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Retail in Dire Straits
Topic Started: 18 Dec 2016, 09:13 PM (5,415 Views)
Rufus
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So much for the retail recession.....

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Spending in the Australian economy has suddenly accelerated
David Scutt
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Employment growth was strong in October, even forgiving well documented concerns surrounding the ABS’ seasonally adjusted data, while job ads continue to point to solid employment growth in the months ahead. And retail sales, after a lacklustre first nine months of the year, have also started to accelerate, posting a solid rise of 0.5% in October.
Now economy-wide spending, including on both goods and services, is expanding at the fastest pace seen in over seven years, according to the latest Business Sales Index (BSI) released by the Commonwealth Bank on Tuesday.
The BSI is a monthly indicator on economy-wide spending, capturing the value of credit and debit card transactions processed through Commonwealth Bank merchant facilities over a specific month. It includes spending not only retail sales, but also that on automobiles, personal services and airlines.
While it only captures payments processed through Commonwealth Bank terminals, not those from all financial institutions, as Australia’s largest retail bank, the results can be used to extrapolate broader spending themes evident in the Australian economy.
And the news in November was good. Very good.
The BSI lifted by 1.2% during the month in trend terms, building on the upwardly-revised 1.1% gain of October.
It now stands at the highest level seen since the global financial crisis.

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Rufus
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It just gets better and better for retail.

http://www.msn.com/en-au/video/watch/australians-splash-out-for-christmas/vi-BBxlU5U?ocid=spartandhp
Take risks - if you win you will become wealthy, if you lose you will become wise
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Terry
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Rufus
20 Dec 2016, 10:53 AM
So much for the retail recession.....



Depends on how you interpret an increase in credit / debit card transactions. If suppliers of goods and services are having to decrease their margins to encourage the suburbanites to spend, the problem can be far greater than an aggregate dished up to you by the media about booming spending. FMCG providers understand that far better than a bank.
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Rufus
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Terry
21 Dec 2016, 10:24 AM
Depends on how you interpret an increase in credit / debit card transactions. If suppliers of goods and services are having to decrease their margins to encourage the suburbanites to spend, the problem can be far greater than an aggregate dished up to you by the media about booming spending. FMCG providers understand that far better than a bank.
You can't accept that you morose world doesn't exist outside your mind.
We want people to spend, that's what creates jobs and business profits.

Sometimes good things happen, get over it.
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Terry
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Rufus
21 Dec 2016, 10:35 AM
You can't accept that you morose world doesn't exist outside your mind.
We want people to spend, that's what creates jobs and business profits.

Sometimes good things happen, get over it.
Morose? You mean for the slaves at Woolies, Coles and the swath of producers out there trying to make a dollar while their input costs are among the most oppressive on the planet? Or morose for the suburbanites who have to drown themselves in debt and for the sake of keeping the economy afloat? Perhaps debt peddlers see the positive....in lining their own pockets. But I wouldn't get too excited that the suburbanites have savings to burn or are about to sacrifice themselves for the nation. They're doing enough already.
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Rufus
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Terry
21 Dec 2016, 11:01 AM
Morose? You mean for the slaves at Woolies, Coles and the swath of producers out there trying to make a dollar while their input costs are among the most oppressive on the planet? Or morose for the suburbanites who have to drown themselves in debt and for the sake of keeping the economy afloat? Perhaps debt peddlers see the positive....in lining their own pockets. But I wouldn't get too excited that the suburbanites have savings to burn or are about to sacrifice themselves for the nation. They're doing enough already.
try to be consistent Terry.
In your own words you said at the first post in this thread -

Good to see this finally hit the MSM. The life of the economy is consumer spending

Now you are saying everyone who is spending must be maxing out their credit cards so its bad for the economy.
What a lot of made up bullshit you sprout daily in your put downs of people and the economy.

Your arguments are as thin as cats piss on the ground.
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Terry
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Rufus
21 Dec 2016, 12:21 PM
try to be consistent Terry.
In your own words you said at the first post in this thread -

Good to see this finally hit the MSM. The life of the economy is consumer spending

Now you are saying everyone who is spending must be maxing out their credit cards so its bad for the economy.
What a lot of made up bullshit you sprout daily in your put downs of people and the economy.

Your arguments are as thin as cats piss on the ground.
That's right: the life of the economy is consumer spending. That all comes with trade offs and conundrums, such as the following:

-- Our suburbanites are some of the most tapped out in the world. What is optimal? Lower prices with slimmer margins? Stable or hiigher prices with greater h'hold budget pressures?

-- Our economy is based around high cost structures. How do we maintain high producer inputs with increasingly constrained h'hold budgets? Do the suburbanites have to grin and bear the responsibility?

-- If the suburbanites reduce spending to protect their finances, what is the impact on the economy? Does the hoi polloi really understand? Or are they simply nudged into behavior that makes then spend like drunken sailors for the sake of the nation?

Now you are saying everyone who is spending must be maxing out their credit cards so its bad for the economy

Stop fibbing. The data tells us that the suburbanites are spending more on credit and debit cards. Nothing more, nothing less. However, what we do know is that most suburbanites barely have two sticks to rub together, therefore it's important to acknowledge that there is every opportunity that they're simply adding to their own debt levels.
Edited by Terry, 21 Dec 2016, 12:37 PM.
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Rufus
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Terry
21 Dec 2016, 12:32 PM
That's right: the life of the economy is consumer spending. That all comes with trade offs and conundrums, such as the following:

-- Our suburbanites are some of the most tapped out in the world. What is optimal? Lower prices with slimmer margins? Stable or hiigher prices with greater h'hold budget pressures?

-- Our economy is based around high cost structures. How do we maintain high producer inputs with increasingly constrained h'hold budgets? Do the suburbanites have to grin and bear the responsibility?

-- If the suburbanites reduce spending to protect their finances, what is the impact on the economy? Does the hoi polloi really understand? Or are they simply nudged into behavior that makes then spend like drunken sailors for the sake of the nation?

Now you are saying everyone who is spending must be maxing out their credit cards so its bad for the economy

Stop fibbing. The data tells us that the suburbanites are spending more on credit and debit cards. Nothing more, nothing less. However, what we do know is that most suburbanites barely have two sticks to rub together, therefore it's important to acknowledge that there is every opportunity that they're simply adding to their own debt levels.
Quote:
 
Stop fibbing. The data tells us that the suburbanites are spending more on credit and debit cards. Nothing more, nothing less.


Show us the data that proves people are spending more than they can afford on their credit cards.
All you ever give us is your belief systems.

Thin as cats piss on the pavement.
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Blondie girl
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Ha ha
so if retail is in such"" dire straits"" why is some shopping centres in Perth putting heaps of $$ in re doing and expansions?

The rule that some people forget is they buy what they really cannot afford and don't pay off stuff in one hit at the due date.

I still have a little more shopping to do, its a hot day & I know its going to be vulture parking. Did most stuff online but can only do much.

Thanks
55 day Platinum Visa.

Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$
It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged
Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do.
Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
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Terry
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Rufus
21 Dec 2016, 01:10 PM



Show us the data that proves people are spending more than they can afford on their credit cards.
All you ever give us is your belief systems.

Don't need to show you anything that I haven't claimed.

The data tells us that the suburbanites are spending more on credit and debit cards. Nothing more, nothing less.

As clearly indicated by the CBA report.

However, what we do know is that most suburbanites barely have two sticks to rub together, therefore it's important to acknowledge that there is every opportunity that they're simply adding to their own debt levels.


When 56% of h'holds have less than $10,000 in cash savings, that has an impact on what and how consumers can spend without going into debt.
Blondie girl
21 Dec 2016, 01:32 PM
Ha ha
so if retail is in such"" dire straits"" why is some shopping centres in Perth putting heaps of $$ in re doing and expansions?

The rule that some people forget is they buy what they really cannot afford and don't pay off stuff in one hit at the due date.

I still have a little more shopping to do, its a hot day & I know its going to be vulture parking. Did most stuff online but can only do much.

Thanks
55 day Platinum Visa.

Good question. Investment perhaps based on bad business cases. Who knows? Do you think it is clever to be investing in shopping malls?
Edited by Terry, 21 Dec 2016, 01:36 PM.
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