Adding to the conversation
#ClimateStrike #SchoolStrike #ClimateChange
Let’s look at today’s climate strike and the preparation and evidence of support from #GetUp.It looks like a generation of students is being trained to be and identify with left-wing political activism. Would they strike for #freespeech?
https://www.abc.net.au/news/2019-03-15/students-walk-out-of-class-to-protest-climate-change/10901978
#AusPol #Wages #MinimumWage
Scott Morrison is claiming that Labors Minimum Wage policy, which calls for an undefined living wage, would cost jobs. As a small business owner, I can relate to the challenges with keeping people employed and the significant impact wages have on your bottom line.
#AusPol #ConsumerConfidence #Housing
Matt Barrie the CEO of Freelancer warns that the Australian Housing market may never recover and highlights the simplicity of the Australian Economy. Interested by this, I find out how the complexity of the Australian economy compares to the test of the world and it is embarrassing.
Our Housing Market May Never Recover https://www.news.com.au/finance/economy/australian-economy/housing-market-may-never-recover-from-downturn-expert-warns/news-story/e65644df8cf03bb045055ef1dba5736b
Australia’s Economy is a House of Cards
https://www.linkedin.com/pulse/australias-economy-house-cards-matt-barrie/
Economic Complexity Rankings
https://atlas.media.mit.edu/en/rankings/country/eci/
#AusPol #ConsumerConfidence #Housing
Consumer confidence is down and the housing crash is potentially to blame, are interest rate cuts on the horizon? I look at the recent update from Reuters and learn about how the consumer confidence index is measured.
UPDATE 3-Souring consumer mood in Australia may prompt RBA rate cut soon
https://www.reuters.com/article/australia-economy-consumersentiment/update-1-australia-slowdown-housing-crash-hit-consumer-confidence-in-march-survey-idUSL3N21003K
Australia Consumer Confidence
https://tradingeconomics.com/australia/consumer-confidence
#Banking #Housing #HousingCrash
I look at a recent AFR article in which Westpac CEO Brian Hartzer claims that banks are not to blame for the housing crash. Seemingly ignoring recent evidence from Melbourne land sales.
Westpac CEO Brian Hartzer says banks ‘not to blame’ for house slump
https://www.afr.com/business/banking-and-finance/westpac-ceo-brian-hartzer-says-small-business-hurt-by-lending-crackdown-20190130-h1anog
#Banking #Construction #Housing
I look at a recent article in the Herald Sun about Banks changing lending criteria killing new housing projects. Which seems to disagree with recent comments from the RBA.
Banks short-change buyers, force lots of land back up for sale
#AusPol #Construction #Housing
The RBA is blaming the housing crash on Population Growth and Slow Builder while negating the influence of lending capacity.
Reserve Bank says population growth, slow building to blame for property boom and bust
#AusPol #Construction #Housing
I look at a recent article exploring the claims by Economist Lindsay David that we are already in the second stage of a housing crash. What are you doing to prepare?
‘Let the bloodbath begin’: House prices in Sydney and Melbourne ‘could halve’ in worst crash since 1890s
https://www.news.com.au/finance/economy/australian-economy/let-the-bloodbath-begin-house-prices-in-sydney-and-melbourne-could-halve-in-worst-crash-since-1890s/news-story/5918ea13042d5f819cb13c77629f060a
David Murray warns of 1890s housing crash depression
https://www.macrobusiness.com.au/2017/04/david-murray-warns-of-1890s-housing-crash-depression/
#AusPol #Construction #SmallBusiness
I discuss a recent article from the ABC about the decline in employment in the construction industry and reduced wage growth. From reading the article it appears that some of the analysts have never experienced the challenges of running a small business.
Businesses undermine the Reserve Bank’s hope of wage rises for workers