Hi gang, Was chatting with my colleague, David Scutt (Scutty), from our Ausbiz streaming service during the week about all the economic data coming out and what it’s telling us about the economy going forward. I really value Scutty’s perspective because he is a good counter to my natural optimism. In his view, forget trying…

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Lot to get through with the release of the National Accounts … which we used to refer to as the “economic growth” figures until we didn’t grow. As expected the economy contracted 7 per cent in the June quarter, and 6.3 per cent for the year, as the economy was smashed by the impact of…

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Wage growth low… and could stay that way for a while No surprises in the latest wage data with growth weak in line with the job market. What was surprising is that wage growth edged higher in the three months to June.  The Wage Price Index (WPI) rose 0.2 per cent in the June quarter but over…

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As Victoria starts its 6 week Stage 4 Lockdown, the Federal Government has made it easier for all Australian small businesses to access the extended JobKeeper scheme. That’s great news. As I’ve said before, and reiterated with the Federal Treasurer this morning on Sunrise, as a country we can afford to subsidise keeping people in…

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Hi everyone… and to all those in Victoria, hang in there the whole country is supporting you and sending our love. End of another week and more information coming out about the economic damage from the Coronavirus pandemic. . Last night the US economic figures were released showing an 8 per cent contraction in the…

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I think we need the weekend to recover from the barrage of information we’ve received this week about the economy and Government stimulus. It has been overwhelming and some of the numbers are downright scary. But, keep it in perspective. Before I get into some of the detail can I make some big picture comments…

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Australia’s unemployment rate is predicted to hit 9.25% in the December quarter this year as the shockwaves from the Covid-19 pandemic continue to hit the national economy, Treasurer Josh Frydenberg said in updating the government’s budget figure In the Economic and Fiscal Update released today, the Treasurer said 700,000 jobs had been saved as a…

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The economic impact of the COVID-19 crisis is starting to come through in the monthly numbers. The latest were this week’s employment figures.  – while the unemployment rate rose from 7.1 per cent to 7.4 per cent in June, it was the highest jobless rate in 21½ years (since November 1998). – the good news was…

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Happy Friday everyone, As Victoria goes back into lockdown to fight a second wave of the Coronavirus, economists are getting concerned about the economic damage and investors are getting spooked.  A couple of points to make up front; The Government is borrowing money at less than one per cent interest. I’ve mentioned this before, but…

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Big tick of approval from IMF for Australia The International Monetary Fund is the prestigious economic think tank funded by 189 countries to promote trade and financial stability. It regularly provides report cards on the health of the global economy and individual countries… and has been keeping a close eye on the economic fallout of…

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A few years of stellar returns has convinced many people that investing in property is a sure thing....

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How are your parents’ finances?

It’s a funny thing when you realise that your parents are old. It makes you reflect on their...

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Superannuation & Share dive

Every working Australian is invested in the sharemarket… through their superannuation. As global sharemarkets tank and the doomsayers...

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