Matt Barrie Says Our Housing Market May Never Recover – Reference

#AusPol #ConsumerConfidence #Housing

Matt Barrie the CEO of Freelancer warns that the Australian Housing market may never recover and highlights the simplicity of the Australian Economy. Interested by this, I find out how the complexity of the Australian economy compares to the test of the world and it is embarrassing.

YouTube Version

References

Our Housing Market May Never Recover https://www.news.com.au/finance/economy/australian-economy/housing-market-may-never-recover-from-downturn-expert-warns/news-story/e65644df8cf03bb045055ef1dba5736b

Australia’s Economy is a House of Cards
https://www.linkedin.com/pulse/australias-economy-house-cards-matt-barrie/

Economic Complexity Rankings
https://atlas.media.mit.edu/en/rankings/country/eci/

Housing Crash drops Consumer Confidence – References

#AusPol #ConsumerConfidence #Housing

Consumer confidence is down and the housing crash is potentially to blame, are interest rate cuts on the horizon? I look at the recent update from Reuters and learn about how the consumer confidence index is measured.

The Wealth Effect?

References

UPDATE 3-Souring consumer mood in Australia may prompt RBA rate cut soon
https://www.reuters.com/article/australia-economy-consumersentiment/update-1-australia-slowdown-housing-crash-hit-consumer-confidence-in-march-survey-idUSL3N21003K

Australia Consumer Confidence
https://tradingeconomics.com/australia/consumer-confidence

Banks say they are not to blame for the Housing Crash – References

#Banking #Housing #HousingCrash

I look at a recent AFR article in which Westpac CEO Brian Hartzer claims that banks are not to blame for the housing crash. Seemingly ignoring recent evidence from Melbourne land sales.

https://youtu.be/_E1eBKIlQ24

References

Westpac CEO Brian Hartzer says banks ‘not to blame’ for house slump
https://www.afr.com/business/banking-and-finance/westpac-ceo-brian-hartzer-says-small-business-hurt-by-lending-crackdown-20190130-h1anog

YouTube Cards

Should Australia Adopt Hammurabi’s Building Code? – References

#Hammurabi #BuildingCode #Babylon

I look at the aspects of Hammurabi’s Code of Laws that relate to construction and ask the question, “Should Australia adopt these codes?”

https://youtu.be/gDsLGyejx8k

References

Hammurabi, King of Babylon
http://www.thenagain.info/WebChron/MiddleEast/Hammurabi.html

007. Babil (ancient: Babylon)
https://www.cemml.colostate.edu/cultural/09476/iraq05-007.html

The Oldest Code of Laws in the World by King of Babylonia Hammurabi
https://www.gutenberg.org/files/17150/17150-h/17150-h.htm

The Housing Crash is Coming – References

#AusPol #Construction #Housing

I look at a recent article exploring the claims by Economist Lindsay David that we are already in the second stage of a housing crash. What are you doing to prepare?

https://youtu.be/8DgWbS2Ti9E

References

‘Let the bloodbath begin’: House prices in Sydney and Melbourne ‘could halve’ in worst crash since 1890s
https://www.news.com.au/finance/economy/australian-economy/let-the-bloodbath-begin-house-prices-in-sydney-and-melbourne-could-halve-in-worst-crash-since-1890s/news-story/5918ea13042d5f819cb13c77629f060a

David Murray warns of 1890s housing crash depression
https://www.macrobusiness.com.au/2017/04/david-murray-warns-of-1890s-housing-crash-depression/

Our Shrinking Construction Industry – References

#AusPol #Construction #SmallBusiness

I discuss a recent article from the ABC about the decline in employment in the construction industry and reduced wage growth. From reading the article it appears that some of the analysts have never experienced the challenges of running a small business.

https://youtu.be/QE5MKdMgF7I

References

Businesses undermine the Reserve Bank’s hope of wage rises for workers

https://mobile.abc.net.au/news/2019-02-08/businesses-tell-workers-wanting-a-pay-rise-they-are-dreaming/10792724?pfmredir=sm&sf207431576=1&smid=Page:%20ABC%20News-Facebook_Organic&WT.tsrc=Facebook_Organic

The Opal Tower Fallout – References

#Opal #Cracking #Failure
Widespread economic implications.

https://youtu.be/Qbz2E31l6Gk

The Opal Tower might not fall, but prices for new apartments could plummet as the consequences of the building debacle widen.  by Jason Murphy

https://www.news.com.au/national/nsw-act/news/the-farreaching-consequences-of-opal-tower/news-story/2326a65696330c04ac03747b82e83187