Corporate activisim is becoming more prevalent.
The retail recession has claimed the Co-Op Book Shop.
Banks are changing the way they are selling debt to collection agencies.
Is a sharp decline in Ute sales, combined with the prolonged fall in building approvals signalling a tradie recession?
#Investment #Economy #HeiseSays Bellamy’sBaby Formula has been purchased by a Chinese government-backed company. References Bellamy’s baby formula’s $1.5b Chinese takeover bid approved by Treasurer Josh Frydenberg https://www.abc.net.au/news/2019-11-15/bellamys-baby-formula-chinese-takeover-approved/11707190
#Economy #Australia #HeiseSays Successful investor Dr El-Erian has some concerns about the future for the Australian Economy. References When Mohamed El-Erian speaks, Wall Street listens — and he says a crash is coming https://www.abc.net.au/news/2019-11-13/crash-is-coming-says-influential-investor-mohamed-el-erian/11700696?section=business
#Finances #Banks #HeiseSays Banks are acting as moral police and freezing accounts and banning clients. References Bank of Queensland ‘reviewing’ no tattoo parlour policy after Gold Coast artist’s accounts frozen https://www.news.com.au/finance/business/banking/bank-of-queensland-reviewing-no-tattoo-parlour-policy-after-gold-coast-artists-accounts-frozen/news-story/dd0dc298ff50601bd062af681b0a6541
#Economy #RealEstate #HeiseSays Melbourne’s empty land has plunged in value by up to 20%, with buyers struggling to secure financing. References
#Economy #Recession #HeiseSays Australia has lost over 120,000 millionaires. Could this negative “Wealth Effect” be the reason for the retail recession? References Housing market slump means Australia has lost 124,000 millionaires https://www.news.com.au/finance/money/wealth/housing-market-slump-means-australia-has-lost-124000-millionaires/news-story/47c166ee2a77ad677afd6bcd33208e95 The Wealth Effect https://www.investopedia.com/terms/w/wealtheffect.asp
#Melbourne #Infrastructure #HeiseSays Melbourne’s West Gate project is paying labourers exorbitant wages. I guess Andrew’s government needs to take care of their supporters? References https://www.infrastructureaustralia.gov.au/search-priority-list-map http://westgatetunnelproject.vic.gov.au/about/latest-updates/supporting-the-west-with-funding-for-community-led-ideas Labourers working on Victoria’s West Gate Tunnel raking in $110,000 for 36-hour weeks https://www.couriermail.com.au/lifestyle/labourers-working-on-victorias-west-gate-tunnel-raking-in-110000-for-36hour-weeks/news-story/4c0741984126a2343203f91e48ac23c0?fbclid=IwAR2hlXBDpSC2KUr9eH9qz-DDn8kb6e6j4Qx8iSh9sij7IN3fIrNHvCrWtQU