Six earth-shaking hours
The US Fed’s ‘dot points’, supposedly predicting rate cuts, stirred up the markets bigtime. But they’re well known for their inability to forecast the future.
The US Fed’s ‘dot points’, supposedly predicting rate cuts, stirred up the markets bigtime. But they’re well known for their inability to forecast the future.
From destroying the electricity system to overseeing a growing migration crisis, Labor’s ministry of incompetents have proven to be way out of their depth.
All eyes will turn to Thursday’s potentially explosive unemployment numbers after the RBA’s ‘half pivot’ on Tuesday.
For the first time since the 1990s, the RBA is making an interest rate decision the day before the release of the ABS’ quarterly GDP figures.
Rate hikes are likely off the agenda for the time being. But don’t count on a cut any time soon.
The fallout from the decision to reject extra Qatar Airways flights into Australia is a searing pointer to the much broader and deeper dysfunction of the Albanese Labor Government.
It takes a particular combination of stupidity and deliberate malevolence to keep fuelling the flames of the housing and rental shortages with out-of-control, immigration.
Here’s the truth about Qantas and its former CEO Alan Joyce which should bury the unrestrained hysteria of the past week.
All the attacks on Alan Joyce are silly and ‘miss the mark’ by billions of dollars when he should really be getting applause for building and saving Qantas.
You’d be brave to suggest that Chinese billionaires, or even mere multi-millionaires, will be coming back to gamble in Australia’s casinos any time soon.
It’s tough working for the billionaire man. It might get even tougher with a future China.
The new Intergenerational Report will sink like a stone, like all its predecessors and no-one will ever look at it again, just like the Business Council’s ‘grand plan’, released on Monday.
Coming out of Covid, who’s been winning the great and seemingly eternal battle in the supermarket aisles. The latest profit reports from Coles and Woolworths provide an unambiguous answer.
BHP’s profit and its outlook tells us as much about Australia and its prospects as it does about the company – and the outlook for the next year and rest of the decade looks challenging.
Original URL: https://www.themercury.com.au/business/terry-mccrann/page/16