Whoops! Experts way off with their economic forecasts
Beware of experts and their way-off predictions. Australia’s property prices have not been devastated in 2022 and the sharemarket is down just under four per cent.
Terry McCrann
Rudd and Wong: The earth is moving
PM Anthony Albanese has put the ‘old team’ back together with Penny Wong in Beijing and Kevin Rudd heading for Washington.
Lowe faces February rate hike uncertainty
Right now RBA governor Philip Lowe will be hoping that his choice at the next board meeting in February is between either no change or a 25 basis point rate hike. But it could be higher.
Future Fund flags rocky road ahead for investors
The boss of the Future Fund has given investors a glimpse into the future and the road ahead could be a rocky, rough and potentially painful one.
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The budget trick that’s fooling no one
Never before will a mid-year budget and economic update be as completely irrelevant, meaningless and just plain wrong.
On a flight path to a boom Xmas
We are quite literally flying to a very big finish to the year, writes Terry McCrann.
It’s time we made our China play
We need to send a subtle message to China. Luckily, we have an ideal way to do just that, says Terry McCrann.
Media code is a win-win result for all
New code is about deals in the shared best interests of media and the digital giants, not rigid rules and busybody regulators, says Terry McCrann.
Now only one AAA borrower – but so what?
In a world gone mad, as far as the old rules of fiscal prudence and investment are concerned, these downgrades matter not a jot.
Why Victoria’s lower credit rating is no big deal
If there was ever a good time to lose a AAA credit rating it’s now, writes Terry McCrann.
Future of economy’s stimulus depends on a vaccine
If a COVID vaccine does come quickly, pervasively and effectively, it will act like a massive multi-trillion dollar global stimulus to the world’s economy.
Iron ore is nation’s A-bomb in trade war
Australia has just one weapon in its armoury in any trade war with China – but any use of it should be measured and limited and clever.
Dan the villain is now nation’s hero
Victoria is now supercharging growth for the whole country as the state has emerged progressively from “Chairman Dan’s” near total lockdown.
Why Westpac needs to take same memo as CBA
Westpac getting pinged by prudential regulator APRA was much more than an embarrassment — given it could cost both the bank and its shareholders real money.
Original URL: https://www.heraldsun.com.au/business/terry-mccrann/page/72