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
Cash Ban

ABC Discusses Negative Interest Rates

#CashBan #IMF #NegativeInterestRates It’s good to see that the ABC is beginning to report and discuss the prospect of negative interest rates, with reference to IMF research. References Banning cash so you pay the bank to hold your money is what the IMF wants https://www.abc.net.au/news/2019-08-26/cash-ban-so-you-pay-the-bank-to-hold-your-money-what-imf-wants/11443646

Categories
Economy Interview

Stein Chats with John Adams

#SteinChats #Economics #JohnAdams Join my guest, Economist John Adams, for a chat over a stein.

Categories
Economy

Australia and the Trade War

#Australia #Trade #Economy Prime Minister Scott Morrison has said Australians need to ‘get used’ to the ongoing trade war between China and the United States. Let’s have a look at the rhetoric and then compare the US and Chinese Economies. Watch on YouTube https://youtu.be/e8KOB-Xy1QE References Australians should ‘get used to’ US-China trade war as superpowers […]

Categories
Economy

Reporting Australia’s $10,000 Cash Ban

#CashBan #Australia #Money The ABC and SBS are finally reporting about the proposed cash transaction ban, 8 day’s after the due date for submissions to the treasury. What is the point? References Currency (Restrictions on the Use of Cash) Bill 2019 https://www.treasury.gov.au/consultation/c2019-t395788 Paying more than $10,000 in cash could make you a criminal under proposed […]

Categories
Economy

RBA’s Extreme Measures

#RBA #Recession #QuantitativeEasing The RBA might deploy extreme measures to help stimulate the economy. References ‘We’re almost out of ammo’: Reserve Bank considering ‘extreme measures’ to save the economy https://www.news.com.au/finance/economy/interest-rates/were-almost-out-of-ammo-reserve-bank-considering-extreme-measures-to-save-economy/news-story/cf5a1247f66ea014db045e815b67f89f

Categories
Economy

Countdown to the Global Recession

#Recession #BondRates #InvertedYieldCurve Fears of a US and global recession are growing, with huge stock market drops and other indicators predicting a recession. Do we only have 15 months time until a United State recession? How will it affect Australia? References 5 things investors need to know about an inverted yield curve https://www.marketwatch.com/story/5-things-investors-need-to-know-about-an-inverted-yield-curve-2019-08-14 ‘Crazy inverted […]

Categories
Economy NAB Monthly Business Survey

NAB’s Monthly Business Survey Results – July 2019

#NAB #Business #Confidence References NAB Monthly Business Survey: July 2019 https://business.nab.com.au/wp-content/uploads/2019/08/NAB-Monthly-Business-Survey-July-2019.pdf

Categories
Economy

JB Hi-Fi Bucks the Retail Recession

Unemployment #Recession #Retail JB Hi-Fi has bucked the trend and avoided the impact of the retail recession. A turn-around or simply a result of their product brand a people naively spending a tax-cut like a handout? References JB Hi-Fi announces strong profit, despite bleak retail conditions https://www.abc.net.au/news/2019-08-12/jb-hi-fi-results-profit-tough-retail-sector/11404608?section=business