RBA and Covid panic pump up bank profits
Since 2020 all the banks have produced ‘sparkling’ results when in fact rising profits have had nothing to do with their management brilliance or even competence.
Terry McCrann
Beware the economic experts finally waking up
The RBA will play it month to month with its interest rate decisions and any economic expert making predictions out to the end of the year is beyond silly.
It’s good news, the RBA finally wakes up
The RBA should have lifted rates late last year but it’s good news it has finally started to do its job now, even though the hike could have been bigger.
Here’s an idea: Let’s do both first home buyer schemes
There’s a place for both the Coalition and Labor’s schemes to help first home buyers as they are complementary and both are much better than the traditional cash handouts.
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Why it’s time to talk about super
Many Australians have cut their superannuation balance down to zero and will essentially never get anywhere near a balance sufficient to replace the pension. Now the Prime Minister is hinting at stopping contributions at 9.5 per cent, so it’s time for us to have a real discussion about our super system, writes Terry McCrann.
Why Victoria’s virus modelling is disastrous
The Victorian government said the state was heading for 20,000 new coronavirus cases a day — far more than than the peak of 1100 forecast in other modelling. So who to believe, asks Terry McCrann.
Why we shouldn’t trust Australia’s jobless figures
ABS data says the jobless rate was just 7.5 per cent in the first two weeks of July; Roy Morgan’s figure was 12.5 per cent through July. But the real figure was actually closer to 16.5 per cent, writes Terry McCrann.
Why CBA might just be the world’s most profitable bank
Right now Australia’s Commonwealth Bank is quite probably the most profitable big bank in the entire world. Terry McCrann explains why.
WA Inc aims to steal $28bn from Palmer
Queensland billionaire Clive Palmer has sued the WA Government for a purported $28bn. In an outrageous abuse of power, its response is to legislate to prohibit him from winning, writes Terry McCrann.
Victoria’s lockdown 3.0 to dig nation deeper into recession
Treasury forecasts Victoria’s Lockdown 3.0 will on its own drag Australia’s economy deeper into recession through the September quarter, writes Terry McCrann.
Virgin will burn $5bn to fly into 2021
The little matter of some $6.8bn of debt that gets ‘vanished’ is a rather important item that was missing from the outline of the fantastic Virgin 2.0 and its glorious future that will emerge from the ashes of Virgin 1.0, writes Terry McCrann.
RBA delivers the certainty we need
The Reserve Bank is providing the foundation of stability that is so crucial at this time of plague, economic devastation and just general fear and uncertainty, writes Terry McCrann.
Original URL: https://www.couriermail.com.au/business/terry-mccrann/page/102