Heise Says
#Myer #DavidJones #GetWokeGoBroke Myer and David Jones are focussing on political correctness and social justice in the board room and seem to be getting Woke and going Broke. References Gerry Harvey says Myer and DJs score top marks for boardroom diversity but ‘we beat the sh*t out of them’ https://www.news.com.au/finance/business/retail/gerry-harvey-says-myer-and-djs-score-top-marks-for-boardroom-diversity-but-we-beat-the-sht-out-of-them/news-story/e8075731d5222f2538217755f28bf0e3
#Stockland #Profits #SGP Stockland’s profits are down 70% and they are currently halfway through a $1 billion divestment out of the retail sector. A sign that the retail recession is well underway. References STOCKLAND FY19 RESULT – FOCUS ON SUSTAINABLE RETURNS http://clients3.weblink.com.au/pdf/SGP/02136031.pdf
#DominoesPizza #DMP #ASX Dominoes’ Pizza has taken over 22 Franchisees stores with their overall profit down 4.6%. A sign of the retail recession or simply the challenges of the Franchise business model? References Domino’s cuts 22 ‘underperforming franchisees’: Profit down 4.6% to $116m https://www.news.com.au/finance/business/retail/dominos-cuts-22-underperforming-franchisees-profit-down-46-to-116m/news-story/ecf4db98a9a84312f267cd757123933b
#Education #Economy #Recession The Government dominated sectors of Healthcare and Education are driving up our costs of living. Are subsidies or competition the solution? References Families feel squeeze as healthcare, education costs outpace inflation https://www.theage.com.au/politics/federal/families-feel-squeeze-as-healthcare-education-costs-outpace-inflation-20190819-p52ihv.html
#AusPOL #Economy #Recession Our government is apparently happy with the trajectory of the Australian Economy. Am I the only one who is sceptical? References Annual Report 2017 – 2018https://www.wgea.gov.au/sites/default/files/documents/wgea-annual-report-17-18.pdf https://www.news.com.au/national/breaking-news/finance-minister-backs-economic-trajectory/news-story/59a86b2eb423e03cee8b6d910045c3dd?fbclid=IwAR0EzeZByAiCFtvoFwPBamRcVZDiqCkpT_G_e98H5BSsa5U63pzx_gB3GzU
#NAB #Business #Confidence References NAB Monthly Business Survey: July 2019 https://business.nab.com.au/wp-content/uploads/2019/08/NAB-Monthly-Business-Survey-July-2019.pdf
#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 […]
#Retail #Recession #Australia Australia’s retail recession continues to grow with a huge David Jones write down in value. Let’s look at some indices and anecdotes about Mainstreet. References David Jones value cut by another $437 million as Australian ‘retail recession’ hits hard https://www.news.com.au/finance/business/retail/david-jones-value-cut-by-another-437-million-as-australian-retail-recession-hits-hard/news-story/5f23466fb5a0a4c45ef658435ae581e5
#Recession #UnderEmployment #Unemployment Australia’s unemployment rate has remained steady at 5.2%. While that might sound like good news, it is masking an increase in our underemployment rate and part-time work due to the election. References Unemployment remains steady at 5.2pc despite an extra 42,300 jobs https://www.abc.net.au/news/2019-06-13/unemployment-remains-steady-despite-extral-42000-jobs/11205060?section=business
#Recession #Retail #NAB Recent NAB survey data indicates that while business confidence is up Australia’s retail sector is in recession the list of which have not been seen since the GFC. While many are hoping the recent RBA rate cut will help stimulate the economy, I think consumer confidence might be different. References NAB business […]