Why summit failed big and small time
The Prime Minister’s ‘light-bulb moment in May’ summit was a big and even impressive success and an utter and what should have been an embarrassing failure.
Terry McCrann
RBA will lead dance on rates but Fed calls tune
Two huge days are coming up for investors this month, with the RBA’s latest decision on rates on Tuesday, followed by the US Federal Reserve a fortnight later.
Can Albo’s fix survive the meltdown?
Even if some successes come out of the jobs summit, we will still need to get through the rush of turmoil heading our way, demonstrated by Thursday’s $47bn market plunge.
Albo’s jobs summit tries to square wages circle
After the PM’s job summit, the government will have to turn all the talk into policy and bureaucratic delivery, which will involve making highly unpalatable choices.
More Stories
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.
JobKeeper is right, JobSeeker too harsh
The government has made changes to both the JobKeeper and JobSeeker payments. It got one just right, but missed the mark on the other, writes Terry McCrann.
Why cutting business tax makes zero sense
Any thoughts of so-called ‘tax reform’ – which adds up to increasing taxes on individuals to ‘fund’ tax cuts to business – are way, way out there in fantasy land, writes Terry McCrann.
SME loan scheme fails the reality test
The federal government has expanded its loan guarantee scheme for SMEs but don’t expect a rush of applications, writes Terry McCrann.
Real court does the right thing to keep Virgin alive
The Federal Court has dealt with Virgin bondholders in a process that was swift and clean, sensible, decisive, effective and exactly correct, writes Terry McCrann.
The budget deficit we have to have
On Thursday Treasurer Josh Frydenberg will tell us the huge budget deficits we now face, while simultaneously forecasting that the economy will bounce back strongly this fiscal year. But all forecasts hang on whether the virus subsides, writes Terry McCrann.
Labor leader backing coal mine a bizarre state of affairs
You know times are strange when Labor’s Anthony Albanese is going into bat for extending a coal mine and the Coalition is largely silent, writes Terry McCrann.
Original URL: https://www.dailytelegraph.com.au/business/terry-mccrann/page/83