Categories
Economy

Soaring House Prices will Save the Economy

#Economy #Houing #Recession Frydenberg pins hope on soaring Housing Prices to save the economy. References Treasurer Josh Frydenberg is ‘optimistic’ soaring house prices will get the Australian economy roaring again, but experts aren’t sold https://www.businessinsider.com.au/treasurer-josh-frydenberg-house-prices-property-market-rba-2019-9?fbclid=IwAR1nu0cFAt13shSTNJPv-cxiMlAa_m3l8IslYsNb-24Rw9Ax9dozcH0SPSo

Categories
Economy Recession

Petrol Prices Soar

#Recession #Economy #Petrol Petrol prices soared recently in Australian and have remained high. References Petrol prices stay high despite global oil prices falling to pre-attack levelshttps://mobile.abc.net.au/news/2019-09-27/petrol-prices-stay-high-despite-oil-falling-to-pre-attack-level/11549550?section=business

Categories
Economy Recession

Household Spending Surges

#Recession #Economy #Australia Surprisingly household spending intentions are looking up. A temporary blip or a change in trend? Household Spending Intentions Series. September 2019 https://www.commbank.com.au/content/dam/commbank-assets/business/insights/2019-09/cba-hsi-sep19.pdf

Categories
Economy Recession

Australia’s Economic Slowdown

#Economy #Recession #RBA The RBA is uncertain why the Australian economy is slowing down. And they are our central planners’ people. References RBA notes ‘unexplained’ reasons beyond the drought are slowing the Australian economyhttps://www.news.com.au/finance/economy/australian-economy/rba-notes-unexplained-reasons-beyond-the-drought-are-slowing-the-australian-economy/news-story/1cb9175850390cdc2650d632eaca5e63

Categories
Economy

Consumer Confidence is up

#ConsumerConfidence #Westpac #Retail Westpac has reported that Consumer Confidence is up in August. A sign that the retail recession is turning around or simply the result of the tax rebate and the start of a new financial year? Let’s make sure to check next month when people receive the credit card bills. References Investopia Westpac […]

Categories
Economy

Australia’s Retail Recession Worsens

#Recession #Retail #Kmart K-Mart’s sales figures have declined, signalling a worsening of Australia’s Retail Recession. What will happen when Amazon starts to take off in Australia? References https://www.news.com.au/finance/business/retail/retail-sector-in-recession-warning-signs-for-kmart-big-w-myer-and-david-jones/news-story/22b6d944bb3d82fc6d93437d433c04b6

Categories
Economy

Negative Interest Rates

#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 […]

Categories
Political Commentary

Australia’s Retail Recession Grows

#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

Categories
Economy

The Public Sector Will Save the Economy

#AusPOL #Recession #Crash 8 out of 10 jobs in the last year were created in the Public Sector. Surely a sign that everything is fine with the economy and that the Public Sector will save us all. References Public sector propping up employment and the economy, analysts say https://www.abc.net.au/news/2019-07-23/jobs-growth-dominated-by-public-sector/11334294?section=business

Categories
Economy

Consumer Confidence Drops

#Australia #AusPOL #Recession Consumer and Business confidence has dropped in Australia. Looks like back to back interest rate cuts didn’t fill people with confidence for some reason? Reference Consumers most pessimistic in two years, despite tax and interest rate cuts https://www.abc.net.au/news/2019-07-10/consumer-confidence-july-2019/11294948