Category: Economy

Australia’s Unemployment Rate hits 9.2%

Post author By Heise Says
Post date 14/07/2019

#Unemployment #RoyMorgan #ABS While the ABS claims that Australia’s Unemployment rate is 5.1% the Roy Morgan figure is 9.2%. Let’s look at the different approaches and ask which number better reflects the reality of the economy and which should be used to influence government policy? References HOW DOES THE ABS MEASURE UNEMPLOYMENT https://www.abs.gov.au/ausstats/abs@.nsf/Latestproducts/6105.0Feature%20Article53July%202014 Roy Morgan […]

Tags ABS, Australia, Rate Wars, Ray Morgan, Underemployment, Unemployment

Economy

Buying Gold Using GoldPass

Post author By Heise Says
Post date 13/07/2019

#Gold #PerthMint #BuyGold I share my experience using the GoldPass app from the Perth Mint to buy Gold backed certificates. I’m impressed with the convenience and the potential reach of this app to a younger audience more technologically inclined audience.

Tags App, Gold, Gold Backed Certificates, Investing, Mint, Perth Mint

Economy

Consumer Confidence Drops

Post author By Heise Says
Post date 11/07/2019

#Australia #AusPOL #Recession Consumer and Business confidence has dropped in Australia. Looks like back to back interest rate cuts didn’t fill people with confidence for some reason? Reference Consumers most pessimistic in two years, despite tax and interest rate cuts https://www.abc.net.au/news/2019-07-10/consumer-confidence-july-2019/11294948

Tags 1% Cash Rate, AusPol, Australia, Bonds, Cash Rate, consumer confidence, First Home, Home Loan, Interest Rate, Interest Rates, Investment, Lending, Philip Lowe, Property, Rally, RBA, Recession, remarks, Reserve Bank

Economy

Australia is in Recession

Post author By Heise Says
Post date 10/07/2019

#Australia #AusPOL #Recession GDP Per Capita has declined in Australia for the last two quarters, so for all intents and purposes, we are in a recession for the first time in 27 years. Our politicians need to use the R-word before the RBA starts playing with QE or negative interest rate. Perhaps some infrastructure projects […]

Tags 1% Cash Rate, AusPol, Australia, Bonds, Cash Rate, First Home, Home Loan, Interest Rate, Interest Rates, Investment, Lending, Philip Lowe, Property, RBA, Recession, remarks, Reserve Bank

Economy

Deutsche Banks is only the first

Post author By Heise Says
Post date 10/07/2019

#DeutscheBank #Equity #Investment With Deutsche Bank firing 18,000 people one must ask, is this only the beginning? How will it affect the Australian banking sector?

Tags Australia, Banking, Broking, Deutche Bank, Downturn, Equity, Investment, Job Loss, London, Recession, Stock Market, Sydney

Economy

Is the Market Predicting a Recession

Post author By Heise Says
Post date 09/07/2019

#ASX #AusPOL #CashRate Both Equity and Bonds are rallying and analysis split over an impending market correction. Is this just smart investors moving funds into the equities market and hedging their bets or is the bond rally and market confusion a sign of impending recession? References Bonds https://www.asx.com.au/products/bonds.htm Trading View https://www.tradingview.com/chart/?symbol=ASX%3AXAO Share market correction may […]

Tags 1% Cash Rate, AusPol, Australia, Bonds, Cash Rate, First Home, Home Loan, Interest Rate, Interest Rates, Investment, Lending, Philip Lowe, Property, Rally, RBA, Recession, remarks, Reserve Bank

Economy

Deutsche Bank Fires 18,000

Post author By Heise Says
Post date 09/07/2019

#DeutscheBank #Equity #Investment Deutsche Bank has fired 18,000 and closed the equity division reducing the range of services they can provide their clients. Is this a sign of a troubled future for the bank and what are the implications for Australia? References Deutsche Bank axes 18,000 staff around the world, including Sydney, New York and […]

Tags Australia, Banking, Broking, Deautche Bank, Downturn, Equity, Investment, Job Loss, London, New York, Recession, Stock Market, Sydney

Construction Economy Mascot Towers Peak Towers

Bayside Council Releases All Mascot and Peak Towers Information

Post author By Heise Says
Post date 05/07/2019

#MascotTowers #PeakTowers #Evacuated Bayside Council has released all of its information concerning Mascot Towers and neighbouring Peak Towers. They should be commended for releasing this information to the public and we should all lobby to make this standard practice to ensure consumers have access to as much information as possible. References Mascot Towers and Peak […]

Construction Economy Housing Crash

Foreign Investment Crashes in Australia

Post author By Heise Says
Post date 02/07/2019

#ForeignInvestment #AusPOL #Housing Foreign Investment in Australian Real Estate and housing has crashed in recent years. Let’s look at how high it was and consider the implications it has had on housing prices and the quality of our housing stock. Did such rapid growth in foreign investment overheat our construction industry and are we going […]

Tags AusPol, Cash Rate, Crash, First Home, First Home Buyer, Foreign Investment, Government Spending, Grants, Home Loan, Interest Rates, Investment, Labor, Lending, Market Crash, Perth, Property, RBA, Stimulus

Economy Housing Crash

Perth Housing Crashing

Post author By Heise Says
Post date 01/07/2019

#Stimulus #AusPOL #Housing The West Australian government is hoping that a first home buyers stimulus will help stimulate their declining housing sector. With a short timeframe and a loosening of criteria, it seems like a desperate move, particularly with additional interest rate cuts on the way. References Stimulus starts as Perth house prices fall https://www.news.com.au/national/breaking-news/stimulus-starts-as-perth-house-prices-fall/news-story/c3288798c8540fb16d7f942d0cb56cf7

Tags AusPol, Cash Rate, Crash, First Home, First Home Buyer, Government Spending, Grants, Home Loan, Interest Rates, Investment, Labor, Lending, Perth, Property, RBA, Stimulus