Categories
Economy Recession

Business Investment Declines

Business investment declines counter to all desires of the RBA.

Categories
Economy

Holden Workers Struggle To Find Work

Holden workers struggle to find work years after industry closure.

Categories
Economy

Australia the Innovation Nation

Australia #Technology #HeiseSays Australia claims to be an innovative nation while having a very primitive economy. References Is Australia an innovation nation or beneficiary of dumb luck? https://mobile.abc.net.au/news/2019-11-02/australia-rich-and-dumb-or-an-innovation-nation/11657984?section=business

Categories
Economy

Gold Coast’s Population Boom

#PopulationGrowth #GoldCoast #HeiseSays Gold Coast’s population is expected to grow by 350,000. The only concern seems to be with the loss of character for the Gold Coast with no mention of employment or infrastructure issues? References Gold Coast has ‘lost its mojo’ as development and population boom throws character into question https://www.abc.net.au/news/2019-10-18/gold-coast-lost-mojo-development-throws-character-into-question/11594642

Categories
Economy Recession

Consumer Sentiment Plunges

#Business #Recession #Economy #HeiseSays Consumer sentiment hits a four year low. References https://www.westpac.com.au/content/dam/public/wbc/documents/pdf/aw/economics-research/er20191009BullConsumerSentiment.pdf

Categories
Economy Recession

Business Confidence Declines

#Business #Recession #Economy #HeiseSays The latest NAB Business Confidence survey shows another decline in business confidence. References https://business.nab.com.au/nab-monthly-business-survey-september-2019-36962/

Categories
Economy Recession

Media Encouraging Quantitative Easing

#QuantitativeEasing #Recession #Economy #HeiseSays Is the media preparing people for Quantitative Easing? References https://www.abc.net.au/news/2019-10-07/rba-interest-rates-approach-zero-quantitative-easing/11574590?section=business

Categories
Economy

Empty Shelves Signal the Retail Recession

#Retail #Recession #Economy #HeiseSays Empty shelves and failed departments stores signal the growth of the retail recession. For a sector that employed nearly 10% of the Australian workforce, this is a big concern. References Empty shelves as Debenhams’ sole Australian department store prepares for the end https://www.news.com.au/finance/business/retail/empty-shelves-as-debenhams-sole-australian-department-store-prepares-for-the-end/news-story/3d09c7306e83b09b26537b516a0e53f4 Retail Trade http://lmip.gov.au/default.aspx?LMIP/GainInsights/IndustryInformation/RetailTrade

Categories
Political Commentary

Construction Industry Collapses

#Economy #Recession #Construction The NSW construction industry is collapsing with the largest number of bankruptcies since 2015. References Stamp duty crash wipes $2.5b from NSW Budget Construction companies in NSW collapsing at record rate as building slowdown biteshttps://www.abc.net.au/news/2019-09-26/nsw-construction-companies-liquidated-in-record-numbers/11512002?section=business Housing fall blows $5.2bn hole in Victorian budgethttps://www.theaustralian.com.au/nation/politics/housing-fall-blows-52bn-hole-in-victorian-budget/news-story/b3f8bedafa7ad255572e1c3f859a9751

Categories
Economy

Australia’s Declining Living Standards

#Recession #Australia #LivingStandards Australian living standards are declining in relation to other OECD counties. So now is naturally the time to take on a huge mortgage and buy a new home! References Australia managed to survive the global recession – but all that good work has been wasted https://www.theguardian.com/business/grogonomics/2019/aug/29/australia-managed-to-survive-the-global-recession-but-all-that-good-work-has-been-wasted