Tag: Economics

Australia’s Unemployment Rate is set to Rise

Post author By Heise Says
Post date 12/08/2019

#Unemployment #Recession #Economy Market Economists are predicting Australia’s Unemployment rate will rise late this week. That would seem to align with the recent news about the retail recession that is underway. References Wage and unemployment numbers set to pressure RBA to cut interest rates again https://www.abc.net.au/news/2019-08-11/interest-rates-under-pressure-again-from-wage-jobs-figures/11398864?section=business Roy Morgan Employment Estimates (1999-2019) https://www.roymorgan.com/morganpoll/unemployment/estimates-detailed

Tags $10000 Limit, ABS, Australia, Australian Limit, Cash Limit, Cashless, Cost of Living, Economics, Economy, Financial Stress, IMF, Inflation, Negative Interest Rates, Petrol, Recession, Unemployment, Wage Growth

Economy

Make your submission – Australia’s Cash $10000 Ban

Post author By Heise Says
Post date 11/08/2019

#CashLimit #AusPOL #$10,000 The Australian government is proposing to limit cash transaction to $10,000 or less to reduce the black market, make sure you get your submission to Treasury before the deadline on the 12 August 2019. References John Adam’s – https://www.adamseconomics.com/post/cash-transaction-ban-consultation-submission-john-adams?fbclid=IwAR0bwG9IHoyRHoy4KaTklKjQ6QyNS2VNbD9cAlmRaF_LgRIxm_RmX6lBff0 My Submission – https://says.heise.com.au/contacting-the-house-of-reps-about-the-restrictions-on-the-use-of-cash/ Treasury – https://www.treasury.gov.au/consultation/c2019-t395788

Tags $10000 Limit, ABS, Australia, Australian Limit, Cash Limit, Cashless, Cost of Living, Economics, Economy, Financial Stress, IMF, Inflation, Petrol, Recession, Wage Growth

Economy

Fractional Reserve Banking

Post author By Heise Says
Post date 10/08/2019

#Banking #Finance #FractionalReserveBanking Let’s look at the concept of Fractional Reserve Banking before we look at the even scarier Capital Regulations for banking in Australia. References Fractional Reserve Banking https://www.investopedia.com/terms/f/fractionalreservebanking.asp

Tags Australia, Economics, Finance, Fractional Reserve Banking, IMF, Introduction, Negative Interest Rate, World

AUSPol Economy

Contacting the House of Reps about the Restrictions on the Use of Cash

Post author By Heise Says
Post date 04/08/2019

#AusPOL #HouseofReps #CashLimit What better way to spend a Sunday night than to try and contact every member of the House of Representatives informing them of my concerns with the Draft Currency (Restrictions on the Use of Cash) Bill 2019. Watch and join in as well, let’s flood them with concern so they all pay […]

Tags $10000 Limit, ABS, Australia, Australian Limit, Cash Limit, Cashless, Cost of Living, Economics, Economy, Financial Stress, IMF, Inflation, Negative Interest Rates, Petrol, Recession, Wage Growth

Economy

Australia’s Planned $10,000 Cash Spending Limit

Post author By Heise Says
Post date 31/07/2019

#CashLimit #AusPOL #$10,000 The Australian government is proposing to limit cash transaction to $10,000 or less to reduce the black market. Let’s look at an overview of their proposal an then the potential implications with regards to negative interest rates and recent IMF research. References Currency (Restrictions on the Use of Cash) Bill 2019 https://www.treasury.gov.au/consultation/c2019-t395788 […]

Tags $10000 Limit, ABS, Australia, Australian Limit, Cash Limit, Cashless, Cost of Living, Economics, Economy, Financial Stress, IMF, Inflation, Petrol, Recession, Wage Growth

Economy

Petrol Price Increase

Post author By Heise Says
Post date 31/07/2019

#Petrol #Recession #Economy The latest Australian Consumer Price Index data has been released and petrol has increased by 10% in Australia. A sign that our costs of living are increasing? References 6401.0 – Consumer Price Index, Australia, Jun 2019

Tags ABS, Australia, Economics, Economy, Financial Stress, Inflation, Petrol, Recession, Wage Growth

Economy

Australian’s in Mortgage Arrears

Post author By Heise Says
Post date 31/07/2019

#AusPol #Recession #Economy Australian’s are in arrears with their Mortgages during a period of the lowest interest rates in the history of our nation. Signs of stagnant wage growth, expensive real estate and a lack of financial education. References https://mobile.abc.net.au/news/2019-07-30/more-australian-borrowers-falling-into-mortgage-arrears/11365288?pfmredir=sm

Tags Arrears, Australia, Economics, Economy, Financial Stress, Mortgage, Recession, Wage Growth

Political Commentary

Will Tomorrow’s Rate Cut Stop the Crash?

Post author By Heise Says
Post date 03/06/2019

#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

Political Commentary

Melbourne Housing Crash affects the Budget

Post author By Heise Says
Post date 26/05/2019

#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

AUSPol

Will a Rate Cut stop the Housing Crash?

Post author By Heise Says
Post date 06/05/2019

#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