Friday Various government handouts and bankruptcy protection legislation have come to an end, or soon will. Businesses that have been technically insolvent for over a year will begin to close their doors. Many will go under because they cannot pay the rent that they owe for the period when they were forbidden to trade. They desperately need a renegotiation … [Read more...]
Thursday As the Australian economy falls ever-deeper into recession, it behoves thoughtful people to contemplate how they will protect their business as best as possible. I began my first business 61 years ago; I’ve been around. I’ve seen the highs and lows and with complete confidence I will state that this ‘downturn’ will be of a severity far worse than anything … [Read more...]
Australia’s economy is likely to have slowed, the question is by how much?
Wednesday https://www.abc.net.au/news/2018-12-02/australian-economy-likely-to-have-slowed/10570146 The above article is from the ABC and, as usual, they best represent the out-of-touch with reality nonchalance of our ruling elite. Gross Domestic Product (GDP) is used as the measure of economic health. Essentially, GDP is composed of every penny spent; no matter how it … [Read more...]
Oil Price Rise
Sunday Graph from: https://www.nasdaq.com/markets/crude-oil.aspx?timeframe=5y as of today. I have no knowledge of the oil market and thus will not begin to speculate as to the cause of the dollar spike in its price. What I do know is that the Australian economy will be slammed hard by an oil price that goes any higher than it is right now. It is difficult for … [Read more...]
Aussie Dollar Tumbles
Wednesday As I write, the Australian dollar is dropping hard. It has been fairly stable (by currency norms) for quite a while. That changed a few days ago. What’s happening? Is the Saudi/Iran situation intensifying and posing a threat to the oil price, and to those nations that would impact, like Australia? Is it the emergence of media stories outlining how weak and … [Read more...]