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The Cairns Economy IN A CHANGED WORLD

The Cairns Economy IN A CHANGED WORLD. WS (Bill) Cummings. The International Economy. FINANCIAL CONFIDENCE THE STOCK EXCHANGE THE REAL ECONOMY. Financial Confidence. The Stock Exchange. Early Financial institutions and financially exposed companies More Recently Resources stocks.

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The Cairns Economy IN A CHANGED WORLD

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  1. The Cairns EconomyIN A CHANGED WORLD WS (Bill) Cummings

  2. The International Economy • FINANCIAL CONFIDENCE • THE STOCK EXCHANGE • THE REAL ECONOMY

  3. Financial Confidence

  4. The Stock Exchange Early Financial institutions and financially exposed companies More Recently Resources stocks

  5. Changes in ‘real’ GDP USA

  6. Governments Moving Stabilising Financial Confidence Pump Priming

  7. Good Thing!Governments Acting Together Bad Thing!Consumer Confidence Falling

  8. Commodity Prices Falling

  9. Australia • Financial Institutions Stronger • Room To Pump Prime • Stock Exchange Big Hit • Vulnerability High Household Debt

  10. Australia • Government Lender of Last Resort • Pump Priming • Interest Rates Down • Consumer Spending Falling • Australian Dollar Down

  11. Local Economy • Outside Earnings • Natural Attribute Based • Other • Service Industries Structure

  12. Local Economy • Competitiveness Boost • Tourism (Worries about travel levels) • Fisheries Reprieve • Primary Industries • Mining (Commodity Prices Down) • Marine/Aviation Services

  13. Local Economy • Consumer Durable Spending Down • Borrowing Conditions Tighter • Housing Market • Government Action • Lower Interest Rates • Other Consumer Spending • Pensioners / Families

  14. Local Economy • Govt Infrastructure Spending • On Top Of Catch-up Occurring • Hospital • University • Lotus Glen

  15. Overall • Slide in Financial Confidence Stabilising • Not All Bad • Businesses Adapt To Changed Circumstances

  16. The Cairns EconomyIN A CHANGED WORLD WS (Bill) Cummings

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