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.
Victoria Business
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.
Jim’s Mowing staff stop work after Premier’s stern words
The owner of Jim’s Mowing has lashed out at Premier Daniel Andrews after being forced to tell his employees and franchisees they must stop work under stage four restrictions.
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.
Can NSW save us all from Victoria?
Australia will get a positive GDP growth number for the September quarter, but the size is dependent on NSW not heading down Victoria’s path of recession, writes Terry McCrann.
Why buyer sees bags of potential in Tigerlily
Aussie bag maker Crumpler is the new owner of Tigerlily. Here is what its chief says went wrong with the famous swimwear brand.
Dan Andrews’ ban on drug Trump Derangement Syndrome
Dan Andrews’ ban on hydroxychloroquine is nonsensical and reeks of anti-Trump behaviour, writes Terry McCrann.
Why there’s no such thing as ‘good’ inflation
Most economists in their mindlessness see negative inflation – falling prices – as a bad thing. But the last thing jobless workers and battered businesses need right now are price rises, writes Terry McCrann.
How better support can keep small businesses afloat
The past week has brought new federal and state government support for small business. What do the experts think about what is on offer, and what else needs to happen to help small businesses recover from the coronavirus crisis?
Victoria’s disaster could become a national one
Victoria’s handling of the coronavirus pandemic is bordering on criminally negligent and the economic impact has started flowing across the border into the other states, writes Terry McCrann.
RBA buries free money cargo cult
RBA governor Philip Lowe is providing a foundation of stability in this time of plague, volatility and monumental, confusing and continually changing uncertainty, writes Terry McCrann.
The ‘good’ deficits we had to have
They are the “good” deficits we had to have, and if we can get the economy — and our lives generally — back to some sort of normality, they’ll be much smaller in the years to come, writes Terry McCrann.
Victoria the key to country’s financial journey
Victoria has now the pivot for what happens with the virus, meaning the key to what happens with the national economy and all states and federal budgets depends on our state, writes Terry McCrann.
Is this a calm before another financial storm?
The world economy isn’t heading back to the depths of recession. But what happens on Wall Street and in Washington has as much bearing on Australia as any second virus wave outside of Victoria, writes Terry McCrann.
Who is really getting screwed in COVID-19 economy
Fact is, every generation must play the financial hand they’re dealt, and as a result of coronavirus one generation just got handed the Joker. But there are ways they can still fight their way up the money ladder, writes Barefoot Investor.
Who will snap up Seafolly?
Seafolly went into voluntary administration in June, but investors have been lining up to buy the iconic swimwear brand. This is where the sale is at.
What lockdown will cost Victorian economy
Melbourne’s six-week lockdown will deliver the state economy a devastating blow not seen since the Pyramid Building Society collapse in 1990.
Shocking number of Aussies to be out of work by Christmas
One in ten Australians will be out of work by Christmas, with the federal government’s budget update also revealing the nation’s credit card bill is now worth more than $30,000 for every man, woman and child.
$7.5b deficit as pandemic devastates Vic economy
Victoria’s economy will be limited by coronavirus until Christmas as revised figures reveal the multi-billion dollar cost of the pandemic. But there is a glimmer of hope.
Original URL: https://www.couriermail.com.au/business/victoria-business/page/77