Australian Economy

Source: Pexels The bottom line in accounting refers to a business’s net income or profit.

The AFR reports a growing trend for unions to seek wage rises in line with the inflation rate in enterprise bargaining negotiations.

Interests rate futures are still pricing in two more interest rate hikes: This is pretty remarkable given the number of negative signals sweeping leading economic data.

Australia has ranked 19th out of 64 countries in the latest edition of the World Competitiveness Yearbook report, which is compiled by the International Institute for Management Development.

The Reserve Bank of Australia’s deputy governor Michele Bullock gave a speech to the Australian Industry Group on Tuesday where she said the nation’s unemployment rate will need to rise to 4.5% over the next year if inflation is to be progressively restored to the target range of 2-3%.

Westpac with the note.

Another warning for discretionary retail: With both B&L and DJs now suffering, as well as various specialty stores, it looks like rich and poor alike are feeling Albo and the RBA’s sting.

What is as bad as a global pandemic killing millions and a lockdown preventing anybody from leaving home?

Chris Joye at Coolabah making some good points.

Earlier this month, independent economist Tarric Brooker coined the term “burnout economics” to characterise what is currently happening in the Australian economy.

Retail warnings are spreading like wildfire.

Crowdfunding has become a popular method for raising funds, offering opportunities for both project creators and investors.

Did it happen if a tree fell in the woods but no one was around to hear it?

As the popularity of digital currencies continues to rise, it is crucial to understand the best practices for safeguarding your BUSD holdings.

Bill Evans at Westpac hawking up and damping down on growth.

Alboflation is here: Electricity tariff increases of up to 51 per cent are set to hit some households this winter as retailers advise of price rises that far exceed the ones in regulated benchmark tariffs announced last month.

By Gareth Aird, head of Australian economics at CBA: Key Points: Employment rose by avery strong 75.9k in May following a 4k fall in April. The unemployment rate edged lower to 3.6% and the participation rate popped higher to 66.9% (a record high).

Yesterday we reported how Westpac’s monthly consumer sentiment index showed a clear difference in sentiment readings before and after the RBA’s rates decision: Those surveyed after the RBA Board meeting were deeply pessimistic, with a reading of just 72.6pts – down nearly 10% from the month before.

The nice folks at McKinsey love a good headcount reduction and here’s one they are very excited about.

The jobs market is softening slowly but the RBA has another smoking gun here if it wants to go again.

Lol.

One of the biggest headwinds facing the jobs market is the record volumes of migrants flooding into Australia.