Government Considers Further Economic Measures.
Tag: Stimulus
The market plunged last night amid panic.
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Banyan Constructions Collapses
Canberra Builder, Banyan Construction has collapsed with $21 million in debt.
Cash handouts for everyone are back on the table.
#RBA #CashRate #Australia #HeiseSays The Australian Dollar has dropped to a decade low. References Dollar hits decade low after RBA cuts rate to 0.75pc to head off rising unemployment https://www.abc.net.au/news/2019-10-01/rba-cuts-rate-to-new-low-of-0.75pc/11562908?section=business https://tradingeconomics.com/australia/currency
#RBA #CashRate #Australia #HeiseSays The Reserve Bank of Australia has cut the cash rate to a record low of 0.75%. Will the confidence hit to the market outweigh any benefit? References Statement by Philip Lowe, Governor: Monetary Policy Decision https://www.rba.gov.au/media-releases/2019/mr-19-27.html
#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
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Stimulus Spending Waste
#Stimulus #Economy #Spending With calls for a return to Rudd era direct government stimulus, it is worth looking at the broken window fallacy and asking whether our current housing affordability crisis may be in part to blame on Rudd? Reference Australia’s Uncreative Destruction https://mises.org/library/australias-uncreative-destruction
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More talk of Negative Interest Rates
#Economy #NegativeInterestRates #RBA Talk of Negative interest rates is appearing more frequently in Australia media. References Reserve Bank may slash rates to 0.25 per cent, but ‘reluctant’ to dip into negative territory https://www.abc.net.au/news/2019-09-14/rba-interest-rate-cuts/11510102?section=business
#Australia #Economy #Recession Calls for direct stimulus to avoid the recession, although everything is still fine. References ‘Time to open your wallet ScoMo’: How Australia could dodge a devastating recession https://www.news.com.au/finance/economy/australian-economy/time-to-open-your-wallet-scomo-how-australia-could-dodge-a-devastating-recession/news-story/20922d3c81d87d48ee3ac3c43ce31eb5