Cashless Aussies are resorting to stealing and looting.
Tag: debt
Consumers Lease Dogs
Consumers are actually leasing dogs.
Australia’s Christmas Debt
#Retail #Shopping #HeiseSays Australians have spent big on Christmas and gone into debt. References One in three Australians start 2020 with a ‘Christmas debt hangover’ https://www.news.com.au/finance/money/costs/one-in-three-australians-start-2020-with-a-christmas-debt-hangover/news-story/1bcd02b3c7a51da4a2204bbf5e47cb0a
How to Decimate Debt
Let’s look at two different approaches to decimate debt.
Global Debt Crisis
The world is facing a global debt crisis.
Australia’s Household Debt
#Debt #Australia #Household #HeiseSays Australia’s household debt is at a record high. References Why are we so worried about household debt? https://au.finance.yahoo.com/amphtml/news/why-worry-household-debt-190036599.html
#Banking #Money #Economy The public is beginning to learn that private Banks are “printing” money out of thin air. References https://www.theaustralian.com.au/nation/politics/big-four-banks-just-creating-piles-of-money/news-story/c87faa72a76d3bd2143fe0d6b088186f
More talk of Negative Interest Rates
#Economy #NegativeInterestRates #RBA Talk of Negative interest rates is appearing more frequently in Australia media. References Reserve Bank may slash rates to 0.25 per cent, but ‘reluctant’ to dip into negative territory https://www.abc.net.au/news/2019-09-14/rba-interest-rate-cuts/11510102?section=business
#Australia #Economy #Recession Calls for direct stimulus to avoid the recession, although everything is still fine. References ‘Time to open your wallet ScoMo’: How Australia could dodge a devastating recession https://www.news.com.au/finance/economy/australian-economy/time-to-open-your-wallet-scomo-how-australia-could-dodge-a-devastating-recession/news-story/20922d3c81d87d48ee3ac3c43ce31eb5
Australia’s Household Debt Crisis
#Debt #Economy #Recession Australia’s high household debt levels are putting us at risk of a global shock and the debt levels continue to rise. References Global debt bomb fallout threatens Australian economy https://www.abc.net.au/news/2019-09-12/debt-bomb-fallout-threatens-australian-economy/11505248?section=business https://tradingeconomics.com/country-list/households-debt-to-income