Sydneysiders Anxious about their Finances.
Mortgage approvals have surged.
This is only the beginning of the recession.
#CashBan #Australia #Money The ABC and SBS are finally reporting about the proposed cash transaction ban, 8 day’s after the due date for submissions to the treasury. What is the point? References Currency (Restrictions on the Use of Cash) Bill 2019 https://www.treasury.gov.au/consultation/c2019-t395788 Paying more than $10,000 in cash could make you a criminal under proposed […]
Unemployment #Recession #Retail JB Hi-Fi has bucked the trend and avoided the impact of the retail recession. A turn-around or simply a result of their product brand a people naively spending a tax-cut like a handout? References JB Hi-Fi announces strong profit, despite bleak retail conditions https://www.abc.net.au/news/2019-08-12/jb-hi-fi-results-profit-tough-retail-sector/11404608?section=business
#Unemployment #Recession #Economy Market Economists are predicting Australia’s Unemployment rate will rise late this week. That would seem to align with the recent news about the retail recession that is underway. References Wage and unemployment numbers set to pressure RBA to cut interest rates again https://www.abc.net.au/news/2019-08-11/interest-rates-under-pressure-again-from-wage-jobs-figures/11398864?section=business Roy Morgan Employment Estimates (1999-2019) https://www.roymorgan.com/morganpoll/unemployment/estimates-detailed
#CashLimit #AusPOL #$10,000 The Australian government is proposing to limit cash transaction to $10,000 or less to reduce the black market, make sure you get your submission to Treasury before the deadline on the 12 August 2019. References John Adam’s – https://www.adamseconomics.com/post/cash-transaction-ban-consultation-submission-john-adams?fbclid=IwAR0bwG9IHoyRHoy4KaTklKjQ6QyNS2VNbD9cAlmRaF_LgRIxm_RmX6lBff0 My Submission – https://says.heise.com.au/contacting-the-house-of-reps-about-the-restrictions-on-the-use-of-cash/ Treasury – https://www.treasury.gov.au/consultation/c2019-t395788
#AusPOL #HouseofReps #CashLimit What better way to spend a Sunday night than to try and contact every member of the House of Representatives informing them of my concerns with the Draft Currency (Restrictions on the Use of Cash) Bill 2019. Watch and join in as well, let’s flood them with concern so they all pay […]
#CashLimit #AusPOL #$10,000 The Australian government is proposing to limit cash transaction to $10,000 or less to reduce the black market. Let’s look at an overview of their proposal an then the potential implications with regards to negative interest rates and recent IMF research. References Currency (Restrictions on the Use of Cash) Bill 2019 https://www.treasury.gov.au/consultation/c2019-t395788 […]
#Petrol #Recession #Economy The latest Australian Consumer Price Index data has been released and petrol has increased by 10% in Australia. A sign that our costs of living are increasing? References 6401.0 – Consumer Price Index, Australia, Jun 2019