Heise Says
#Housing #Economy #HeiseSays A new housing boom is being predicted for Australia. References Australian property: New record housing boom for most capital cities ‘just months away’, industry data reveals https://www.realestate.com.au/news/australian-property-new-record-housing-boom-for-most-capital-cities-just-months-away-industry-data-reveals/?rsf=syn:news:nca:news:spa:strap
#Finances #AUD #HeiseSays The argument is being made that the RBA hoping a fall in the Australian Dollar will increase employment and wages, I am concerned that increases in the cost of living will have a greater impact on average Australians. References Will a lower dollar bail out the economy, raise wages and lower unemployment? […]
#IronOre #Australia #HeiseSays Australia’s dependency on Iron Ore is concerning because of the falling Iron Ore Market. References ‘Failed souffle’: Warning for Australia as iron ore begins to fallhttps://www.watoday.com.au/business/the-economy/failed-souffle-warning-for-australia-as-iron-ore-begins-to-fall-20191105-p537gw.html https://tradingeconomics.com/commodities https://oec.world/en/profile/country/aus https://oec.world/en/profile/hs92/2601/
#NAB #Banking #HeiseSays NAB profits plunge. References https://www.nab.com.au/content/dam/nabrwd/documents/reports/corporate/fy19-investor-presentation.pdf ‘Disappointing’: NAB profits tumble 10.6 per cent, executives miss out on bonuseshttps://www.smh.com.au/business/banking-and-finance/nab-profits-tumble-10-6-per-cent-as-customer-compensation-costs-bite-20191107-p5385q.html
#Economy #Recession #HeiseSays The RBA has kept the Cash Rate Steady. References Statement by Philip Lowe, Governor: Monetary Policy Decision https://www.rba.gov.au/media-releases/2019/mr-19-29.html RBA Rate Indicator – December 2019 https://www.asx.com.au/prices/targetratetracker.htm
#Economy #Recession #HeiseSays Economists agree that infrastructure spending is the only way to save Australia. But is it all too late? References We asked 13 economists how to fix the economy. All back the RBA governor over the Treasurerhttps://mobile.abc.net.au/news/2019-11-04/economists-back-rba-philip-lowe-not-treasurer-josh-frydenberg/11667836 Search the Priority List https://www.infrastructureaustralia.gov.au/search-priority-list-map
#Retail #Recession #HeiseSays Retail levels have crashed to levels not seen since the 1990’s recession. References Retail slumps to ‘weakest’ level since 1990s recession as tax cuts fail to stimulate consumer spending https://www.theage.com.au/politics/federal/worrying-sign-retail-slumps-to-worst-performance-since-last-recession-as-jobs-weaken-20191104-p5378r.html?fbclid=IwAR3h2VWqEkoJQJPDUX36h12CN9x7UMbpKce448y28rwZjEpYBcymiA8l87M
#Eftpos #Australia #HeiseSays Eftpos transaction fees are being passed onto consumers with greater frequency. Luck we still have cash….oh. References
#Recession #China #HeiseSays Is China heading for a recession? References China Is Heading For A Long Growth Recession, Not Because Of The Trade War https://www.forbes.com/sites/forbes-finds/2019/11/01/the-best-tech-giftsfrom-new-releases-to-cult-favorites/#394cfde677b0
#CashBan #Australia #HeiseSays Let’s look at Treasure’s reporting concern the 3500 public submissions to the Cash Ban consultation. References China Is Heading For A Long Growth Recession, Not Because Of The Trade War https://www.forbes.com/sites/forbes-finds/2019/11/01/the-best-tech-giftsfrom-new-releases-to-cult-favorites/#394cfde677b0