Hike on hold as labour market teeters
The RBA’s next move appears all but certain, but the latest jobless data shows how keeping a lid on both inflation and layoffs remains a delicate balancing act.
Terry McCrann
Lucky country turns very stupid
The CFMEU crisis is the latest in a long line of Labor failings that has left ordinary Australians short-changed.
Rio’s messy dip into Guinea ore
Rio’s decision to build another iron ore mine in Guinea – to compete directly with its mines in the Pilbara – is shaping up as another risky move.
‘Rod the God’: Carnegie nation’s first modern CEO
Sir Roderick Carnegie came to the top job at mining group CRA exactly as Australia began to change so dramatically in the 1970s and he both rode and helped mould that change.
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Powell’s re-pivot a lesson for central bankers
Jerome Powell has shown why central bankers should get out of the business of interest rate forecasting, and focus more on ‘doing’ and less on ‘saying’.
Be afraid, be very afraid
Jim Chalmers’ speech on Wednesday revealed the sort of insane dystopian future that will be built if the treasurer and his colleagues aren’t stopped.
There is no way rates are moving – either way
There is no way that Reserve Bank governor Michele Bullock would lead her board to raise the official cash interest rate with the current abysmal levels of consumer spending.
The headache facing central banks
Central banks in the US and Australia have a fair bit to think about over Easter as they contemplate the question on everyone’s minds – will the rate cuts come?
Why rate override power must go
The one proposed change to the RBA that should be entirely uncontroversial is the ending of the government’s ability to overrule an interest rate decision.
Billionaire believes in real shops
Billionaire Solomon Lew is determined to show there is still life in retail and that much if not indeed most of that future life will still be in real actual bricks and mortar stores.
Treasurer goes to war with the RBA
The Labor Government’s push for a 4 per cent minimum wage increase has effectively set it against RBA governor Michele Bullock’s desire for a wage moderation and productivity increases.
Six earth-shaking hours
The US Fed’s ‘dot points’, supposedly predicting rate cuts, stirred up the markets bigtime. But they’re well known for their inability to forecast the future.
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