The ABS employment numbers were a shocker in anyone’s book. Employment declined by 227,700 in May, worse than expected, and the unemployment rate was up to a 19 year high of 7.1 per cent… up from 6.4 per cent in April. Unemployment horrible but maybe we’re through the worst Full-time jobs fell by 89,100 and part-time…
There was a 1.9 per cent fall in the Westpac/Melbourne Institute consumer sentiment index for December, released last week. It currently sits at stands at 95.1 points, below the longer term average of 101.5 points. A reading below 100 points denotes pessimism, although economists believe are more apprehensive about how 2020 will unfold than negative….
Workers hoping for a pay rise as their Christmas present are unlikely to find anything in their stocking as the Australian government revised down its forecasts for economic and wages growth in its mid-year economic update. Treasurer Josh Frydenberg and Finance Minister Mathias Cormann released the Mid-Year Economic and Fiscal Outlook (MYEFO) – the government’s…
Hey gang, get up to speed on this week’s financial trends with my market updates. Read on for a snapshot of what is ‘an inverted yield curve’ and why it’s creating panic in the global markets: In very simple terms, an inverted yield curve is the canary of the health of the global economy. It’s…
A few years of stellar returns has convinced many people that investing in property is a sure thing....
It’s a funny thing when you realise that your parents are old. It makes you reflect on their...
Every working Australian is invested in the sharemarket… through their superannuation. As global sharemarkets tank and the doomsayers...
