Categories
Economy

Solar Farms Output Slashed

#SolarPower #Energy #PowerPrices Output at several solar farms in Australia has been slashed due to grid issues with the grid. When consumer confidence in renewables take a hit? References Voltage fears force AEMO to cut solar farms output https://www.theaustralian.com.au/business/mining-energy/voltage-fears-force-aemo-to-cut-solar-farms-output/news-story/f8685110f37e308a7523dd767acd226b https://www.aemo.com.au/aemo/apps/visualisations/map.html

Categories
Economy

More talk of Negative Interest Rates

#Economy #NegativeInterestRates #RBA Talk of Negative interest rates is appearing more frequently in Australia media. References Reserve Bank may slash rates to 0.25 per cent, but ‘reluctant’ to dip into negative territory https://www.abc.net.au/news/2019-09-14/rba-interest-rate-cuts/11510102?section=business

Categories
Economy

Calls for Direct Stimulus to Avoid the Recession

#Australia #Economy #Recession Calls for direct stimulus to avoid the recession, although everything is still fine. References ‘Time to open your wallet ScoMo’: How Australia could dodge a devastating recession https://www.news.com.au/finance/economy/australian-economy/time-to-open-your-wallet-scomo-how-australia-could-dodge-a-devastating-recession/news-story/20922d3c81d87d48ee3ac3c43ce31eb5

Categories
Economy

Australia’s Household Debt Crisis

#Debt #Economy #Recession Australia’s high household debt levels are putting us at risk of a global shock and the debt levels continue to rise. References Global debt bomb fallout threatens Australian economy https://www.abc.net.au/news/2019-09-12/debt-bomb-fallout-threatens-australian-economy/11505248?section=business https://tradingeconomics.com/country-list/households-debt-to-income

Categories
Economy

9 reasons why Australia is not heading for recession

#Recession #Australia #Economy Let’s look at nine arguments for why Australia isn’t heading to a recession and then discover the one result that changes everything. References OEChttps://oec.world/en/profile/country/aus/ Australia’s Population Growth Outstrips Water Supply https://www.youtube.com/watch?v=H3iyi_EFBVQ Australia’s Unemployment Rate hits 9.2% https://youtu.be/rDHmSao_GEw Roy Morgan Unemployment & Under-employment Estimates (2005-2019)https://www.roymorgan.com/morganpoll/unemployment/underemployment-estimates A Complete List of Australian Infrastructure Projectshttps://blog.iseekplant.com.au/australian-infrastructure-guide Australia […]

Categories
Economy

Trump Calling for Negative Interest Rates

#USA #Economy #Recession President Trump is calling for negative interest rates. A random tweet or a sign of the true state of the US economy? References Donald Trump urges Fed ‘boneheads’ to cut interest rates to negative; ASX to risehttps://www.abc.net.au/news/2019-09-12/donald-trump-boneheads-federal-reserve-cut-rates-negative/11504310?section=business

Categories
Economy

Australian Underemployment and Overemployment

#Employment #Economy #Underemployment Apparently, the media is attempting to compare a retail worker with a lawyer. While underemployment is an issue, claims that people working too hard is taking away jobs seems farcical. References Underemployment and overemployment problems leave few workers satisfiedhttps://www.abc.net.au/news/2019-09-10/working-50-hours-week-you-might-be-destroying-economy/11494196?section=business

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
Economy Property Recession

Stockland’s $1 billion Retail Selloff

#Stockland #Recession #Retail Stockland is halfway through a $1 billion dollar divestment or selloff of their non-core retail portfolio. Certainly an indication of where the smart money is moving and perhaps a sign of the medium-term retail future for Australia? References STOCKLAND FY19 RESULT – FOCUS ON SUSTAINABLE RETURNS http://clients3.weblink.com.au/pdf/SGP/02136031.pdf