Heise Says
#Stimulus #Australia #Infrastructure Calls are being made for the government to increase stimulus spending. Are we in danger of our leaders falling for the broken window fallacy? References Calls for urgent stimulus led by ‘shovel-ready’ projects as economy loses momentum ‘quite quickly’ https://www.abc.net.au/news/2019-09-30/calls-for-urgent-stimulus-as-economy-loses-momentum/11558810 https://www.infrastructureaustralia.gov.au/search-priority-list-map
#RBA #RateCut #CashRate Another RBA rate cut is predicted, will it help the economy or has monetary policy depleted its effectiveness? References Just how much of the RBA rate cut will end up in your pocket? https://www.abc.net.au/news/2019-09-29/full-rba-cut-will-not-be-passed-on-by-banks-what-will-you-get/11547510?section=business
#Recession #Economy #Australia The US is calling Australia out on our three hidden recessions. References https://www.stlouisfed.org/on-the-economy/2019/september/australia-28-year-expansion
#Recession #Unemplotment #JobAds Job vacancies drop and unemployment rates rise. References Job vacancies decline in August
#Recession #Economy #Petrol Petrol prices soared recently in Australian and have remained high. References Petrol prices stay high despite global oil prices falling to pre-attack levelshttps://mobile.abc.net.au/news/2019-09-27/petrol-prices-stay-high-despite-oil-falling-to-pre-attack-level/11549550?section=business
#Recession #Economy #Australia Surprisingly household spending intentions are looking up. A temporary blip or a change in trend? Household Spending Intentions Series. September 2019 https://www.commbank.com.au/content/dam/commbank-assets/business/insights/2019-09/cba-hsi-sep19.pdf
#Recession #Economy #Australia Former Treasurer Peter Costello believes Australia has been in a hidden recession. References Has Australia had a hidden recession? Peter Costello thinks so https://au.finance.yahoo.com/news/has-australia-had-a-hidden-recession-peter-costello-thinks-so-011830750.html
#Economy #Recession #RBA The RBA is hoping that tax returns will save the Australian economy. References Australians reap tax refunds worth $17.4 billion, as RBA signals tax cuts will boost https://www.abc.net.au/news/2019-09-26/australians-reap-tax-refunds-worth-$17.4-billion/11548186?section=business
#Economy #Recession #RBA The RBA is uncertain why the Australian economy is slowing down. And they are our central planners’ people. References RBA notes ‘unexplained’ reasons beyond the drought are slowing the Australian economyhttps://www.news.com.au/finance/economy/australian-economy/rba-notes-unexplained-reasons-beyond-the-drought-are-slowing-the-australian-economy/news-story/1cb9175850390cdc2650d632eaca5e63
#Unemployment #Underemployment #Recession Australia’s unemployment rate has risen in August to 5.3% despite the RBA’s hopes and dreams. References Unemployment keeps rising to 5.3 per cent in Augusthttps://www.abc.net.au/news/2019-09-19/unemployment-continues-to-rise-hitting-5.3-per-cent-in-august/