Categories
Economy Housing Crash

Media Pressuring First Home Buyers

#Economy #Housing #FirstHomeBuyer #HeiseSays First Home Buyers are being pressured because “Time is Running Out”. Once again I am very cynical. References First-home buyers in Sydney and Melbourne able to act quicker than ever, but time is running out https://www.news.com.au/finance/firsthome-buyers-in-sydney-and-melbourne-able-to-act-quicker-than-ever-but-time-is-running-out/news-story/c94988f60725546ca64f7a919ec211ef

Categories
Economy

Can the RBA Save the Economy?

RBA #AusPOL #CashRate Can the RBA save the Australian Economy? Does anyone still think they actually can? References ‘Four bullets left’ to save Economy https://www.news.com.au/finance/economy/australian-economy/four-bullets-left-to-save-economy/news-story/f79bd146f7e50b5b7f2c7d3faa84317c China second-quarter GDP growth slows to 27-year low as trade war bites, more stimulus seen https://www.reuters.com/article/us-china-economy-gdp/china-second-quarter-gdp-growth-slows-to-27-year-low-as-trade-war-bites-more-stimulus-seen-idUSKCN1U90P5

Categories
Economy

Consumer Confidence Drops

#Australia #AusPOL #Recession Consumer and Business confidence has dropped in Australia. Looks like back to back interest rate cuts didn’t fill people with confidence for some reason? Reference Consumers most pessimistic in two years, despite tax and interest rate cuts https://www.abc.net.au/news/2019-07-10/consumer-confidence-july-2019/11294948

Categories
Economy

Australia is in Recession

#Australia #AusPOL #Recession GDP Per Capita has declined in Australia for the last two quarters, so for all intents and purposes, we are in a recession for the first time in 27 years. Our politicians need to use the R-word before the RBA starts playing with QE or negative interest rate. Perhaps some infrastructure projects […]

Categories
Economy

Is the Market Predicting a Recession

#ASX #AusPOL #CashRate Both Equity and Bonds are rallying and analysis split over an impending market correction. Is this just smart investors moving funds into the equities market and hedging their bets or is the bond rally and market confusion a sign of impending recession? References Bonds https://www.asx.com.au/products/bonds.htm Trading View https://www.tradingview.com/chart/?symbol=ASX%3AXAO Share market correction may […]

Categories
Construction Economy Housing Crash

Foreign Investment Crashes in Australia

#ForeignInvestment #AusPOL #Housing Foreign Investment in Australian Real Estate and housing has crashed in recent years. Let’s look at how high it was and consider the implications it has had on housing prices and the quality of our housing stock. Did such rapid growth in foreign investment overheat our construction industry and are we going […]

Categories
Political Commentary

The RBA Cut Rates to 1%

#RBA #AusPOL #CashRate The Reserve Bank of Australia Board has decided to cut the cash reserve interest rate to a record low 1%. While they hope “it will make further inroads into the spare capacity in the economy”, I cynically believe it will weaken consumer confidence even more. References Statement By Philip Lowe, Governor: Monetary […]

Categories
Economy Housing Crash

Perth Housing Crashing

#Stimulus #AusPOL #Housing The West Australian government is hoping that a first home buyers stimulus will help stimulate their declining housing sector. With a short timeframe and a loosening of criteria, it seems like a desperate move, particularly with additional interest rate cuts on the way. References Stimulus starts as Perth house prices fall https://www.news.com.au/national/breaking-news/stimulus-starts-as-perth-house-prices-fall/news-story/c3288798c8540fb16d7f942d0cb56cf7

Categories
Economy

Future RBA Cuts to Crash Housing

#RBA #AusPOL #CashRate Ray Dalio is raising concern that a future RBA interest rate cut would damage our property sector. Who should we trust, the RBA or the Billionaire Hedge Fund Manager? Or should we all just buy crypto and metals? References https://www.news.com.au/finance/economy/interest-rates/billionaire-ray-dalio-claims-more-rba-rate-cuts-could-harm-property-market/news-story/eedc369cbe9d7452dbe935da5c37224c

Categories
Economy

Interest Rate Cut Winners and Losers

#RBA #AusPOL #CashRate Let’s look at the winners and losers from the recent interest rate cut. References Will you get the rate cut? Big banks announce plans https://www.news.com.au/finance/business/banking/anz-has-refused-demands-from-both-sides-of-politics-to-pass-on-the-reserve-banks-rate-cut/news-story/d028131c16fde5bb61aaa02256fd571c Winners and losers from interest rate cut