Heise Says
#RBA #AusPOL #CashRate The Reserve Bank of Australia Board has decided to cut the cash reserve interest rate to a record low 1%. While they hope “it will make further inroads into the spare capacity in the economy”, I cynically believe it will weaken consumer confidence even more. References Statement By Philip Lowe, Governor: Monetary […]
#Stimulus #AusPOL #Housing The West Australian government is hoping that a first home buyers stimulus will help stimulate their declining housing sector. With a short timeframe and a loosening of criteria, it seems like a desperate move, particularly with additional interest rate cuts on the way. References Stimulus starts as Perth house prices fall https://www.news.com.au/national/breaking-news/stimulus-starts-as-perth-house-prices-fall/news-story/c3288798c8540fb16d7f942d0cb56cf7
#RBA #AusPOL #CashRate Ray Dalio is raising concern that a future RBA interest rate cut would damage our property sector. Who should we trust, the RBA or the Billionaire Hedge Fund Manager? Or should we all just buy crypto and metals? References https://www.news.com.au/finance/economy/interest-rates/billionaire-ray-dalio-claims-more-rba-rate-cuts-could-harm-property-market/news-story/eedc369cbe9d7452dbe935da5c37224c
#RBA #AusPOL #CashRate Let’s look at the winners and losers from the recent interest rate cut. References Will you get the rate cut? Big banks announce plans https://www.news.com.au/finance/business/banking/anz-has-refused-demands-from-both-sides-of-politics-to-pass-on-the-reserve-banks-rate-cut/news-story/d028131c16fde5bb61aaa02256fd571c Winners and losers from interest rate cut
#RBA #AusPOL #CashRate Let’s look at Governor Philip Lowe’s Reserve Bank Board Dinner during which he discussed yesterdays extraordinary Interest Rate Cut. Given the amount of unexpected economic factors the board mention, does anyone have confidence in any of their modelling? References Today’s Reduction in the Cash Rate https://www.rba.gov.au/speeches/2019/sp-gov-2019-06-04.html
#AusPol #Budget #RateCut The RBA is predicted to make an interest rate cut tomorrow. Will it make any difference and will Australia avoid a recession or a housing crash? References With rate cuts and the real risk of a recession ahead, can Australia’s economic run of luck continue? https://www.abc.net.au/news/2019-06-03/rate-cuts-and-recession-can-our-luck-continue/11172000
#AusPol #Budget #Housing It appears that the Melbourne housing price crash has left a huge hole in the Victorian State Budget. While the natural response for a Labor government is to increase taxes, I am concerned that they didn’t foresee this issue. References Housing fall blows $5.2bn hole in Victorian budget https://www.theaustralian.com.au/nation/politics/housing-fall-blows-52bn-hole-in-victorian-budget/news-story/b3f8bedafa7ad255572e1c3f859a9751
#AusPol #InterestRate #Housing The RBA is looking at cutting Australia’s Cash Rate. Will an Interest Rate cut stop the housing crash? References Australian dollar headed for a fall as Reserve Bank mulls interest rates cut https://www.abc.net.au/news/2019-05-06/why-the-aussie-dollar-is-headed-for-a-fall/11081810?pfmredir=sm The Observatory of Economic Complexity https://atlas.media.mit.edu/en/profile/country/aus/ 6202.0 – Labour Force, Australia, Mar 2019 http://www.abs.gov.au/ausstats/abs@.nsf/0/6050C537617B613BCA25836800102753?Opendocument
#AusPol #Recession #MortgageDelinquencies Australian mortgage delinquencies are on the rise. This does not bode well for the economy and is another sign of the impending recession. References https://www.abc.net.au/news/2019-05-02/negative-equity-on-the-rise-as-house-prices-continue-to-fall/11061780
AusPOL #Recession #Australia I discuss five way’s people can prepare for the impending recession in Australia, with a bonus sixth way tacked onto the end of my video. Difficult times are not insurmountable and can be character building.