Fed reality check cruels RBA share rally
Federal Reserve chair Jerome Powell is doling out tough medicine – something we sorely need from our own Reserve Bank.
Terry McCrann
First the Reserve Bank, now comes the Fed
The two will combine to set the investment dynamics deep into 2023 for Australian investors across the spectrum from property to the share market.
The RBA’s big fail spells big pain ahead
The key takeout from the decision to do 25 points and not the minimum 50 points required is that the RBA has also locked itself into doing no more than 25 points in December.
Reserve Bank must deliver two 50-pointers
The Reserve Bank must lift its official interest rate by 50 points at its Cup Day meeting and do the same again at its last meeting for the year in December.
More Stories
How a ‘coal-free’ UK has returned to coal
Back in June, Britain was the poster child for the “coal-free” power generation. But, the brave new UK coal-free future lasted less than a week, writes Terry McCrann.
The power stations we must have
Our denial of coal as the first-best solution to Australia’s energy troubles is madness, when it provides cheap, reliable and plentiful electricity, writes Terry McCrann.
PM’s power station plan all hot air
There’s a whole raft of reasons Scott Morrison’s ‘commitment’ to a new major gas-fired power station is laughable, writes Terry McCrann.
Don’t cry for the sacked $30m CEO
No one will shed a tear over the sacking of the Rio chief who presided over the blowing up of an Indigenous heritage site and the chair should go too, writes Terry McCrann.
Dan’s Band-Aids can’t stem blood flow
The government’s $3 billion so-called “Business Survival and Adaptation Package” was the absolute bare minimum that could be done to keep alive the businesses and jobs our incompetent Premier has destroyed. To call it a Band-Aid solution would be generous, writes Terry McCrann.
Why new bank cards will see you pay more, not less
Two years on from the royal commission it seems the banks have learnt nothing with the release of their latest ‘innovation’ in credit cards. Despite promises of no interest and no annual fees, here’s why you shouldn’t be fooled, writes Terry McCrann.
Nothing can heal rift between Lew and Myer CEO
The bromance between Myer’s biggest shareholder Solomon Lew and its imported CEO, John King, is well and truly over, writes Terry McCrann.
The catastrophe of Dan Andrews for the nation
Daniel Andrews’ handling of the coronavirus pandemic is not just a literally existential problem for 6.5 million Victorians — it is a very serious problem for the entire nation, writes Terry McCrann.
McCrann: Who should replace incompetent Andrews in top job
Removing Daniel Andrews as Victorian Premier is about holding to account a leader who has presided over the worst public policy catastrophe in modern Australian history. And it’s crucial we choose the right replacement, writes Terry McCrann.
Why Virgin’s deal has run into trouble
The relaunch of Virgin 2.0 is built on halving the size of the fleet and basically giving the leased aircraft and parts back to their investor-owners. But this will come at a significant cost, writes Terry McCrann.
Original URL: https://www.dailytelegraph.com.au/business/terry-mccrann/page/79