#BigW #Recession #Unemployment Big W, which lost $110 million, is closing 30 stores over the next three years. Do we still believe unemployment isn’t increasing? References
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Big W Store Closures
Tag: Recession
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Consumer Confidence Drops
#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
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Australia is in Recession
#Australia #AusPOL #Recession GDP Per Capita has declined in Australia for the last two quarters, so for all intents and purposes, we are in a recession for the first time in 27 years. Our politicians need to use the R-word before the RBA starts playing with QE or negative interest rate. Perhaps some infrastructure projects […]
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Deutsche Banks is only the first
#DeutscheBank #Equity #Investment With Deutsche Bank firing 18,000 people one must ask, is this only the beginning? How will it affect the Australian banking sector?
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Is the Market Predicting a Recession
#ASX #AusPOL #CashRate Both Equity and Bonds are rallying and analysis split over an impending market correction. Is this just smart investors moving funds into the equities market and hedging their bets or is the bond rally and market confusion a sign of impending recession? References Bonds https://www.asx.com.au/products/bonds.htm Trading View https://www.tradingview.com/chart/?symbol=ASX%3AXAO Share market correction may […]
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Deutsche Bank Fires 18,000
#DeutscheBank #Equity #Investment Deutsche Bank has fired 18,000 and closed the equity division reducing the range of services they can provide their clients. Is this a sign of a troubled future for the bank and what are the implications for Australia? References Deutsche Bank axes 18,000 staff around the world, including Sydney, New York and […]
#Recession #UnderEmployment #Unemployment Australia’s unemployment rate has remained steady at 5.2%. While that might sound like good news, it is masking an increase in our underemployment rate and part-time work due to the election. References Unemployment remains steady at 5.2pc despite an extra 42,300 jobs https://www.abc.net.au/news/2019-06-13/unemployment-remains-steady-despite-extral-42000-jobs/11205060?section=business
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Australia’s Retail Recession
#Recession #Retail #NAB Recent NAB survey data indicates that while business confidence is up Australia’s retail sector is in recession the list of which have not been seen since the GFC. While many are hoping the recent RBA rate cut will help stimulate the economy, I think consumer confidence might be different. References NAB business […]
#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