Categories
Political Commentary

Will Tomorrow’s Rate Cut Stop the Crash?

#AusPol #Budget #RateCut The RBA is predicted to make an interest rate cut tomorrow. Will it make any difference and will Australia avoid a recession or a housing crash? References With rate cuts and the real risk of a recession ahead, can Australia’s economic run of luck continue? https://www.abc.net.au/news/2019-06-03/rate-cuts-and-recession-can-our-luck-continue/11172000

Categories
Political Commentary

Melbourne Housing Crash affects the Budget

#AusPol #Budget #Housing It appears that the Melbourne housing price crash has left a huge hole in the Victorian State Budget. While the natural response for a Labor government is to increase taxes, I am concerned that they didn’t foresee this issue. References Housing fall blows $5.2bn hole in Victorian budget https://www.theaustralian.com.au/nation/politics/housing-fall-blows-52bn-hole-in-victorian-budget/news-story/b3f8bedafa7ad255572e1c3f859a9751

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AUSPol

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? 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

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AUSPol Election 2019

Australian Mortgage Delinquencies on the Rise

#AusPol #Recession #MortgageDelinquencies Australian mortgage delinquencies are on the rise. This does not bode well for the economy and is another sign of the impending recession. References https://www.abc.net.au/news/2019-05-02/negative-equity-on-the-rise-as-house-prices-continue-to-fall/11061780

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AUSPol

Five Ways to Prepare for Australia’s Recession

AusPOL #Recession #Australia I discuss five way’s people can prepare for the impending recession in Australia, with a bonus sixth way tacked onto the end of my video. Difficult times are not insurmountable and can be character building.

Categories
ALP (Party) AUSPol

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 […]

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AUSPol

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 […]

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AUSPol

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

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AUSPol Construction Property

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. References Our Housing Market May […]

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AUSPol

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