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Comment & Analysis

Scott Morrison's Monty Python moment

Treasurer Scott Morrison is still talking a big game.

It's a dangerous thing to talk a big game before taking the field. Treasurer Scott Morrison did that pre-departure for the weekend G20 finance ministers meeting in Germany. He's been left trying to claim a big loss was actually a win. Monty Python's dismembered Black Knight comes to mind.

Someone has to give if we're to fix the budget

ATM withdrawals have fallen to their lowest levels in 15 years

The nation's budget problem still won't be solved when, one day in the distant future, we get the federal budget back into surplus. Only a change in strategy is likely to produce a sustained solution.

How the two-speed economy worm has turned

Illustration: Glen Le Lievre

If you learn nothing else about the economy, remember that it moves not in straight lines but in cycles of good times followed by bad times, and bad times followed by good.

A few bad apples? It's a dodgy adviser orchard

This clearly isn't a few bad apples but an orchard.

A report into the financial planning arms of the big four banks and AMP found 185 planners were "dishonest, illegal, deceptive and/or fraudulent" in their dealings with customers.

NAB sailing the RBA winds to profit

NAB chief executive Andrew Thorburn: Hats off for smart PR by throwing in a "special" for first-home buyers.

If the Reserve Bank and National Australia Bank were competitors, the consumer watchdog could have a case against them for price signalling.

'Ridiculous' – CBA's Yes Minister moment

Committee deputy chairman Matt Thistlethwaite puts a question to Ian Narev, Commonwealth Bank of Australia chief executive.

“It reminds me of Jim Hacker in Yes Minister visiting St Edwards, a hospital that had no patients,” an incredulous shadow minister for treasury Matt Thistlethwaite told the CBA boss Ian Narev after grilling him about an “independent” report into its life insurance division.

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