Will a Rate Cut stop the Housing Crash?

#AusPol #InterestRate #Housing

The RBA is looking at cutting Australia’s Cash Rate. Will an Interest Rate cut stop the housing crash?

Listen to the Podcast
Watch on YouTube

References

Australian dollar headed for a fall as Reserve Bank mulls interest rates cut

https://www.abc.net.au/news/2019-05-06/why-the-aussie-dollar-is-headed-for-a-fall/11081810?pfmredir=sm

The Observatory of Economic Complexity

https://atlas.media.mit.edu/en/profile/country/aus/

6202.0 – Labour Force, Australia, Mar 2019

http://www.abs.gov.au/ausstats/abs@.nsf/0/6050C537617B613BCA25836800102753?Opendocument

Labor’s Promises to Casual Workers

#AusPol #Recession #Election2019

Bill Shorten is making promises to casual workers to provide them with a smoother pathway to permanent positions. Sounds great but might end up hurting more than helping.
I would prefer more support for small businesses or addressing the issues of labour-hire companies. Where people employed are de-facto employees of a third party, but don’t receive the security or benefits.

Watch on YouTube

https://youtu.be/mCuGDNkIr7I

Listen to the PodCast

References

https://www.brisbanetimes.com.au/federal-election-2019/employers-wary-as-bill-shorten-promises-2-6m-casual-workers-the-right-to-convert-20190423-p51gi1.html?fbclid=IwAR0ASbgzo9ri3W0PKkh4ykp4WhTl6AOlrgrVq9rRqVbONyEKhBckZRxYp74

Australia’s Impending Recession

£AusPol #Recession #Election2019

Australia’s inflation rate was 0 for the last quarter and our GDP growth was only 0.2% and is trending down. It looks like Australia is heading for a recession, so why isn’t this the biggest issue of the election? Why are we worried about electric cars and political gender quotas? Will this be the only way for a generation to learn?

Watch on YouTube
Listen to the Podcast

References

https://www.news.com.au/finance/economy/australian-economy/huge-warning-sign-for-australian-economy/news-story/5652a90757b67a9611073937e1b6381e

5206.0 – Australian National Accounts: National Income, Expenditure and Product, Dec 2018`

http://www.abs.gov.au/ausstats/abs@.nsf/mf/5206.0

Australia’s 50% Property Crash is coming

#AusPol #ConsumerConfidence #Housing

Today we look at a New Zealand newspaper that is reporting on the impending or already begun, housing price crash in Australia. While 50% mighty sound excessive, when limited to apartments and when measures over a few years it doesn’t appear to be that outrageous.

References

Watch on YouTube
Listen to the Podcast

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