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

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

Categories
Economy Recession

Tax Returns to Save the Economy

#Economy #Recession #RBA The RBA is hoping that tax returns will save the Australian economy. References Australians reap tax refunds worth $17.4 billion, as RBA signals tax cuts will boost https://www.abc.net.au/news/2019-09-26/australians-reap-tax-refunds-worth-$17.4-billion/11548186?section=business

Categories
Economy

Cold Rock Stores Closing

#Retail #ColdRock #Recession Cold Rock Ice Creamery stores are closing abruptly. A clear example of the challenges facing small business in the retail sector. References Two Queensland Cold Rock stores close amid rising cost pressures https://www.news.com.au/finance/business/retail/two-queensland-cold-rock-stores-close-amid-rising-cost-pressures/news-story/18ac6dcc7c75efb443d63f13c70ba933

Categories
Economy

Is Australia in a Depression?

#Australia #Economy #Depression Let’s look at the numbers and see if Australia meets Keynes’ definition of a depression. References

Categories
Political Commentary

Blaming Consumers for the Economy

#Economy #Recession #Consumption Consumers are being blamed for worsening economic conditions. But can people be blamed because while our costs of living have increased wage growth has been virtually non-existent? https://youtu.be/cjZK4gd9pSM References How a consumer go-slow and a pile of debt is killing the economy https://www.abc.net.au/news/2019-09-08/economy-grinds-down-as-consumers-keep-their-wallets-shut/11487524?section=business

Categories
Economy Property Recession

Stockland’s $1 billion Retail Selloff

#Stockland #Recession #Retail Stockland is halfway through a $1 billion dollar divestment or selloff of their non-core retail portfolio. Certainly an indication of where the smart money is moving and perhaps a sign of the medium-term retail future for Australia? References STOCKLAND FY19 RESULT – FOCUS ON SUSTAINABLE RETURNS http://clients3.weblink.com.au/pdf/SGP/02136031.pdf