇳🇱 @ricyet]

@TheKouk Well, everyone is completely crap Kouk to be fair.

[Richard Yetsenga 叶森 🇦🇺 🇭🇰 🇹🇭 🇳🇱 @ricyet]

@ShaneOliverAMP Don’t call me Shirley.

[Richard Yetsenga 叶森 🇦🇺 🇭🇰 🇹🇭 🇳🇱 @ricyet]

In one chart why climate change mitigation policies are so difficult to sustain -- trying to keep oil for producers at circa USD70 a barrel to reduce supply but at circa USD140 a barrel for consumers to reduce demand.

[Josh Young @JoshYoung]

Reminder that oil prices are bimodal, and we are likely in "supply destruction pricing" territory currently:

[Richard Yetsenga 叶森 🇦🇺 🇭🇰 🇹🇭 🇳🇱 @ricyet]

This chart from @sharon_zollner for #NZ neatly summarises the tension in many societies. Consumers fearing the world but business hoping for the best.

[Richard Yetsenga 叶森 🇦🇺 🇭🇰 🇹🇭 🇳🇱 @ricyet]

One chart from today's national accounts that neatly summarises why we are in an easing cycle in #Australia

[ANZ_Research @ANZ_Research]

ANZ-Roy Morgan Australian Consumer Confidence is now available at https://t.co/gG6mljNSbr

[Richard Yetsenga 叶森 🇦🇺 🇭🇰 🇹🇭 🇳🇱 @ricyet]

- Regardless of how the next 90 days evolve, the US’s international reputation has been eroded. The US dollar’s valuation extremes against some currencies seem increasingly unjustified in the medium term.
Now, we monitor.
...

[Richard Yetsenga 叶森 🇦🇺 🇭🇰 🇹🇭 🇳🇱 @ricyet]

Blue Lens: post the Trump pivot
The global situation remains fluid (needless to say), but conditions have improved.
- The US administration’s pivot on tariffs isn’t a reversal, but it is good news.
...

[Richard Yetsenga 叶森 🇦🇺 🇭🇰 🇹🇭 🇳🇱 @ricyet]

- For the global economy, the good news is the bilateral China/US tariffs are a more garden-variety economic challenge, but it is a challenge nevertheless. We are therefore still likely to see stimulus from central banks, but emergency plans will be put back on the shelf.
...

[Richard Yetsenga 叶森 🇦🇺 🇭🇰 🇹🇭 🇳🇱 @ricyet]

This quote is quite relevant. If the tariffs are sustained, I would be very cautious about model outcomes.

[Adam Tooze @adam_tooze]

Is it madness or is it "Brexit-by-CBAM"? Locating Trumpian economics in policy space.
Another day, another effort to make sense of "manly tariffs". Chartbook newsletter #369 just dropped.
https://t.co/uOssCkbqMN