Categories
Finance

Banks Policing Morals

Why are our banks acting as morality police and corporate virtue signalling?

Categories
Finance

Westpac Accused Of Money Laundering

Westpac has been accused of money laundering. Yep, we really need that cash ban.

Categories
Economy Finance Recession

Banks Selling Debt

Banks are changing the way they are selling debt to collection agencies.

Categories
Political Commentary

Tradies in Recession

Is a sharp decline in Ute sales, combined with the prolonged fall in building approvals signalling a tradie recession?

Categories
Economy Finance

Warnings for the Australian Economy

#Economy #Australia #HeiseSays Successful investor Dr El-Erian has some concerns about the future for the Australian Economy. References When Mohamed El-Erian speaks, Wall Street listens — and he says a crash is coming https://www.abc.net.au/news/2019-11-13/crash-is-coming-says-influential-investor-mohamed-el-erian/11700696?section=business

Categories
Finance

Banks Freeze Accounts

#Finances #Banks #HeiseSays Banks are acting as moral police and freezing accounts and banning clients. References Bank of Queensland ‘reviewing’ no tattoo parlour policy after Gold Coast artist’s accounts frozen https://www.news.com.au/finance/business/banking/bank-of-queensland-reviewing-no-tattoo-parlour-policy-after-gold-coast-artists-accounts-frozen/news-story/dd0dc298ff50601bd062af681b0a6541

Categories
Economy Finance

NAB Profit Plunges

#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

Categories
Economy Recession Retail

Retail Levels Crash

#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

Categories
Economy

Secret Eftpos fees

#Eftpos #Australia #HeiseSays Eftpos transaction fees are being passed onto consumers with greater frequency. Luck we still have cash….oh. References

Categories
Economy

Is China heading for a Recession?

#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