Categories
Economy Recession

US Manufacturing Orders Fall

#Economy #Recession #HeiseSays US Manufacturing orders fall while the S&P 500 reaches an all-time high. References Wall Street closing at a record-high prompts warnings that it could be another false dawnhttps://mobile.abc.net.au/news/2019-11-03/green-shoots-emerge-global-economy-not-for-first-time/11664014

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

Germany’s Manufacturing Recession

#Germany #Recession #Manufacturing Germany’s manufacturing sector is in recession. References ASX to fall, European stocks fall as German manufacturing recession deepens https://www.abc.net.au/news/2019-09-24/wall-street-european-markets-germany-manufacturing-recession/11541368?section=business

Categories
Economy

Australian Manufacturing Slowdown

#Recession #Manufacturing #Australia The Commonwealth Bank Manufacturing PMI is showing that Australia’s manufacturing sector continues to slow down. Not a good sign. https://youtu.be/7SgKDKXmHYs References Manufacturing slowdown continues in Augusthttps://www.commbank.com.au/content/dam/commbank/assets/corporate/research/pmi/manufacturing_pmi-aug-2019.pdf

Categories
Economy

Nissan Cuts 10,000 Jobs

#Nissan #Recession #Manufacturing Nissan has cut globally cut 10,000 jobs. Another sign of global manufacturing slowing down which will have an understandable impact on the Australian economy. References Nissan to Deepen Job Cuts to 10,000 Worldwide, Kyodo Sayshttps://www.bloomberg.com/news/articles/2019-07-23/nissan-to-cut-an-additional-5-200-jobs-globally-kyodo-reports

Categories
Economy

The Public Sector Will Save the Economy

#AusPOL #Recession #Crash 8 out of 10 jobs in the last year were created in the Public Sector. Surely a sign that everything is fine with the economy and that the Public Sector will save us all. References Public sector propping up employment and the economy, analysts say https://www.abc.net.au/news/2019-07-23/jobs-growth-dominated-by-public-sector/11334294?section=business

Categories
Economy

Global Manufacturing is Crashing

#Manufacturing #Recession #Crash Global Manufacturing is crashing, with the German sector already in recession. Let’s look at the impact on the Australia economy. References Manufacturing is in retreat, threatening to take the global economy down with it https://www.abc.net.au/news/2019-07-21/manufacturing-retreats-threatening-to-take-global-economy-down/11325860?section=business