Banks are beginning to prepare for negative interest rates by exploring the implications on their IT infrastructure.
Tag: Interest Rates
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Architecture Fees Crash
#Architecture #Fees #HeiseSays Let’s talk about the fees for my profession. References Time to ‘get out’: Architects pay hit by slump https://www.afr.com/property/commercial/time-to-get-out-architects-pay-hit-by-slump-20191015-p530rg
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Housing Prices Rise
#Housing #RealEstate #HeiseSays Housing prices have risen in Melbourne and Sydney so naturally, this means the marketing is turning around. Perhaps it’s time to discuss other factors that might be affecting property prices. Watch on Bitchute Watch on Facebook References Australia’s house prices have rebounded by up to $3000 a week https://www.news.com.au/finance/real-estate/buying/australias-house-prices-have-rebounded-by-up-to-3000-a-week/news-story/cdda6724b73cda866da20fa39908427f
#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
#CashBan #Australia #ATO Small Businesses are being framed in a negative light to justify the cash ban and the path to negative interest rates. Naturally only by people who would not appreciate the challenges small businesses face. References IBM, Atlassian, Schneider avoided paying the Australian Taxation Office in 2016 https://www.crn.com.au/news/ibm-atlassian-schneider-avoided-paying-the-australian-taxation-office-in-2016-479382 Small business ‘tax gap’ costing […]
#InterestRates #RBA #NegativeInterestRates Are low interest rates here to stay or simply part of the journey towards negative interest rates? References Record low interest rates are here to stay, and may even sink lower, economists predict https://www.abc.net.au/news/2019-08-27/interest-rates-predicted-to-stay-low-economists/11450918?section=business
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ABC Discusses Negative Interest Rates
#CashBan #IMF #NegativeInterestRates It’s good to see that the ABC is beginning to report and discuss the prospect of negative interest rates, with reference to IMF research. References Banning cash so you pay the bank to hold your money is what the IMF wants https://www.abc.net.au/news/2019-08-26/cash-ban-so-you-pay-the-bank-to-hold-your-money-what-imf-wants/11443646
#Housing #RealEstate #Property The media is arguing that housing prices “have hit the floor” due to a 0.1% month on month increase in national prices. At the same time, the US has decreased interest rates, which will have an effect on our largest trading partner, a huge Sydney developer has gone bust and Australian’s are […]
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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
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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