#Recession #DebtCollection #Bankruptcy Debt collectors are using Bankruptcy as a strategy to collect on outstanding debts. References
Categories
Debt Collectors Bankruptcy Strategy
Category: Economy
Categories
Australia’s Economic Dependence on China
#Australia #China #Economy Australia’s economic dependence on China is being discussed in the mainstream media. References Australia’s dependency on China https://www.news.com.au/finance/economy/australian-economy/figures-show-how-much-australias-economy-relies-on-china/news-story/7c7028cbcc999ffb279bdd0b49f04341
Categories
Queensland the Bankruptcy State
#Recession #Bankruptcy #Queensland Queensland has become the Bankruptcy leader in Australia. While at the same time 56% of all new jobs were created in the public sector. I would argue that these are not good signs for the economy. Reference The Courier Mail Friday 30 August 2019
Categories
Australia’s Declining Living Standards
#Recession #Australia #LivingStandards Australian living standards are declining in relation to other OECD counties. So now is naturally the time to take on a huge mortgage and buy a new home! References Australia managed to survive the global recession – but all that good work has been wasted https://www.theguardian.com/business/grogonomics/2019/aug/29/australia-managed-to-survive-the-global-recession-but-all-that-good-work-has-been-wasted
#Construction #Recession #Australia Australia’s Construction Industry has been contracting for the last 11 months. References About Ai Group https://www.aigroup.com.au/about/ https://cdn.aigroup.com.au/Economic_Indicators/PCI/2019/PCI_Jul_2019_93740d.pdf
#CashBan #Australia #ATO Small Businesses are being framed in a negative light to justify the cash ban and the path to negative interest rates. Naturally only by people who would not appreciate the challenges small businesses face. References IBM, Atlassian, Schneider avoided paying the Australian Taxation Office in 2016 https://www.crn.com.au/news/ibm-atlassian-schneider-avoided-paying-the-australian-taxation-office-in-2016-479382 Small business ‘tax gap’ costing […]
#Recession #Foodbank #Australia Australians in South Australia are resorting to using Foodbanks to ensure they can pay their power bills are mortgages. When will people realise that green virtual signalling and wind power is expensive and reducing the quality of life for Australians? References Banks are now referring people to Foodbank to help them pay […]
Categories
Virgin Australia Slashes 750 Jobs
#Virgin #JobCuts #Airlines Virgin Australia is cutting 750 jobs because of a significant loss due to fuel and foreign exchange costs. References https://www.abc.net.au/news/2019-08-28/virgin-to-chop-750-jobs-as-it-posts-349m-loss/11455840
#Research #R&D #Australia Australia’s Research and Development investment is stagnating and dropping on a global level. References https://www.brisbanetimes.com.au/politics/federal/not-a-good-sign-australia-s-r-and-d-investment-slips-against-developed-peers-20190826-p52kvd.html
#InterestRates #RBA #NegativeInterestRates Are low interest rates here to stay or simply part of the journey towards negative interest rates? References Record low interest rates are here to stay, and may even sink lower, economists predict https://www.abc.net.au/news/2019-08-27/interest-rates-predicted-to-stay-low-economists/11450918?section=business