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Economy Housing Crash Recession

The Next Australian Housing Boom

#Housing #Economy #HeiseSays A new housing boom is being predicted for Australia. References Australian property: New record housing boom for most capital cities ‘just months away’, industry data reveals https://www.realestate.com.au/news/australian-property-new-record-housing-boom-for-most-capital-cities-just-months-away-industry-data-reveals/?rsf=syn:news:nca:news:spa:strap

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Economy Recession

Australia’s Iron Ore Dependency

#IronOre #Australia #HeiseSays Australia’s dependency on Iron Ore is concerning because of the falling Iron Ore Market. References ‘Failed souffle’: Warning for Australia as iron ore begins to fallhttps://www.watoday.com.au/business/the-economy/failed-souffle-warning-for-australia-as-iron-ore-begins-to-fall-20191105-p537gw.html https://tradingeconomics.com/commodities https://oec.world/en/profile/country/aus https://oec.world/en/profile/hs92/2601/

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Economy Recession

US Manufacturing Orders Fall

#Economy #Recession #HeiseSays US Manufacturing orders fall while the S&P 500 reaches an all-time high. References Wall Street closing at a record-high prompts warnings that it could be another false dawnhttps://mobile.abc.net.au/news/2019-11-03/green-shoots-emerge-global-economy-not-for-first-time/11664014

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Economy Recession

Economists Plan to Save Australia

#Economy #Recession #HeiseSays Economists agree that infrastructure spending is the only way to save Australia. But is it all too late? References We asked 13 economists how to fix the economy. All back the RBA governor over the Treasurerhttps://mobile.abc.net.au/news/2019-11-04/economists-back-rba-philip-lowe-not-treasurer-josh-frydenberg/11667836 Search the Priority List https://www.infrastructureaustralia.gov.au/search-priority-list-map

Categories
Economy Recession Retail

Retail Levels Crash

#Retail #Recession #HeiseSays Retail levels have crashed to levels not seen since the 1990’s recession. References Retail slumps to ‘weakest’ level since 1990s recession as tax cuts fail to stimulate consumer spending https://www.theage.com.au/politics/federal/worrying-sign-retail-slumps-to-worst-performance-since-last-recession-as-jobs-weaken-20191104-p5378r.html?fbclid=IwAR3h2VWqEkoJQJPDUX36h12CN9x7UMbpKce448y28rwZjEpYBcymiA8l87M

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Economy Recession

Treasury Cash Ban Submissions

#CashBan #Australia #HeiseSays Let’s look at Treasure’s reporting concern the 3500 public submissions to the Cash Ban consultation. References China Is Heading For A Long Growth Recession, Not Because Of The Trade War https://www.forbes.com/sites/forbes-finds/2019/11/01/the-best-tech-giftsfrom-new-releases-to-cult-favorites/#394cfde677b0

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Economy Recession

Woolworths Underpaying Workers

#Woolworths #Economy #HeiseSays Woolworths has underpaid 5700 employees. Will we hear more stories as the retail recession growes? References https://www.news.com.au/finance/business/retail/woolworths-underpays-staff-300-million/news-story/20d62c31d3dec7f5157889453cfdbffc

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Economy Recession

RBA Encourages Business to Borrow

#Borrowing #Economy #HeiseSays The RBA is trying to encourage business to borrow and invest. Doest any trust Philip “Unexpected” Lowe? References https://www.abc.net.au/news/2019-10-29/zero-interest-rates-extraordinarily-unlikely-rba-governor/11651356?section=business

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Economy Recession

The Wage Growth Failure

#Wages #Economy #HeiseSays Wage growth has plunged and the RBA is at a loss to explain why. References Wages growth in Australia: The truth about this viral graph https://www.news.com.au/finance/economy/australian-economy/wages-growth-in-australia-the-truth-about-this-viral-graph/news-story/d75327cfb07c8a961b3688873397bb17

Categories
Economy Recession

Expanding the GST

#Taxation #Economy #HeiseSays Increasing the day to day cost of living….smart! References https://www.news.com.au/finance/work/leaders/calls-to-expand-the-gst-are-shot-down-by-the-prime-minister/news-story/fb3090047d7acc2266270ca3d0e92115