Australia's largest stock trading and investment forum Australia's #1 stock forum

Australia is in an Albo/Bowen created recession!The usual ALP...

First 241 Last

Share
Profile

Follow
pints

57,289 Posts.

310

21/06/24

12:23

Post #: 74424164
Share

Originally posted by Kewbrick9: ↑

Anyone see this?

https://www.9news.com.au/finance/rise-in-business-collapse-insolvency-interest-rates-inflation-cost-of-living-explainer/ca18acb7-eeba-4a4c-b08c-a060e998847e

There are a few more of these articles but you need a subscription to view them.

Basically the gyst is that insolvencies are soaring across the country, closing in on all time records.

In May alone there were close to 1000 businesses going bankrupt - something which hasn't been seen since the GFC.

Cost of living is crippling business left right and centre. Cost of goods way up, rents soaring, power bills through the roof..and so it goes on and on.

Personally I have spoken to at least a dozen small businesses around my area alone (Mordialloc, SE suburb of Melbourne) that are either closing or on a knife's edge. And each one tells me that they personally know of dozens of businesses that are in the same boat.

THIS is what we should be talking about. NOT The Voice to Parliament.

Where are you Albanese?? Where are you Andrews??

Thoughts???

Expand

Australia is in an Albo/Bowen created recession!
The usual ALP failures!
5 Upvote

Reply

Top Stories

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Microcap Wrap: 5 explorers with news out today

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

RCE

Recce's R327 found effective against E.coli during clinical trial

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

There are more pages in this discussion • 5 more messages in this thread...

First 241 Last

SPONSORED BY