Budget’s $200bn, two-year windfall
Treasurer Jim Chalmers has ridden an extraordinary, unprecedented and also totally unpredicted $200bn two-year revenue surge.
Terry McCrann
Why US rate cuts are more likely
Even though our Cup Day rate hike was a mistake, the US is likely to beat us to the next move – which will be down.
The huge hole in our new immigration plan
Infrastructure Australia has exposed the huge hole in the government’s immigration plan, which puts the interests of most Australians last.
The Ponzi stays in place
How can anyone trust anything this government and these two ministers in particular say – far less, actually do – about immigration?
Little to cheer about as economy slides towards recession
Whether it’s attacks on miners or destruction of the energy system, the government is doing its best to destroy the economy, just in time for Christmas.
GDP slump shows Cup Day hike was catastrophic mistake
Did Treasurer Jim Chalmers make the catastrophic mistake of ‘forcing’ new Reserve Bank governor Michele Bullock to hike interest rates on Melbourne Cup Day?
Early Christmas present from the RBA governor, but what’s next?
The RBA governor decided quite rightly not to be The Grinch this Christmas. But what’s in store on the interest rate front for next year?
Australia to AusSuper: thanks
AustralianSuper did the nation a service in blocking the takeover of Origin Energy, which its suitors were looking to pick up for a bargain – to the detriment of us all.
Abandoning tax cuts would hit most Aussie workers
Those calling for stage three tax cuts to be abandoned are really calling for big tax increases on you.
Time to hold fire on rates as shoppers feel the pinch
Michele Bullock has made her point about reining in inflation, but a slump in retail spending should kill off any thoughts of another rate hike next week.
Will Albanese drive BHP away?
BHP can invest anywhere in the world. The Albanese government’s ‘same job, same pay’ industrial relations reforms risk driving that investment offshore.
Bullock gets her deputy at last
Finally the RBA governor Michele Bullock has a deputy governor by her side. Now for the ‘Clayton’s’ overhaul of the organisation.
Billions being blown on energy insanity
The federal government is going all-in on energy insanity, and it’s us, the taxpayers, who are going to pay.
Winning bet: Packer’s $5bn Crown coup
By selling Crown at exactly the right time and at a spectacularly high price, James Packer has ‘made’ at least $5bn and possibly as much as $7bn.
New RBA governor goes hawkish
Has Treasurer Jim Chalmers actually got himself – and the rest of us – a more hawkish Reserve Bank governor in Michele Bullock than her predecessor Philip Lowe?
Optus debacle: why the CEO had to go
The Optus chief executive had to go. But not for the reasons you probably think.
Jobs, wages data good news for borrowers
Borrowers can breathe a sigh of relief, with the latest wages and jobs data all but ruling out another interest rate hike this year.
Good news for the US, great news for us
There are simply no downsides for us from the US reporting lower inflation figures. That doesn’t mean that catastrophe is not looming though.
Why we are heading for rocky times ahead
Poor policy on a number of fronts means there are dark economic times ahead, and the hoped-for surge from increased immigration is not working.
Big four made $49bn in total – and paid a stack of tax
The four big banks made a big headline figure of $49bn in profit – but don’t forget the $13bn in tax paid and $42bn they injected into the economy.
How the RBA delivered big banks billions
The RBA has delivered the big banks an unparalleled golden period, the likes of which we have never seen before, and which we should hope to never see again.
How did the RBA board vote on Tuesday? Was it 8-0?
Next year we’ll be told how the votes have flowed for and against interest rate rises at the RBA, which will pose a challenge for the governor.
Bullock draws big lines
This interest rate rise was a surprise to many – but it indicates that Michele Bullock and this board are answerable only to what they see as their one job – to control inflation.
Hysteria over RBA rates decision builds to Cup Day peak
Everyone needs to take a chill pill about the prospect of a Cup Day rate hike. It’s not as significant as ‘they’ are saying, for the economy or for the new RBA governor.
How Star shareholders torched $400m in six weeks
Failing to back Star’s recent capital raise has turned out to be a winning strategy for the retail shareholders who passed on the ‘opportunity’.
Super: why bigger is best
Ah, the eternal inanity of the spotlessly empty mind. Step forward assistant treasurer Stephen Jones.
Don’t blame RBA if rates go up next year
If interest rates end up going up in 2024, don’t blame new RBA governor Michele Bullock and her semi-new board, blame the ‘team’ in Canberra.
Place your bets: Cup day next stop for rates
If September quarter inflation prints at 1.5 per cent or higher, a rate hike would very definitely be on the table on Melbourne Cup day in November.
Climate change is boiling brains
The head of the UN should be laughed out of office for going straight from ‘global warming’ to ‘global boiling’, without even pausing to pass ‘global heating’.
Banks must beware of going ‘woke’
Australian bankers must not follow in the footsteps of one of their ‘woke’ UK counterparts who was ousted this week after leaking details about high profile client Nigel Farage.
No rate rise after surprise good inflation numbers
Outgoing RBA governor Philip Lowe should be chuffed at the latest lower-than-expected inflation numbers which mean there’s no chance of a rate hike next month.
Wall St embraces Goldilocks fairytale
The Dow Jones has surged 4 per cent in the past fortnight with Wall St believing the Fed has won the battle over inflation. But it might be too early to call it a fairytale ending.
ACCC goes rogue with ANZ/Suncorp decision dithering
The competition regulator has combined arrogant lawlessness with stunning incompetence in its dithering over ANZ’s attempt to takeover Suncorp bank.
Michele’s sentence: 7 years hard Labor
The prime task of the incoming governor of the Reserve Bank, Michele Bullock, is to get inflation down into the 2-3 per cent range and keep it there. It’s a highwire act.
It’s the ‘Big Build’, stupid
The Comm Games economic and reputational catastrophe shows Victoria urgently needs a comprehensive and independent audit of its infrastructure spending and financial position.
Oh dear! We’ll all pay for Victoria’s Comm Games disaster
Victoria reneging on the Commonwealth Games is utterly humiliating for Chairman Dan and now all Australians will be picking up their share of the state’s financial woes.
Chalmers channelled Costello with RBA pick
Anthony Albanese and Treasurer Jim Chalmers had every right to choose the next RBA governor – but they also carry the can for that choice.
Soap opera ends with right RBA choice
In the absence of extending Philip Lowe’s term, appointing Michele Bullock as the next RBA governor is the optimum outcome as it provides monetary policy continuity.
US inflation fall good news for everyone
With inflation cooling, the US may just have pulled off the much-desired economic ‘soft landing’ but it is a very different situation in Australia.
C’mon Jim, end the RBA charade now
Treasurer Jim Chalmers has made an extended soap opera out of the appointment of the next RBA governor which has been grossly disrespectful to Philip Lowe.
How Austrac’s utter failure reaped it billions
Money laundering regulator Austrac has been able to turn utter incompetence and breathtaking failure into a multibillion-dollar penalty franchise.
Goodbye Lowe: New RBA governor within days
The PM and Treasurer will announce the next RBA governor this week and I can confidently share it won’t be Philip Lowe nor our current ‘minister for energy idiocy’.
How inflation could change the future
For many years we got to have our cake and eat it too but maybe we have entered a new reality with sustained 4-5 per cent inflation and an RBA cash rate around 4 per cent.
Two women in running for RBA’s top job
Treasurer Jim Chalmers has made no public statement that he will replace Philip Lowe as RBA governor but privately six names have been tossed around about who could fill his shoes.
One pause does not end rate hikes
June quarter inflation data and the appointment of RBA governor Philip Lowe’s successor are the keys to Australia’s interest rate future.
RBA likely to press pause as Lowe’s reign nears the end
For the third month in a row the Reserve Bank board will again be asked to choose between hiking by 25 points or pausing.
We should all be afraid if Lowe’s RBA term not extended
Who do you really want running the RBA, making tough interest rate decisions – an independent governor and board or a treasurer focused on the ‘soft option’?
Telstra/TPG knockback leaves mobile mess
Anything that makes Telstra stronger has to hurt its competitors and competition – that’s essentially the logic behind blocking its deal with TPG. But the decision has left a mess.
Significant RBA shift revealed
The RBA’s June policy meeting minutes have revealed an important shift in the way Governor Phil Lowe and his board operate their interest rate decision making process.
The real truth about RBA rate rises
In reality only a very small proportion of home loan borrowers have had their cash flow and savings devastated by RBA rate rises.
Original URL: https://www.ntnews.com.au/business/terry-mccrann/page/3