Doom and gloom focus switches to GDP
Seekers of dark linings to silver clouds are in the process of switching horses ahead of Wednesday's National Accounts Stakes, jumping off National Income Recession and climbing aboard GDP Dive.
Michael Pascoe is a BusinessDay contributing editor. He comments on companies, markets and the economy.
Seekers of dark linings to silver clouds are in the process of switching horses ahead of Wednesday's National Accounts Stakes, jumping off National Income Recession and climbing aboard GDP Dive.
The Australian Securities and Investments Commission has been in the headlines lately, but so what?
Mike Baird's weakened position won't matter for the NSW economy right away, but it will down the track.
For all the publicity Peter Dutton has generated for the coalition's tough-on-refugees, suspicious-of-Islam image, he's only added a tenuous terrorism footnote to an old story.
Reserve Bank assistant governor Chris Kent missed a major opportunity this week. He delivered a speech about how the various states are travelling but totally omitted a key reason for the two out-performers doing so well.
It's not too late for the nation to realise its potential. By selecting the right projects, we can certainly afford it – if only we had politicians with the vision and discipline to lead.
Well that's one way to deal with the problem of bracket creep – don't have a wages increase.
Quite simply, the business case has not added up for the Arrium steelworks, even with bits and pieces of protectionism
Treasurer Scott Morrison and the Business Council of Australia have wasted no time in grabbing Donald Trump's election as a justification for cutting Australian corporate tax rates.
Would you trust Donald Trump with $US20 trillion ($26.6 trillion) of debt? How about lending him another $US7 trillion or so on top of that? You wouldn't be alone in thinking twice about the prospect.
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