Why these two numbers are huge
Two big – and I mean, huge – numbers surfaced Thursday, US inflation and Australian employment figures.
Terry McCrann
McCrann: Budget just more crazily out-of-control spending
It’s another depressing return to an all-too familiar Labor Fiscal Future – high-taxes, big spending, budget deficits and rising debt set to exceed $1 trillion.
Why inflation trick won’t work
The idea that Reserve Bank governor Michele Bullock is going to rush out an interest rate cut because of the budget’s $300 energy rebate inflation trick is silly.
McCrann: Dodgy forecasts the only certainty on budget night
The one thing you can say with absolute certainty about every budget is that every forecast in it will be wrong — so take claims about controlling inflation with a pinch of salt.
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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.
Original URL: https://www.themercury.com.au/business/terry-mccrann/page/12