Inflation figures demand a rate cut
We really should get a rate cut next week based on the new inflation figures, which highlight the folly of the Melbourne Cup day hike.
Terry McCrann
Spending plunge screams recession
The collapse in retail spending proves Australia’s economy is teetering on the edge of a recession, and it’s time for the RBA to act.
McCrann: Cuts hit ‘rich’ on $190k plus
Don’t be fooled, the Albanese-Chalmers tax cuts for all Australians will actually mean a tax increase for five million taxpayers.
Treasury’s ‘disgraceful’ Stage 3 tax cuts role
Treasury was hopeless during the covid pandemic and its role in the so-called Stage 3 tax cuts redesign has been `utterly disgraceful’.
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Wall St embraces Goldilocks fairytale
The Dow Jones has surged 4 per cent in the past fortnight with Wall St believing the Fed has won the battle over inflation. But it might be too early to call it a fairytale ending.
ACCC goes rogue with ANZ/Suncorp decision dithering
The competition regulator has combined arrogant lawlessness with stunning incompetence in its dithering over ANZ’s attempt to takeover Suncorp bank.
Michele’s sentence: 7 years hard Labor
The prime task of the incoming governor of the Reserve Bank, Michele Bullock, is to get inflation down into the 2-3 per cent range and keep it there. It’s a highwire act.
It’s the ‘Big Build’, stupid
The Comm Games economic and reputational catastrophe shows Victoria urgently needs a comprehensive and independent audit of its infrastructure spending and financial position.
Oh dear! We’ll all pay for Victoria’s Comm Games disaster
Victoria reneging on the Commonwealth Games is utterly humiliating for Chairman Dan and now all Australians will be picking up their share of the state’s financial woes.
Chalmers channelled Costello with RBA pick
Anthony Albanese and Treasurer Jim Chalmers had every right to choose the next RBA governor – but they also carry the can for that choice.
Soap opera ends with right RBA choice
In the absence of extending Philip Lowe’s term, appointing Michele Bullock as the next RBA governor is the optimum outcome as it provides monetary policy continuity.
US inflation fall good news for everyone
With inflation cooling, the US may just have pulled off the much-desired economic ‘soft landing’ but it is a very different situation in Australia.
Original URL: https://www.couriermail.com.au/business/terry-mccrann/page/23