Categories
Economy

Cost of Living Increases

#CPI #Living #HeiseSays Cost of living is increasing. References Inflation edges up taking some heat off the RBA to cut interest rates https://www.abc.net.au/news/2019-10-30/inflation-edges-up-taking-some-heat-off-rba-to-raise-rates/11652388?section=business

Categories
Political Commentary

Australia to grow to 30 million

#Australia #Population #HeiseSays Australia’s population will continue to grow to 30 million people by 2030. References

Categories
Economy Recession

Australia’s Three Recessions

#Recession #Economy #Australia The US is calling Australia out on our three hidden recessions. References https://www.stlouisfed.org/on-the-economy/2019/september/australia-28-year-expansion

Categories
Economy

Inflation and Housing

#Inflation #Housing #Australia Existing housing purchases are not included in CPI. How would our inflation rate look if it were included? References Inflation data ‘very poor’ cost of living measure due to house price exclusionhttps://mobile.abc.net.au/news/2017-04-20/inflation-data-suffers-from-exclusion-of-housing/8457718 Shadow Government Statisticshttp://www.shadowstats.com/alternate_data/inflation-charts Housing affordability in Australiahttps://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/pubs/BriefingBook45p/HousingAffordability

Categories
Economy

Is Australia in a Depression?

#Australia #Economy #Depression Let’s look at the numbers and see if Australia meets Keynes’ definition of a depression. References

Categories
Political Commentary

Blaming Consumers for the Economy

#Economy #Recession #Consumption Consumers are being blamed for worsening economic conditions. But can people be blamed because while our costs of living have increased wage growth has been virtually non-existent? https://youtu.be/cjZK4gd9pSM References How a consumer go-slow and a pile of debt is killing the economy https://www.abc.net.au/news/2019-09-08/economy-grinds-down-as-consumers-keep-their-wallets-shut/11487524?section=business

Categories
Economy

Reporting Australia’s $10,000 Cash Ban

#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 […]

Categories
Economy

JB Hi-Fi Bucks the Retail Recession

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

Categories
Economy

Australia’s Unemployment Rate is set to Rise

#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

Categories
Economy

Make your submission – Australia’s Cash $10000 Ban

#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