Malcolm Maiden

Malcolm Maiden

Malcolm Maiden analyses and comments on business, the markets and the economy.

Malcolm Maiden

Downgrades are more a matter of readjustment than anything wrong

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Malcolm Maiden Moody's obviously didn't plan it, but it downgraded Australia's big four banks almost 25 years to the day after Paul Keating told John Laws that Australia was living beyond its means, and in danger...

Malcolm Maiden

New England stretch of NBN sure to entrench the project politically

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Malcolm Maiden The mainland launch of the national broadband network (NBN) in the New England city of Armidale yesterday by Prime Minister Julia Gillard and Communications Minister Stephen Conroy sets the scene for...

Malcolm Maiden

Opposition arguments against national broadband network may soon be academic

Malcolm Maiden The mainland launch of the national broadband network in Armidale yesterday by the Prime Minister, Julia Gillard, and Communications Minister, Stephen Conroy, sets the scene for announcements in the...

Malcolm Maiden

Aussie well liked in world community

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Malcolm Maiden The minutes of the Reserve Bank's May 3 meeting tell us nothing new about the next move in interest rates, but something interesting about who likes our dollar.

Malcolm Maiden

Reserve board notes vote of confidence in the dollar from a clutch of central banks

Malcolm Maiden

Malcolm Maiden The minutes of the Reserve Bank's May 3 meeting that were published yesterday tell us nothing new about the next move in interest rates, but something interesting about who likes our dollar.

Malcolm Maiden

China on a tested and rejected policy path

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Malcolm Maiden One of the curiosities of the resource boom is that the West sees it continuing as a result of economic policies it has tried and discarded, having decided they are worse than useless.

Malcolm Maiden

One weak month is no jobs crisis

Malcolm Maiden Currency traders drank too much coffee before yesterday's publication of job numbers for last month.

Malcolm Maiden

Jobless rate is largely unchanged - there are just fewer looking for work

Malcolm Maiden Currency traders drank too much coffee ahead of yesterday's release of job numbers for April.

Malcolm Maiden

April showers sunshine on retailers, but hard times are just around the corner

Malcolm Maiden The slight uplift in discretionary retail trading conditions that Myer's chief executive, Bernie Brookes, and his David Jones counterpart, Paul Zahra, say they have noticed in April is unlikely to...

Malcolm Maiden

Forces driving the dollar are still in place

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Malcolm Maiden A week ago as the Australian dollar pushed past $US1.09 on its way to a high of just over $US1.10, I told you there was not much on the horizon to undermine it.

Malcolm Maiden

NAB is taking the lion's share of the assets from its unilateral divorce

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Malcolm Maiden One of the takeaways from this week's profit reports from three of the big four banks is that divorce is suiting National Australia Bank.

Malcolm Maiden

Bank costs carefully monitored as financial crisis wake still washes over consumers

Malcolm Maiden

Malcolm Maiden If you are looking for evidence that Australia is becoming progressively more productive, check out the cost-to-income ratios the banks are publishing with their March half profit reports this week.

Malcolm Maiden

Leaner banks but the question is how far technology will drive cost savings

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Malcolm Maiden If you are looking for evidence that Australia is becoming progressively more productive, check the cost-to-income ratios the banks are publishing with their March-half profit reports.

Malcolm Maiden

State of debt easily managed

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Malcolm Maiden It's important to get the size of Victoria's debt problem into perspective to appreciate what Victorian Treasurer Kim Wells is doing, and not doing, with his first budget.

Malcolm Maiden

A nip and tuck all Victoria requires

Malcolm Maiden.

Malcolm Maiden It's important to get the size of Victoria's debt problem into perspective to appreciate what the Victorian Treasurer, Kim Wells, is doing, and not doing, with his first budget.

Malcolm Maiden

Next year is another story for rates

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Malcolm Maiden The Reserve Bank has provided only limited relief for companies being caned by the surging Australian dollar in its decision to leave its cash rate unchanged at 4.75 per cent.

Malcolm Maiden

Foster's digs a hole, then slowly climbs out

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Malcolm Maiden As Keynes observed, digging holes and filling them in isn't an entirely futile activity.

Malcolm Maiden

Wrong time to bet against Aussie's rise

Malcolm Maiden

Malcolm Maiden A speculative call gone wrong and a deteriorating US dollar have played a part in the Australian dollar's extraordinary ascent this year.

Malcolm Maiden

Missteps and weakness fuel $A's ascent

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Malcolm Maiden A speculative call gone wrong and a deteriorating US dollar play a part in the Australian dollar's extraordinary ascent this year, but there's real demand underpinning the rise.

Malcolm Maiden

Banking inquiry still has a few tough bones left to chew

Malcolm Maiden

Malcolm Maiden Our story that the Senate economics committee will steer clear of advocating heavy new regulation of the big four banks confirms that time has worked in the banks' favour.