Categories
Economy

Empty Shelves Signal the Retail Recession

#Retail #Recession #Economy #HeiseSays Empty shelves and failed departments stores signal the growth of the retail recession. For a sector that employed nearly 10% of the Australian workforce, this is a big concern. References Empty shelves as Debenhams’ sole Australian department store prepares for the end https://www.news.com.au/finance/business/retail/empty-shelves-as-debenhams-sole-australian-department-store-prepares-for-the-end/news-story/3d09c7306e83b09b26537b516a0e53f4 Retail Trade http://lmip.gov.au/default.aspx?LMIP/GainInsights/IndustryInformation/RetailTrade

Categories
Economy Recession

Global Recession Fears

#Recession #Trade #Economics #HeiseSays Fears of a global recession grow. References ASX tumbles $74b in two days over global recession fears https://www.abc.net.au/news/2019-10-03/asx-tumbles-3pc-in-two-days/11570156?section=business

Categories
Economy Recession

Aussie Dollar Hits Decade Low

#RBA #CashRate #Australia #HeiseSays The Australian Dollar has dropped to a decade low. References Dollar hits decade low after RBA cuts rate to 0.75pc to head off rising unemployment https://www.abc.net.au/news/2019-10-01/rba-cuts-rate-to-new-low-of-0.75pc/11562908?section=business https://tradingeconomics.com/australia/currency

Categories
Economy Recession

Another RBA Rate Cut

#RBA #RateCut #CashRate Another RBA rate cut is predicted, will it help the economy or has monetary policy depleted its effectiveness? References Just how much of the RBA rate cut will end up in your pocket? https://www.abc.net.au/news/2019-09-29/full-rba-cut-will-not-be-passed-on-by-banks-what-will-you-get/11547510?section=business

Categories
Political Commentary

Government Guarantees will Drive Up Housing

#Housing #Affordability #Australia Government guarantees have the potential to drive up housing. References guarantees likely to push up house prices, economists warn https://www.domain.com.au/news/first-home-buyer-deposit-guarantees-likely-to-push-up-house-prices-economists-warn-836969/

Categories
Economy Housing Crash Property

Australia’s Unaffordable Housing

#Housing #Affordability #Australia Housing Affordability is a huge problem in Australia and will dampen hopes that soaring housing prices will save the Australian economy from recession. References House ownership is out of reach for ‘disenfranchised’ millennials, says CoreLogic property analysts https://www.abc.net.au/news/2019-09-28/disenfranchised-millennials-property-ownership-unaffordable/11555420?section=business Housing affordability in Australia https://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/pubs/BriefingBook45p/HousingAffordability

Categories
Economy

Soaring House Prices will Save the Economy

#Economy #Houing #Recession Frydenberg pins hope on soaring Housing Prices to save the economy. References Treasurer Josh Frydenberg is ‘optimistic’ soaring house prices will get the Australian economy roaring again, but experts aren’t sold https://www.businessinsider.com.au/treasurer-josh-frydenberg-house-prices-property-market-rba-2019-9?fbclid=IwAR1nu0cFAt13shSTNJPv-cxiMlAa_m3l8IslYsNb-24Rw9Ax9dozcH0SPSo

Categories
Economy Recession

Petrol Prices Soar

#Recession #Economy #Petrol Petrol prices soared recently in Australian and have remained high. References Petrol prices stay high despite global oil prices falling to pre-attack levelshttps://mobile.abc.net.au/news/2019-09-27/petrol-prices-stay-high-despite-oil-falling-to-pre-attack-level/11549550?section=business

Categories
Economy Recession

Household Spending Surges

#Recession #Economy #Australia Surprisingly household spending intentions are looking up. A temporary blip or a change in trend? Household Spending Intentions Series. September 2019 https://www.commbank.com.au/content/dam/commbank-assets/business/insights/2019-09/cba-hsi-sep19.pdf

Categories
Economy Recession

Australia’s Hidden Recession

#Recession #Economy #Australia Former Treasurer Peter Costello believes Australia has been in a hidden recession. References Has Australia had a hidden recession? Peter Costello thinks so https://au.finance.yahoo.com/news/has-australia-had-a-hidden-recession-peter-costello-thinks-so-011830750.html