Cashless Aussies are resorting to stealing and looting.
Tag: Spending
Consumers Lease Dogs
Consumers are actually leasing dogs.
Australia’s Christmas Debt
#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
Australia Locked Into Belt and Road
Will we sign up to the Belt and Road?
Cashban Leading to Spending Fines
Greece is looking at fining people if they don’t spend 30% of their income electronically.
Discretionary Spending Falls
Discretionary spending has fallen and household saving is climbing. Looks like people are worried and getting prepared.
$3.8 Billion Infrastructure Injection
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
Secret Eftpos fees
#Eftpos #Australia #HeiseSays Eftpos transaction fees are being passed onto consumers with greater frequency. Luck we still have cash….oh. References
#Stimulus #Australia #Infrastructure Calls are being made for the government to increase stimulus spending. Are we in danger of our leaders falling for the broken window fallacy? References Calls for urgent stimulus led by ‘shovel-ready’ projects as economy loses momentum ‘quite quickly’ https://www.abc.net.au/news/2019-09-30/calls-for-urgent-stimulus-as-economy-loses-momentum/11558810 https://www.infrastructureaustralia.gov.au/search-priority-list-map