Thread: Consumer Confidence Low?

Originally Posted by woodPixel

Sorry FF, I wasn't referring to any of your posts. Apologies if it seemed that way.

Rightio Ev. Crusty remarks retracted!

It will be all fixed by tomorrow morning when Uncle Clive gets a seat in the Senate

Originally Posted by Lappa

It will be all fixed by tomorrow morning when Uncle Clive gets a seat in the Senate

May all the gods, new and old, save us from that outcome.

Originally Posted by Lappa

It will be all fixed by tomorrow morning when Uncle Clive gets a seat in the Senate

I am not sure one seat will be enough.

Regards
paul

Be careful guys, with clive's history of litigation he's probably scouring every website and forum around...

Originally Posted by taz01

Be careful guys, with clive's history of litigation he's probably scouring every website and forum around...

Going to be funny when Twisted Sister kick his A>R>S>E

Back at the markets yesterday and the prevailing opinions are, as I suspected, not all that great. It was a bit of a rainy day so yesterday wasn't a particularly good indication, however, speaking to as broad a selection of stall holders as I could the overall impression is that the number of people coming to the market is down and those that do turn up aren't really spending much money, mostly just looking, lots of likes and wows but no spending.

Down here in Tassie things are going quite well depending on where you are in the on the scale...housing prices going up,major investment in most cities.Many mainland people escaping the heat and setting up small business .
Of course like everywhere else public housing and health services are just ignored by mindless pollys nightly on TV...i know we only have the present but if a minister for housing has had a year in power and nothing much has changed then why does he claim it will tomorrow or next month or whatever..
As for consumer confidence it seems over there[big island] it has tailed off ...the new scomo government may have just won an election that will paint them as crap money managers.
mick

The local markets are interesting.

I just missed a special at Timbecon, which I'm pretty bummed about. They had a nice big 6" in/out cyclone at a great price.... but I had to work all weekend into the wee hours on client stuff, so missed it

I saw the markets this morning. I was unimpressed with the futures movement on AUD and resources. It seems it was priced down expecting a Labor government, but failed to kick back up on a Liberal win.... maybe the algo's think there's still a chance for Labor to creep across the line? (or making it messy!)

Keep your eye on Dr. Copper (everything!), Silver (solar panels!), Lithium (batteries!) and Paladium (catalytic converters!). Those prices are all that matters. See them drop and we are all in for a good solid hosing.

Speaking of the future, I note in an article yesterday (?) that Canberra will hit 100% renewable energy in October. Yay! https://www.abc.net.au/news/2019-05-...ber-1/11121676

Apparently the markets (ASX200) rallied this afternoon to the tune of $25 billion and the $AUD also bounced up 0.5c

BTW if that cyclone sale was for the Deputy 6”, I notice that the outlet is 6” ID but the inlet is 4 5/8” ID even though they label it as a 6” cyclone.

We are expecting a boom in infrastructure construction, if not already experiencing it.

Queensland might not get such a big boom because their government (a) pretty much is a do nothing govt and (b) wants to fight the federal government every single step of the way instead of accepting national rules and standards set in Canberra for funding. But outside of QLD a boom is expected or already underway. Even QLD will get something of a boost.

NSW in particular will really boom.

This helps in 2 ways. Directly construction requires a lot of workers and infrastructure construction is expensive so money flows. Second, good infrastructure makes everything else more efficient and productive so that further assist the economy.

Also I noticed that shares and the dollar already rose in response to the election result.

So there are some positive forces at play. It's not all doom and gloom.

Originally Posted by woodPixel

Speaking of the future, I note in an article yesterday (?) that Canberra will hit 100% renewable energy in October. Yay! https://www.abc.net.au/news/2019-05-...ber-1/11121676

That would have to be easy, you could fuel the place on the outraged indignation of the lefty elite population, before you need tap the pollies for the endless methane they release...

The rest of the country has to work for our money instead of just creaming it off the top.

Originally Posted by damian

That would have to be easy, you could fuel the place on the outraged indignation of the lefty elite population, before you need tap the pollies for the endless methane they release...

The rest of the country has to work for our money instead of just creaming it off the top.

You've no idea! This place is a socialist nirvana!

Fully funded and paid for by O.P.M.... Other Peoples Money.... fat salaries, easy jobs, 9 to 4:30 "workdays", wide streets, single-use-overpriced-infrastructure (light rail!) and best of all - 5% pay raises every single year without fail.

As a hardened capitalist its a miracle I don't self-combust from rage every day when I go outside.

(what? The rest of Australia doesn't live like this?....)

Originally Posted by damian

That's a fantastic system, I wish they would do it here...what council ?

We have that also, and it was fine until I was sat on my balcony and a gentleman in a white torago opened his tail gate to put his shopping in, but before he did that he placed a set of shocks and springs on the side of the road next to the tree. As he closed his boot I ran over and told him that he forgot something. He said what? I pointed to the shocks and said those!! He said they come along and pick stuff up anyway, I said no they don't. Well what am I going to do with them? He asked, I said I don't care, but your not leaving them there!!

i do roadside salvage, but I respect how it's been put there and make sure I don't spread it around.

as for the economy, and peoples spending habits, they are seriously in trouble. People raced to over borrow in a rallying housing market, the banks would allow them to extend themselves far beyond their means. And now as the market cools find themselves in negative equity and no pool to dip into when times are tough. Although the banks are now playing catch up (ie. if u can borrow at 7%, you can afford to borrow at 4%),and I itsnot the Mcrann article pointing out APRAs rule, it was something that was told to me 20yrs ago when rates were going up. My point is, people over extended to get in, and now there is no money left but credit to spend.

i managed to dodge the bullet from the wife as she kept saying she wanted to buy about 18mnths ago, until I pointed out that the market was set to pull back, and if we use the equity in our $500k house down the coast, on a $1.8m house, we could lose all that we had worked for to pay off ie. the house down the coast. And as prices have come off that much (where I live) I am now sitting pretty waiting......

the wood show is on this June long weekend and will be interesting to see the number of sales.