Categories
Economy

Retailers Closing For Good

More discussion of some retailers closing for good after the lockdown.

Categories
Economy

ME Bank “Bailing-In” Home Loans

Members Equity Banks is “Bailing-In” home loan redraws.

Categories
Economy

Stock Market Loses 5% in one day

The stock market fell 5% on Friday.

Categories
Economy

Negative Interest Rates Arrive

Deutsche Bank Introduces Negative Interest Rates for retail customers.

Categories
Economy Housing Crash

Restarting the Housing Bubble

#Housing #Bubble #Economy #HeiseSays Quantitative Easing and Negative Interest Rates could potentially restart the Australian Housing Bubble. References https://www.businessinsider.com.au/australia-housing-bubble-rba-negative-interest-rates-qe-2019-10

Categories
Economy

Negative Interest Rates are Irrational

#InterestRates #NegativeInterest #Recession Negative Interest Rates are irrational, let’s look at the Austrian perspective. References Negative Interest Rates are the Price We Pay for De-Civilization

Categories
Economy Recession

Unemployment Rate Rises in August

#Unemployment #Underemployment #Recession Australia’s unemployment rate has risen in August to 5.3% despite the RBA’s hopes and dreams. References Unemployment keeps rising to 5.3 per cent in Augusthttps://www.abc.net.au/news/2019-09-19/unemployment-continues-to-rise-hitting-5.3-per-cent-in-august/

Categories
Economy

More talk of Negative Interest Rates

#Economy #NegativeInterestRates #RBA Talk of Negative interest rates is appearing more frequently in Australia media. References Reserve Bank may slash rates to 0.25 per cent, but ‘reluctant’ to dip into negative territory https://www.abc.net.au/news/2019-09-14/rba-interest-rate-cuts/11510102?section=business

Categories
Construction Economy

Attacking Small Business to Justify the Cash Ban

#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 […]

Categories
Economy Property

Low Interest Rates On the way to negative

#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