Categories
Economy

RBA Keeps the Cash Rates Steady

#Economy #Recession #HeiseSays The RBA has kept the Cash Rate Steady. References Statement by Philip Lowe, Governor: Monetary Policy Decision https://www.rba.gov.au/media-releases/2019/mr-19-29.html RBA Rate Indicator – December 2019 https://www.asx.com.au/prices/targetratetracker.htm

Categories
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

Categories
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

Categories
Economy Finance

Australia’s Small Business Tax Debt

#Taxes #Economy #HeiseSays Australia’s Small Business Tax Debt is growing, while GST revenue is also down. An economic foreshadowing and cashflow issues? References

Categories
Political Commentary

Afterpay Australia’s Greatest Export

#Afterpay #ConsumerCredit #HeiseSays Afterpay is one of Australia’s recent international business successes but is hipster “lay-buy” really that innovative. References https://www.news.com.au/finance/business/retail/afterpay-backlash-intensifies-as-us-expert-slams-aussie-startup/news-story/cfe2939007c269c12bb2704e9d11d726

Categories
Economy Recession

Regional Taxes Rise

#Tax #Australia #HeiseSays The productivity commission is recommending that regional and remote tax concessions are removed, increasing taxes for many Australia. Watch on Facebook Watch on Bitchute References Window closing to oppose axing of tax offset for regional and remote Australians https://www.abc.net.au/news/2019-10-10/submissions-closing-into-changes-to-remote-zone-tax-offset/11591854?section=business

Categories
Construction Solutions

Solving Construction Industry Corruption (Solutions Ep 01)

#Construction #Solutions #HeiseSays In the first episode of Solutions, let’s look at a solution for the current lack of confidence and potential corruption in Australia’s construction industry. References

Categories
Economy Recession

Government Spending to the Rescue

#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

Categories
Economy Recession

Australia’s Three Recessions

#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