Alan Kohler is one of Australia’s most experienced commentators and journalists. Alan is the founder of Eureka Report, Australia’s most successful investment newsletter, and Business Spectator, a 24-hour free business news and commentary website. He also hosts Inside Business, a half-hour Sunday programme on the ABC, is the finance presenter on the ABC News - and producer of the nightly graph (or two).
In today's speech to Parliament, Reserve Bank governor Glenn Stevens appeared sanguine about the economy's present state, despite stepping back from dollar jawboning, but hinted at greater challenges in the medium and longer term.
There is a lot of excitement about batteries, but they're absent from the forecasts by establishment experts like the IEA who think the grid can absorb lots of wind and solar with cheaper options. Yet they may be missing something rather important.