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The arrival of the Recession

Discussion in 'Property Market Economics' started by Special order, 20th Dec, 2015.

  1. Special order

    Special order Well-Known Member

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    With the USA raising rates it's sure to be the end of the world especially here in aus where property is our lifeline, but what about those of us that twerk and it all goes south? Where is our salvation? I hope this 37 sec video helps bring our hopes to light

     
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  2. MTR

    MTR Well-Known Member Premium Member

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    OK, I am going to be honest, I preferred the other one...... "when cats go bad", or when "rats get fat" or "grab a mac", or something like that.... :)
     
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  3. Special order

    Special order Well-Known Member

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    Nothing like humour to brighten dark days MTR ;)

    image.jpg
     
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  4. MTR

    MTR Well-Known Member Premium Member

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    Yes, I agree, I have had a great laugh tonight:p

    Share some more.

    I started a thread on "how to deal with fear", very serious topic, been some great funny posts on this.

    Thanks

    MTR:)
     
    Last edited: 20th Dec, 2015
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  5. Waterboy

    Waterboy Well-Known Member

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    Last night I was shopping. I was surprised at how confident the retailers were. Very very few discounts on offer. And still people were shopping and there were very long lines in the registers.

    Looks like the rate cuts are working, and thanks to low inflation people have more buying power.

    I've never seen consumer confidence like this in Sydney in the past 3-5 years!
     
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  6. Scott No Mates

    Scott No Mates Well-Known Member

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    I went to Chatswood last night - parking wasn't an issue. Not a good omen in my book.
     
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  7. JDP1

    JDP1 Well-Known Member

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    Similar in brisbane. I have been informed that some large department stores ( who will remaian nameless lol) wont hhqve big boxing day sales..mostly buy one at full price and get the next half price kinda stuff...mainly to move old stock...
     
  8. See Change

    See Change Timing Lord Premium Member

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    Seen some things on TV about strong retails sales this Chrissie period .

    I've been helping , new Hobie revolution 13 , Mazda 6 , storage shed for weekender , sofas to replace old uncomfortable one , and professional sound proofing for home recording studio . The reward for selling in Sydney.

    Cliff
     
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  9. joel

    joel Well-Known Member

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    Shopping centres in SA were packed out today which is good. Not so good when you just wanna get some overpriced fuel and it takes half an hour. Oil price is now very low, many companies in Aus need it to double before they'll turn a profit.
     
  10. kamchatsky

    kamchatsky Well-Known Member

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    Low interest rates, and low Aussie dollar meaning people prefer to spend at home rather than going abroad ...
     
  11. Ted Varrick

    Ted Varrick Well-Known Member

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  12. Waterboy

    Waterboy Well-Known Member

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  13. Foxy Moron

    Foxy Moron Well-Known Member

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    As I loaded up on some specialty retail items at a centre last week I commented to the sales lady that they must be pleased with the active christmas trade - it was humming. She agreed but said that trade for the previous 11 months had been sub-optimal (or words to that effect).
    Hope this christmas boost heralds a better year ahead for small retailers.
     
  14. WattleIdo

    WattleIdo renovating Premium Member

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    I remember hearing on Christmas Day that pre-Christmas spending was through the roof in the USA and even higher than it has been for 9 years in Europe. Hopefully, they'll be spending their holiday savings on our sunny shores and drinking the best coffee and wine in the world before too long.
     
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  15. Azazel

    Azazel Well-Known Member

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    Looked like the typical retards lining up for boxing day 'bargains' on the news.
     
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