Heise Says
#NegativeInterestRate #IMF #Finance Attempts are being made to normalise the concept of negative interest rates without challenging some of the issues surrounding fractional reserve banking. References The Non-Weirdness of Negative Interest Rates https://www.bloomberg.com/news/articles/2019-08-08/the-non-weirdness-of-negative-interest-rates
#RBA #Economics #Australia Reserve Bank Governor Dr Philip Lowe Faced the Parliamentary Economics Committee in Canberra and was challenged on the recent rate cuts and the future of the Australian economy. The more I learn about Monetarism, the less confidence I have. References https://www.news.com.au/finance/economy/interest-rates/rba-accused-of-giving-up-on-stimulating-the-economy/news-story/f5f6ccf7ace28878b9c03404f9b89b82
#NewZealand #CashRate #RBNZ The Reserve Bank of New Zeland has slashed its cash rate beyond forecasts by 50 basis points. Let’s look at the statement of from the Bank and then get an overview of their economy. References https://tradingeconomics.com/new-zealand/interest-rate https://www.rbnz.govt.nz/
#APRA #BankBail-In #Bail-In Bank Bail-Ins is a drastic measure that seems to punish savers while absolving bankers of risky and foolish behaviour. Let’s look at what a bail-in is and the human cost from the Cyprus Experiment in 2013. Then ask yourself if you trust our leaders in Australia that are telling us not to […]
#NegativeInterestRates #Recession #Australia The prospect of Deeply Negative Interest Rates is becoming a reality with a highly cashless society. Let’s re-look at a recent IMF blog post about this issue to help raise awareness of every Monetarist dream. References Currency (Restrictions on the Use of Cash) Bill 2019 https://www.treasury.gov.au/consultation/c2019-t395788 SIT Black Money Report: Here are […]
#AusPOL #HouseofReps #CashLimit What better way to spend a Sunday night than to try and contact every member of the House of Representatives informing them of my concerns with the Draft Currency (Restrictions on the Use of Cash) Bill 2019. Watch and join in as well, let’s flood them with concern so they all pay […]
#RalanGroup #Employment #Recession It appears that the Ralan Group may have spent the deposits of people who purchased off the plan. References Most off-plan deposits for Ralan units ‘have been spent’ https://www.realestate.com.au/news/most-offplan-deposits-for-ralan-units-have-been-spent/
#Construction #Employment #Recession Economists are predicted that 100,000 construction jobs are set to be lost. This will certainly have an impact on the wider economy and our unemployment rate. References https://thenewdaily.com.au/money/finance-news/2019/07/30/building-approvals-decline-construction-jobs/
#Construction #Development #Recession Australian Developers are starting to crash and this will have ripple effects throughout the economy. Construction jobs are at risk and yet people are still suggesting we should rush off and buy off the plan? References Construction industry cracks showing as Ralan Group goes under https://www.abc.net.au/news/2019-08-01/construction-industry-cracks-showing-as-major-developer-falls/11374464
#Housing #RealEstate #Property The media is arguing that housing prices “have hit the floor” due to a 0.1% month on month increase in national prices. At the same time, the US has decreased interest rates, which will have an effect on our largest trading partner, a huge Sydney developer has gone bust and Australian’s are […]