End of an era: McCrann’s snapshot of 46 years
It’s the end of an era as legendary business columnist Terry McCrann looks back at the past 46 years as he signs off on his last regular column.
Terry McCrann
Banducci leaves Woolies in top shape
Brad Banducci should feel pretty satisfied with the latest result at Woolies – his final mark on a stellar turnaround at Australia’s biggest supermarket group.
BHP profit all about China
BHP and its multi-billion profits are still all based on China. Today it’s iron ore tomorrow it will be copper.
Why Fed is too late with rate cuts
If the Fed had been doing its job it would have already cut rates but it’s now unlikely the US will get its ‘Goldilocks scenario’ and by October the economy won’t look great.
Chris’s EV ute dream is over
Chris Bowen’s EV pipe dream is quickly fading, and he’s curiously pointing the finger at his own government’s “poor policies”.
Forgotten Tanya plays green faves
Environment Minister Tanya Plibersek, has exquisitely exposed the government’s anti-Australian priorities with two decisions in two days.
Wall St searches for rate clue
The eyes of the world’s volatile financial markets will be on the Rocky Mountains resort of Jackson Hole on Friday. Here’s why.
Iron ore horror story
The plunge in iron ore prices may be good news for the world but not in Australia where sustained low prices will have a devastating impact on the economy.
More jobs, but more jobless
The jobs numbers project once again the exquisite failure of Australia’s population-led profitless economy.
CBA delivers again, for investors and customers
CBA continues to show its strength as one of the world’s most profitable banks, with shareholders and customers sharing the spoils.
Wages keep us on RBA path
Wages and productivity are the real pressures when it comes to which way the RBA breaks next.
JB’s clever E&S play
JB Hi Fi’s purchase of E&S will bring one of Australia’s great retail brands in head-to-head combat with bathroom and plumbing giant Reece for the first time.
Joyce gets a bum rap again
Former Qantas boss Alan Joyce has had his pay docked for some of his actions during Covid, but what about the politicians who caused far greater destruction?
Power rebate ‘gift’ keeps giving
Treasurer Jim Chalmers decided to fiddle down inflation with his $300 energy rebate, but problems are looming as price pressures persist.
Why didn’t the RBA hike?
If the RBA believed its own numbers it should have increased official interest rates. So what’s going on?
Shares rout should not sway RBA
With inflation still high Reserve Bank Governor Michele Bullock won’t cut interest rates despite suggestions our economy might be close to `snapping’.
Is Jerome wearing rose-coloured glasses?
The Federal Reserve has put a rate cut on the table, but can the US really manage a Goldilocks world of low rates and a strong low-inflation economy?
Only one option for RBA
Wednesday’s inflation data has left the RBA with some thinking to do ahead of next week’s meeting, but for me the decision is clear.
Rex is no Bonza: yet
Can Rex be saved? Or is going to follow Bonza onto the – pretty crowded – scrap heap of Australian aviation dreams?
The net zero bill: $US3 trillion every year
The true cost of getting to net zero has been revealed and we will have to cough up trillions of dollars every year.
What’s next for ‘Magnificent Seven’?
The ‘Magnificent Seven’ super-stocks have surged on the back of the AI frenzy, but what’s next for America’s tech giants?
How ‘free’ power is so expensive
Can Australia survive the Albanese Labor government’s minister for destroying our electricity system Chris Bowen?
Rio boasts, but what about the planet?
Rio Tinto has been talking up the 4 billion tonnes of iron ore it’s shipped to China, but has the miner forgotten about its commitment to saving the planet?
McCrann: Fed not Trump or Harris will drive our financial future
Our financial and economic future does not hang on who lands in the White House but rather by the decisions made by the Federal Reserve.
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.
Ecstasy could turn to agony for iron ore giants
Australia’s three resources giants generated $55bn in profit from digging up and shipping off iron ore, mostly to China, which is why the corporate ecstasy could turn to agony.
Jim’s absurd real wage claim
Treasurer Jim Chalmers’ claims about real wage increases show he needs some serious lessons in primary school arithmetic.
Why Bullock had a hike option
Did Reserve Bank Governor Michele Bullock really, seriously, contemplate leading her board to deliver a rate hike, at the RBA’s first meeting back for the year, two weeks ago?
ANZ win damns ACCC
The Australian Competition Tribunal’s approval of ANZ’s takeover of Suncorp proves the ACCC hasn’t a clue about the legislation it is charged with enforcing.
Stokes delivers a bidding masterclass
Billionaire Kerry Stokes and his son Ryan have delivered a masterclass in ‘patience and persistence’ in their mop-up bid for the remaining stake in construction materials company Boral.
What future is BHP facing?
BHP’s ‘future-facing’ ambitions have now been shredded, and dumped into the dustbin of history, thanks to brutal contemporary reality.
Big messages in CBA’s figures
The Commonwealth Bank result is the most comprehensive and most up-to-date microcosm of Australians and Australia overall.
Why tax, IR changes will hit middle Australia
The government’s tax and industrial relations changes are going to hit the group of Australians they are supposed to be directly helping. Here’s how.
JB Hi-Fi passes the vibe test
JB Hi-Fi reported a most uncharacteristic fall in sales and a quite thumping fall in profit; and investors promptly sent the share price rocketing to an all-time high.
The beast that’s Transurban
Love it or hate it, Transurban keeps Australia’s three largest cities moving, while its tidy business model continues to deliver for investors.
Bullock is in full command
Five months into the job and Michele Bullock is proving to be a formidable RBA governor who’s in complete control.
Why the lady ain’t turning
Wage increases for wharfies and construction workers have left the RBA feeling cautious about its next move as the threat of inflation lingers.
Treasury really to blame for broken tax cut promise
So now we get the truth, Treasury really was off on a frolic all of its own, in coming up with the Chalmers and Albo’s plan to break the Stage 3 tax cut promise.
Why the Fed will deliver on rate cuts
The Fed may have caught some by surprise with its cautious approach, but there’s only one way rates are heading in the US, and the RBA should follow its lead.
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.
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’.
PM the new bracket creep
Take a bow PM and Treasurer – ripping the heart out of Stage 3 tax cuts is the most clear-cut and outrageous of your growing list of broken election promises.
Future Fund’s $150bn success
The $212bn Future Fund is Australia’s greatest national financial asset and it must be protected at all costs.
Looming RBA meeting a test of ‘Chalmers Rules’
The looming meetings of the RBA and the Federal Reserve plus the latest inflation figures will set the foundations for the year ahead and also test Treasurer Jim Chalmers.
How 2023 scored gold, but rates won’t be our boon next year
It took until the last two months of the year, but the ‘Golden 2023’ for investors, that I suggested just on a year ago might be delivered by the Fed, did finally arrive.
Our golden age of coal
The world – led by China and India – is burning coal at record levels, while a wind and solar fantasy threatens to plunge Australia into darkness.
Bowen demands blackouts credit
We’re lurching towards an energy disaster, and Chris Bowen is captain of the ship.
ANZ foolishly doubles down
ANZ made a deliberate decision to mislead its shareholders and the market in 2015 and now its board, in its stupidity, wants to ‘own’ that decision.
Original URL: https://www.heraldsun.com.au/business/terry-mccrann