Tag: Recession

Make your submission – Australia’s Cash $10000 Ban

Post author By Heise Says
Post date 11/08/2019

#CashLimit #AusPOL #$10,000 The Australian government is proposing to limit cash transaction to $10,000 or less to reduce the black market, make sure you get your submission to Treasury before the deadline on the 12 August 2019. References John Adam’s – https://www.adamseconomics.com/post/cash-transaction-ban-consultation-submission-john-adams?fbclid=IwAR0bwG9IHoyRHoy4KaTklKjQ6QyNS2VNbD9cAlmRaF_LgRIxm_RmX6lBff0 My Submission – https://says.heise.com.au/contacting-the-house-of-reps-about-the-restrictions-on-the-use-of-cash/ Treasury – https://www.treasury.gov.au/consultation/c2019-t395788

Tags $10000 Limit, ABS, Australia, Australian Limit, Cash Limit, Cashless, Cost of Living, Economics, Economy, Financial Stress, IMF, Inflation, Petrol, Recession, Wage Growth

Economy

Australia’s Retail Recession Worsens

Post author By Heise Says
Post date 11/08/2019

#Recession #Retail #Kmart K-Mart’s sales figures have declined, signalling a worsening of Australia’s Retail Recession. What will happen when Amazon starts to take off in Australia? References https://www.news.com.au/finance/business/retail/retail-sector-in-recession-warning-signs-for-kmart-big-w-myer-and-david-jones/news-story/22b6d944bb3d82fc6d93437d433c04b6

Tags Amazon, Australia, consumer confidence, Empty Shops, Kmart, Recession, Retail, Shopping

Political Commentary

Sydney Rental Returns Plummet

Post author By Heise Says
Post date 06/08/2019

#Sydney #Investment #Property Due to increasing vacancy rates, Sydney rental returns have plummeted and become a tenants market. But surely it’s still a great time to rush and buy off the plan! References Sydney becomes tenant’s dream as rental vacancies at highest level since 2005https://www.perthnow.com.au/lifestyle/real-estate/sydney-becomes-tenants-dream-as-rental-vacancies-at-highest-level-since-2005-ng-aaff1c8db20e6fe1d991ea82e3946434 Domain Rental Vacancy Rate May 2019: Tide turning in Brisbane […]

Tags Investment, Plummeting Return, Property, Rate, Recession, Rental Return, Sydney

Economy

Negative Interest Rates

Post author By Heise Says
Post date 05/08/2019

#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 […]

Tags Australia, Business, Business Trading, Chicago School of Economics, Confidence, consumer confidence, Economy, IMF, Main Street, Monetarist, Negative Interest Rate, RBA, Recession, Retail Recession, Shopping, Trading

Political Commentary

Australia’s Retail Recession Grows

Post author By Heise Says
Post date 05/08/2019

#Retail #Recession #Australia Australia’s retail recession continues to grow with a huge David Jones write down in value. Let’s look at some indices and anecdotes about Mainstreet. References David Jones value cut by another $437 million as Australian ‘retail recession’ hits hard https://www.news.com.au/finance/business/retail/david-jones-value-cut-by-another-437-million-as-australian-retail-recession-hits-hard/news-story/5f23466fb5a0a4c45ef658435ae581e5

Tags Australia, Business, Business Trading, Confidence, consumer confidence, Economy, Main Street, Recession, Retail Recession, Shopping, Trading

AUSPol Economy

Contacting the House of Reps about the Restrictions on the Use of Cash

Post author By Heise Says
Post date 04/08/2019

#AusPOL #HouseofReps #CashLimit What better way to spend a Sunday night than to try and contact every member of the House of Representatives informing them of my concerns with the Draft Currency (Restrictions on the Use of Cash) Bill 2019. Watch and join in as well, let’s flood them with concern so they all pay […]

Tags $10000 Limit, ABS, Australia, Australian Limit, Cash Limit, Cashless, Cost of Living, Economics, Economy, Financial Stress, IMF, Inflation, Negative Interest Rates, Petrol, Recession, Wage Growth

Australia 108 Construction

Dodgy Construction at Australia 108 leads to creaking

Post author By Heise Says
Post date 03/08/2019

#Defects #Australia108 #Australia The Australia 108 Apartment in Melbourne making loud creaking noises due to incorrect construction techniques. A foreshadowing? References https://www.theage.com.au/national/victoria/incorrect-construction-techniques-behind-loud-creaking-in-melbourne-high-rise-20190730-p52c5q.html?fbclid=IwAR131U_EP5r2uBJ74btWgV1Gzn2zxGKaLyMEVno6u-58lQctM7SNVJtTdks

Tags Australia, Canada, Construction, Creking, Economic Crash, Economic Fall, Hosuing, housing bubble, housing crash, Melbourne, Melbourne108, New Zealand, Noise, Property, Recession, Sound, Sydney

Construction Economy The Ralan Group

Ralan Group Spent Everyone’s Deposits

Post author By Heise Says
Post date 02/08/2019

#RalanGroup #Employment #Recession It appears that the Ralan Group may have spent the deposits of people who purchased off the plan. References Most off-plan deposits for Ralan units ‘have been spent’ https://www.realestate.com.au/news/most-offplan-deposits-for-ralan-units-have-been-spent/

Tags Apartments, Australia, Buying off the Plan, Construction Issues, Defects, Development, Economic Issues, Investment, Mascot, Opal, Property, Property Growth, Ralan Group, Real Estate, Recession, Sydney, Unit Development

Construction Economy

100,000 Construction Sector Job Losses

Post author By Heise Says
Post date 02/08/2019

#Construction #Employment #Recession Economists are predicted that 100,000 construction jobs are set to be lost. This will certainly have an impact on the wider economy and our unemployment rate. References https://thenewdaily.com.au/money/finance-news/2019/07/30/building-approvals-decline-construction-jobs/

Tags 100000 Job Loss, Australia, Builders, Construction, Development, Recession, Tradies, Unemployment

Construction Economy

Australian Unit Developers Crashing

Post author By Heise Says
Post date 02/08/2019

#Construction #Development #Recession Australian Developers are starting to crash and this will have ripple effects throughout the economy. Construction jobs are at risk and yet people are still suggesting we should rush off and buy off the plan? References Construction industry cracks showing as Ralan Group goes under https://www.abc.net.au/news/2019-08-01/construction-industry-cracks-showing-as-major-developer-falls/11374464

Tags Australia, Construction, Development, Melbourne, Property Development, Ralan Group, Recession, Stellar Group, Sydney, Unit Development