Categories
Economy

Food is getting expensive

#Food #Retail #HeiseSays Food is getting more expensive. References Food prices rising at Coles and Woolworths as competition easeshttps://www.afr.com/companies/retail/food-prices-rising-at-coles-and-woolworths-as-competition-eases-20191105-p537i0?fbclid=IwAR1EqLuUXC27V-voZEnM97TsJxZ6HwzVYltCA7-flI6shyjWH0erWaZiuHQ

Categories
Economy

Cost of Living Increases

#CPI #Living #HeiseSays Cost of living is increasing. References Inflation edges up taking some heat off the RBA to cut interest rates https://www.abc.net.au/news/2019-10-30/inflation-edges-up-taking-some-heat-off-rba-to-raise-rates/11652388?section=business

Categories
Economy Recession

Australia’s Three Recessions

#Recession #Economy #Australia The US is calling Australia out on our three hidden recessions. References https://www.stlouisfed.org/on-the-economy/2019/september/australia-28-year-expansion

Categories
Economy

Inflation and Housing

#Inflation #Housing #Australia Existing housing purchases are not included in CPI. How would our inflation rate look if it were included? References Inflation data ‘very poor’ cost of living measure due to house price exclusionhttps://mobile.abc.net.au/news/2017-04-20/inflation-data-suffers-from-exclusion-of-housing/8457718 Shadow Government Statisticshttp://www.shadowstats.com/alternate_data/inflation-charts Housing affordability in Australiahttps://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/pubs/BriefingBook45p/HousingAffordability

Categories
Economy

Is Australia in a Depression?

#Australia #Economy #Depression Let’s look at the numbers and see if Australia meets Keynes’ definition of a depression. References

Categories
Political Commentary

Blaming Consumers for the Economy

#Economy #Recession #Consumption Consumers are being blamed for worsening economic conditions. But can people be blamed because while our costs of living have increased wage growth has been virtually non-existent? https://youtu.be/cjZK4gd9pSM References How a consumer go-slow and a pile of debt is killing the economy https://www.abc.net.au/news/2019-09-08/economy-grinds-down-as-consumers-keep-their-wallets-shut/11487524?section=business

Categories
Economy

Education and Health Costs Are Up

#Education #Economy #Recession The Government dominated sectors of Healthcare and Education are driving up our costs of living. Are subsidies or competition the solution? References Families feel squeeze as healthcare, education costs outpace inflation https://www.theage.com.au/politics/federal/families-feel-squeeze-as-healthcare-education-costs-outpace-inflation-20190819-p52ihv.html