Is Jerome wearing rose-coloured glasses?
The Federal Reserve has put a rate cut on the table, but can the US really manage a Goldilocks world of low rates and a strong low-inflation economy?
Terry McCrann
Only one option for RBA
Wednesday’s inflation data has left the RBA with some thinking to do ahead of next week’s meeting, but for me the decision is clear.
Rex is no Bonza: yet
Can Rex be saved? Or is going to follow Bonza onto the – pretty crowded – scrap heap of Australian aviation dreams?
The net zero bill: $US3 trillion every year
The true cost of getting to net zero has been revealed and we will have to cough up trillions of dollars every year.
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Why these two numbers are huge
Two big – and I mean, huge – numbers surfaced Thursday, US inflation and Australian employment figures.
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.
Don’t spend Jim’s rate cut just yet
Watch out for all the spin in Tuesday’s federal budget. The future remains uncertain and Jim Chalmers won’t be `delivering it’.
Labor eyes election with Victorian largesse
Federal Labor will be spending it up big in Victoria with an eye to the next election.
Victoria’s disaster points to Australia’s
The Victorian state budget is an instructive – and ominous – pointer to the bigger one out of Canberra next week.
Jobs, inflation key to next rate move
Michele Bullock is keeping her cards close to her chest ahead of key inflation data which will decide the RBA’s next move.
Bonza reality check: Qantas-ACCC stoush ancient history
Bonza’s failure was a reality check for Qantas and it’s time to move on from its stoush with the ACCC.
Powell’s re-pivot a lesson for central bankers
Jerome Powell has shown why central bankers should get out of the business of interest rate forecasting, and focus more on ‘doing’ and less on ‘saying’.
Original URL: https://www.themercury.com.au/business/terry-mccrann/page/5