The failure of a $1 billion solar plant is another example of why government infrastructure spending is a terrible idea.
Cashless Aussies are resorting to stealing and looting.
Consumers are actually leasing dogs.
#Retail #Shopping #HeiseSays Australians have spent big on Christmas and gone into debt. References One in three Australians start 2020 with a ‘Christmas debt hangover’ https://www.news.com.au/finance/money/costs/one-in-three-australians-start-2020-with-a-christmas-debt-hangover/news-story/1bcd02b3c7a51da4a2204bbf5e47cb0a
Will we sign up to the Belt and Road?
Greece is looking at fining people if they don’t spend 30% of their income electronically.
Discretionary spending has fallen and household saving is climbing. Looks like people are worried and getting prepared.
The government is bringing forward $3.8 billion worth of infrastructure spending in hopes of stimulating the economy.
#Retail #Recession #HeiseSays Retail levels have crashed to levels not seen since the 1990’s recession. References Retail slumps to ‘weakest’ level since 1990s recession as tax cuts fail to stimulate consumer spending https://www.theage.com.au/politics/federal/worrying-sign-retail-slumps-to-worst-performance-since-last-recession-as-jobs-weaken-20191104-p5378r.html?fbclid=IwAR3h2VWqEkoJQJPDUX36h12CN9x7UMbpKce448y28rwZjEpYBcymiA8l87M
#Eftpos #Australia #HeiseSays Eftpos transaction fees are being passed onto consumers with greater frequency. Luck we still have cash….oh. References