Heise Says
#Economy #Houing #Recession Frydenberg pins hope on soaring Housing Prices to save the economy. References Treasurer Josh Frydenberg is ‘optimistic’ soaring house prices will get the Australian economy roaring again, but experts aren’t sold https://www.businessinsider.com.au/treasurer-josh-frydenberg-house-prices-property-market-rba-2019-9?fbclid=IwAR1nu0cFAt13shSTNJPv-cxiMlAa_m3l8IslYsNb-24Rw9Ax9dozcH0SPSo
#Recession #Economy #Petrol Petrol prices soared recently in Australian and have remained high. References Petrol prices stay high despite global oil prices falling to pre-attack levelshttps://mobile.abc.net.au/news/2019-09-27/petrol-prices-stay-high-despite-oil-falling-to-pre-attack-level/11549550?section=business
#Recession #Economy #Australia Surprisingly household spending intentions are looking up. A temporary blip or a change in trend? Household Spending Intentions Series. September 2019 https://www.commbank.com.au/content/dam/commbank-assets/business/insights/2019-09/cba-hsi-sep19.pdf
#Recession #Economy #Australia Former Treasurer Peter Costello believes Australia has been in a hidden recession. References Has Australia had a hidden recession? Peter Costello thinks so https://au.finance.yahoo.com/news/has-australia-had-a-hidden-recession-peter-costello-thinks-so-011830750.html
#Australia #Influence #Politics Foreign Influence on Australian Companies is going to be recorded. References https://www.abc.net.au/news/2019-09-25/australian-companies-asked-go-on-foreign-transparency-register/11545184?section=business
#Economy #Recession #RBA The RBA is hoping that tax returns will save the Australian economy. References Australians reap tax refunds worth $17.4 billion, as RBA signals tax cuts will boost https://www.abc.net.au/news/2019-09-26/australians-reap-tax-refunds-worth-$17.4-billion/11548186?section=business
#Economy #Recession #Construction The NSW construction industry is collapsing with the largest number of bankruptcies since 2015. References Stamp duty crash wipes $2.5b from NSW Budget Construction companies in NSW collapsing at record rate as building slowdown biteshttps://www.abc.net.au/news/2019-09-26/nsw-construction-companies-liquidated-in-record-numbers/11512002?section=business Housing fall blows $5.2bn hole in Victorian budgethttps://www.theaustralian.com.au/nation/politics/housing-fall-blows-52bn-hole-in-victorian-budget/news-story/b3f8bedafa7ad255572e1c3f859a9751
#Property #RealEstate #Australia Another good weekend for the property market is leading some pundits to claim are rebound is underway. I am much too sceptical. References Property market has a spring in its step, but a rebound is not yet in the bag https://www.abc.net.au/news/2019-09-22/property-market-spring-price-rise-still-has-challenges/11529452?section=business
#China #Economy #Recession China’s economy is slowing and economists are concerned about the potential impact on the Australian economy. References China whispers of economic Armageddon, why Australia should be worried https://www.news.com.au/
#Stimulus #Economy #Spending With calls for a return to Rudd era direct government stimulus, it is worth looking at the broken window fallacy and asking whether our current housing affordability crisis may be in part to blame on Rudd? Reference Australia’s Uncreative Destruction https://mises.org/library/australias-uncreative-destruction