This Rudd Government conceded an economic recession in Australia was possible or even probable over the coming year. Continue reading
Rudd admits recession in Australia probable – also says “deficit” on the cards
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Monthly Archives: November 2008
Unemployment tipped to be 6% – but no recession – OECD
UNEMPLOYMENT†will jump, house prices will fall, and the economy will slow down, but Australia looks set to be one of the few major economies that could avoid recession, the OECD says. Continue reading
Unfair dismissal – 3 strike policy gone! One chance only under Fair Work Bill
THE three strikes and you’re fired policy will not apply under Labor’s new workplace regime – one warning will be enough. Continue reading
Unions to have the right to enter almost any business – Rudd’s Fair Work Bill
THOUSANDS of small businesses will face union visits and collective pay claims under the Federal Government’s workplace revolution.
Union officials will now have the right to enter almost any business, even those where they have no members. Continue reading
Aussie to fall to 47 cents by mid 2009
THE Australian dollar will hit an all-time low of US47c by the middle of next year Continue reading
62% of Australians believe we are already in recession
GOVERNMENT advice not to panic is falling on deaf ears, with a majority of Australians wrongly believing the economy is in recession. Continue reading
Repossession Luxury car sale a sign of the times
PICKLES Auctions last night had its biggest sale of repossessed luxury cars in years and 80 per cent of the late model German cars had been repossessed. Continue reading
Rates tipped to be at 2.75% by Easter 2009
The official cash interest rate, targeted by the central bank in its monetary policy actions, is forecast to fall to its lowest level since early 1960 by Easter next year.
Debt futures markets today are pointing to a cash rate of 2.75% by April, down from 5.25% at present. Continue reading
Car prices crash – bargains to be had!
NEW-car buyers have a unique opportunity to bargain with dealers as the industry weathers a perfect storm of plummeting demand, rising costs and fallout from the credit crunch. Continue reading
House prices and sales continue to fall as gloom worsens
THE gloom continues for the property market with auction clearance down in several major centres and prices suffering the worst fall in 25 years in one capital city. Continue reading
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