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.
Terry McCrann
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.
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Lowe makes February pivotal for rates
RBA Governor Philip Lowe has moved too little, too late. Now we play the waiting game to see what happens next.
SEC exposes lunacy of the windmills of Dan’s mind
The reborn State Electricity Commission has even less financial metrics than the NBN. There probably isn’t even a drinks coaster.
Fed head pivots but China and Russia still key
Sharemarket investors have welcomed a rate hike pivot by the US central bank but what happens in China and Russia-Ukraine are the real keys to how Australia exits 2023.
Austrac reveals its own monumental failure over casinos
Every failure Austrac has ‘identified’ in Star is an even more damning failure by the financial crimes regulator.
What failure? The RBA has had 30 years of success
If you look back over the past 30 years of the ‘modern’ RBA’ it has served the country very well and would require a damn good alternative to replace it.
RBA’s rate promise gifted borrowers billions of dollars
Thousands of Australian home-loan and business borrowers were gifted as much as $50bn thanks to the RBA’s ‘not before ‘24’ rate hike promise.
Hold on for a wild ride into 2023
The Australian and Wall St sharemarkets have bounced back over recent months but we won’t know until next year whether investors made the correct call about the economic outlook.
The great big lie of Daniel Andrews’ campaign
Daniel Andrews has no real intention of bringing back the SEC as we knew it but what he’s promising will plunge us into huge debt.
NZ Reserve Bank nails our RBA’s rates failure
RBA governor Philip Lowe doesn’t seem to realise that it’s entirely on his shoulders to head off a wages spiral by getting rates up faster than he’s been doing.
Why China and Russia are the keys to our future
What’s happening in and around Russia and China will really determine your financial and indeed broader wellbeing through 2023 and beyond.
Original URL: https://www.themercury.com.au/business/terry-mccrann/page/30