Lots of mea culpas this morning from business economists and media pundits who got the Reserve Bank rate decision horribly wrong yesterday, write Glenn Dyer and Bernard Keane.
Glenn Stevens
Crikey Says: Media’s bank-bashing ritual? Bah, humbug
Whatever would we do without a round of bank bashing stories this time of year, when all other news content is reduced to How to Baste Your Turkey and Top Ten Top Tens of 2011…
Crikey Says: Crikey says: a very long month in the global economy …
If a week is a long time in politics, then a month in economics is an eternity.
Political snippets: The magic 2.5% in Swan’s Fiscal Outlook
When in doubt just wave the magic wand and declare across the board savings of whatever amount you need to make a promise sound plausible.
RBA pay: why Glenn Stevens is not Elizabeth Taylor
The RBA’s decision to jack up the pay of its most senior management by 30% during the 2008/09 financial year, the nadir of the global financial crisis, might have been impolitic, says Adam Creighton.
Gloom? Consumers are saving, but they are spending too
Some of the country’s leading economists and business analysts can’t see a boom for the gloom that they are preaching and writing about.
Glenn Stevens: the man from another planet
The Opposition have been saying for months that the Labor government is leading us towards economic ruin. Glenn Stevens disagrees. Perhaps he’s from a different planet, says Richard Farmer.
Political snippets: A favourable verdict from the RBA Gov
The Reserve Bank Governor Glenn Stevens clearly comes from a different planet than Tony Abbott and Joe Hockey.
Bartholomeusz: RBA holds, but not for long
Another Reserve Bank board meeting yesterday and another month in which official rates remain unchanged. The next rate rise, however, now definitely appears to be on the RBA’s horizon.
Gottliebsen: why Stevens is wary on China
Reserve Bank governor Glenn Stevens has taken an important step in alerting the world to the major changes looming in global finance, writes Robert Gottliebsen, of Business Spectator.
RBA chief: save to cut borrowings and debt
Reserve Bank governor Glenn Stevens has all but told the country’s politicians and businesses groups to stop bickering about flood levies, taxes and other minor issues and start focusing on how the economy can ride out the resources boom without too much long-term damage.
Sovereign wealth fund … at least give it some thought please
The story in the Fairfax broadsheets today about how big business wants a sovereign wealth fund to save our windfall from the resources boom again was a horribly lopsided article.
Yes, floods and Yasi will push up the price of some foods
Sometimes you wonder if some journalists read very much, especially the speeches and reports issued by the Reserve Bank.
Swan’s mousey bank plan the nastiest extension of taxpayer support
The whole argument over banks is a charade confected in Canberra by Joe Hockey, Tony Abbott and the gutless Gillard government, along with the cynical, scheming Greens.
Bartholomeusz: the risks in Swan’s reforms
Glenn Stevens has helped the cause of those who think Wayne Swan’s banking “reforms” are a response to a problem that has yet to be demonstrated.
RBA chief makes it hard to read the interest rate tea leaves
it’s safe to say there are a lot of folk in financial markets (and politics) who will be quietly humming The Who’s Won’t Get Fooled Again, if they know it, ahead of a speech Monday morning by Reserve Bank governor Glenn Stevens.
And then there were three waiting in the wings…
Call it the MIT Mafia, but there are now three senior officials at the Reserve Bank, including two leading candidates for the governorship, who all obtained their PhDs at the MIT (Massachusetts Institute of Technology) in the US.
‘Rate rise looms’ mob should expect the unexpected from the RBA
One of the oddities of reporting on what the Reserve Bank and its senior officials say each month is that each utterance is treated as “new” news when in fact they are quite often part of a continuing narrative.
RBA keeps interest rates steady
The Reserve Bank of Australia has kept official interest rate remains unchanged at 4.5, citing benign inflation readings and global uncertainty, writes Patrick Stafford.
The Coalition is fundamentally at odds with the RBA
The Coalition’s economic policy is fundamentally at odds with the views of the Reserve Bank. If it was Labor, we’d never hear the end of it.
Business As Usual: Ireland emerges from recession … US housing sector is cactus …
A growing economy has led Ireland out of recession, the housing market in the US is still in a bad way and the Slovakia government is a new worry for Europe.
Business As Usual: RBA — as you were … Share market fall here the worst May result for 26 years …
It’s a case of wait and see for the Reserve Bank, a rate rise is, however, on the cards in Canada, the share market fall here was the worst May result for 26 years, and other business news.
RBA rate hat trick spells pain for retailers
The Reserve Bank has lifted its key interest rate by 0.25% to 4.5% and warned that it will now target maintaining inflation at its target rate of 2% to 3% “over time.”
