How 2023 scored gold, but rates won’t be our boon next year
It took until the last two months of the year, but the ‘Golden 2023’ for investors, that I suggested just on a year ago might be delivered by the Fed, did finally arrive.
Terry McCrann
Our golden age of coal
The world – led by China and India – is burning coal at record levels, while a wind and solar fantasy threatens to plunge Australia into darkness.
Bowen demands blackouts credit
We’re lurching towards an energy disaster, and Chris Bowen is captain of the ship.
ANZ foolishly doubles down
ANZ made a deliberate decision to mislead its shareholders and the market in 2015 and now its board, in its stupidity, wants to ‘own’ that decision.
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Chairman Dan is one gassy piece of work
Dan Andrews shows breathtaking hypocrisy by refusing to allow gas to be developed in Victoria but demanding that it be diverted from Queensland exports, writes Terry McCrann.
Regulator APRA’s always ‘woke’ but seldom awake
What APRA should be doing in the wake of the SVB collapse is demand more aggressive and timely disclosure by banks to treasuries, not tech start-ups.
It’s critical to look beyond April’s rate pause
The RBA minutes all but promise rates will be kept on hold in April and what happens after that will depend on crucial inflation data and global financial markets.
Rate pauses certain in wake of Credit Suisse bailout
The RBA was heading for a rate pause before the recent global banking turmoil kicked off but the bailout of Credit Suisse has made that all-but a certainty.
No, the Swiss bank is not 2023’s Lehman
A mighty global implosion might still be lurking out there but as of right now, we were not seeing ‘another Lehman’, writes Terry McCrann.
Investors get the ‘good news two-fer’
In a sign of good news for investors, the SVB collapse has been effectively neutralised and a ‘Goldilocks’ US inflation number is pointing to a Fed rate pause next week.
We’ve all seen this disaster movie before
Despite all the lessons from the past 40 years, this year will roll out to the same script we’ve seen with every other financial implosion before, writes Terry McCrann.
First the SVB collapse, now the wait for US inflation
A high US inflation number could combine with the SVB disaster to create a week of volatility and uncertainty on global markets.
Is this the last rate hike? Wages hold the key
Philip Lowe will have gone from “zero” to “hero” if Tuesday’s rate hike is the last in the current cycle and it might just extend his term as RBA governor.
After 10 hikes rate pause coming in April
RBA governor Philip Lowe has all-but announced he won’t raise the official cash rate next month and a hike in May will all depend on whether inflation falls in the March quarter.
Original URL: https://www.themercury.com.au/business/terry-mccrann/page/25