FTX is a familiar tale of stupidity and greed
The multi-billion dollar implosion of the FTX crypto empire was at its core like any other spectacular collapse over the decades.
Terry McCrann
RBA locks itself into 25bp rate hike in December
RBA governor Philip Lowe and his board have almost locked in a 25 basis point rate rise next month and will be hoping that the December quarter inflation data doesn’t surprise them.
Copper miner OZMin all but ‘on the market’
For Oz Minerals directors to tick off on a takeover offer, it really has to be very close to $30 at the bare minimum.
CBA way ahead of rivals in screwing depositors
The CBA’s latest trading update showed it really went to town at its depositors’ expense on the back of the RBA’s rate hikes this year and it’s not a bit shy admitting it.
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It’s decision time in a weird 2020
The idea that the coronavirus crisis is a choice between saving lives and saving the economy is false. Tough decisions can no longer be put off, writes Terry McCrann.
Frydenberg’s ‘dangerous’ budget proves fiscal restraint abandoned
Anthony Albanese’s team must have been burning the midnight oil – or running those Labor Party windmills at warp-speed – to find something that Frydenberg missed in the budget, because our treasurer sure spent money like there was no tomorrow.
Packer and Crown’s long-awaited divorce now inevitable
After an appearance at the NSW probity inquiry, it’s now finally clear James Packer and the Crown casino group’s relationship is locked into a journey that has only one destination — total and irreversible divorce, writes Terry McCrann.
Budget surpluses have gone forever
No government (or opposition) will ever again be able to claim they will deliver a surplus without the risk of being laughed into utter ridiculousness, writes Terry McCrann.
Mind-boggling budget betting big on vaccine
The unprecedented spending in the budget is both unavoidable and necessary. But it is building a debt mountain that will have to be climbed and is all based on the absolutely critical assumption that we get an effective vaccine, writes Terry McCrann.
RBA holds fire, heads for Cup Day
As predicted, the RBA has kept the official interest rate unchanged and is now very likely to deliver a ‘rate cut plus’ on Cup Day, writes Terry McCrann.
Federal budget’s major cash splash is a no-brainer
Federal government spending this year will be around 34 per cent of GDP. No previous treasurer has got remotely close to that before. But the big cash splash is a no-brainer for two reasons, writes Terry McCrann.
Treasurer’s October surprise set to pack a giant punch
The real surprise in Josh Frydenberg’s second budget on Tuesday will be that a treasurer who was only going to have surpluses will now own the biggest deficit — something north of $200 billion, writes Terry McCrann.
Two million Aussies still jobless as Victoria stays shut
Almost one in ten Australians remained jobless in September, despite most of the economy outside Victoria starting to open up. And while the data is trending downwards, one expert says it may actually be bad news for the country’s post-virus recovery.
Why the pathetic $1.5b handout is a joke
The Prime Minister’s $1.5b manufacturing plan is a pointless joke. We’ve already traded away our key global advantage — cheap coal-fired electricity, writes Terry McCrann.
Original URL: https://www.heraldsun.com.au/business/terry-mccrann/page/77