Governments Might Make Gold Ownership Illegal.
Retail sales crash 17.9%
Consumer confidence has fallen.
Business Confidence is Down.
#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
#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
#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
#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
#Darwin #Construction #Non-Compliant Several buildings in Darwin and surrounding suburbs have been discovered to have structural non-compliant issues. Should the department have made their investigation public so prospective buyers could have been informed? References NT Government knew of structural flaws in Darwin buildings, but didn’t tell owners https://www.abc.net.au/news/2019-08-08/nt-government-units-non-compliant-15-months-didnt-tell-owners/11392584