Heise Says
#Australia #GDP #Recession Economists are predicting another reduction in Australia GDP growth this quarter. Let’s see if the RBA forecasts are incorrect once again? https://youtu.be/BooLsvLSgvE References GDP to take another step down, but how low will it go?https://www.abc.net.au/news/2019-09-01/gdp-to-take-another-step-down-but-how-low-will-it-go/11462508?section=business
#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
#RBA #Recession #QuantitativeEasing The RBA might deploy extreme measures to help stimulate the economy. References ‘We’re almost out of ammo’: Reserve Bank considering ‘extreme measures’ to save the economy https://www.news.com.au/finance/economy/interest-rates/were-almost-out-of-ammo-reserve-bank-considering-extreme-measures-to-save-economy/news-story/cf5a1247f66ea014db045e815b67f89f
#RBA #CashRate #Australia Nearly 90% of Australians don’t know what the cash rate is. A sign of lack of interest in financial news or failure of our education system? References https://www.news.com.au/finance/economy/interest-rates/most-australians-dont-know-what-the-official-cash-rate-is/news-story/825f4c8dc94cbcc26813f583aaf61ee3
#RBA #Economics #Australia Reserve Bank Governor Dr Philip Lowe Faced the Parliamentary Economics Committee in Canberra and was challenged on the recent rate cuts and the future of the Australian economy. The more I learn about Monetarism, the less confidence I have. References https://www.news.com.au/finance/economy/interest-rates/rba-accused-of-giving-up-on-stimulating-the-economy/news-story/f5f6ccf7ace28878b9c03404f9b89b82
#APRA #BankBail-In #Bail-In Bank Bail-Ins is a drastic measure that seems to punish savers while absolving bankers of risky and foolish behaviour. Let’s look at what a bail-in is and the human cost from the Cyprus Experiment in 2013. Then ask yourself if you trust our leaders in Australia that are telling us not to […]
#RBA #InterestRate #CashRate The RBA has kept the cash rate unchanged at 1.00%. While our Reserve Bank Governor, Philip Lowe, states that the global economy remains reasonable and predicts growth for Australia, I am wondering if he is in a Monetarism bubble? References https://rba.gov.au/media-releases/2019/mr-19-20.html
#NegativeInterestRates #Recession #Australia The prospect of Deeply Negative Interest Rates is becoming a reality with a highly cashless society. Let’s re-look at a recent IMF blog post about this issue to help raise awareness of every Monetarist dream. References Currency (Restrictions on the Use of Cash) Bill 2019 https://www.treasury.gov.au/consultation/c2019-t395788 SIT Black Money Report: Here are […]
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
#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