Two time bombs ticking away
There were two explosive time bombs ticking away in the detail of the GDP numbers, and they threaten to put the RBA in an impossible position.
Terry McCrann
It’s official – things are crook
The latest GDP figures paint a picture of an economy that is sick, seriously sick. And if you look deeper, the problems are even worse than they seem.
Smashing NBN success story
The NBN plan to quintuple broadband speeds is a further validation of the Abbott government’s ditching of Kevin Rudd’s all-fibre fantasy.
It’s time to smash social media
Facebook, Google and other ‘big tech’ must be made to operate in accordance with the same laws that every other company and Australian adult has to.
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‘Laughable’ reasons why ACCC banned $4.9bn deal
The competition watchdog decided it wanted to reject Anz’s takeover of Suncorp bank from the start and has spent six months trying to find reasons to back its decision.
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.
Original URL: https://www.themercury.com.au/business/terry-mccrann/page/18