In short, Australian banks are screwed, retailers are screwed, home owners are screwed, home builders are screwed, those long Australian stocks will be screwed, and those expecting strong commodity prices to bail out Australia will also be screwed.
Another warning from Mish:In short, Australian banks are screwed, retailers are screwed, home owners are screwed, home builders are screwed, those long Australian stocks will be screwed, and those expecting strong commodity prices to bail out Australia will also be screwed.
He sounds very angry if not a little bit unbalanced
I wonder if he was banging his fists on the desk with a vein throbbing on his temple
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
Mish needs to move on and start giving financial advice again instead of trying to boost the visitor numbers to his website by writing doomsday posts to draw in the vunerable disenfranchised members of our community.
It's no longer working for similar websites either. They certainly have every right to sell their product, but they will need to develop another tactic and perhaps start giving away some real advice instead to draw in the players.
Any expressed market opinion is my own and is not to be taken as financial advice
Mish needs to move on and start giving financial advice again instead of trying to boost the visitor numbers to his website by writing doomsday posts to draw in the vunerable disenfranchised members of our community.
It's no longer working for similar websites either. They certainly have every right to sell their product, but they will need to develop another tactic and perhaps start giving away some real advice instead to draw in the players.
RE "vunerable disenfranchised members of our community."
Correct, but I would add feeble minded.
Also I am noticing that many of the Bear Big Hitters are becoming more shrill now that the US economy is slowly picking up.
Mish needs to move on and start giving financial advice again instead of trying to boost the visitor numbers to his website by writing doomsday posts to draw in the vunerable disenfranchised members of our community.
It's no longer working for similar websites either. They certainly have every right to sell their product, but they will need to develop another tactic and perhaps start giving away some real advice instead to draw in the players.
with regard to the letter from brisbane itself...
Woolworth's, one of our biggest retailer/supermarket companies, just had their worst quarter in 13 years. Woolworth's is about as bullet proof a company as you can get in Australia. It is the bluest of blue chip companies.
The price war between it and coles has had an impact on it as well as the retail pull back, but IMHO one of the major killers of profit for them is their venture into hardware via the large Masters roll out...
I have tried to find details that separate the income from Masters from the rest of their revenue but suspect it is doing badly.
Our local Masters is almost always near empty (except for staff)... prices are not competitive and Bunnings has really lifted it's game recently.
Mish needs to move on and start giving financial advice again instead of trying to boost the visitor numbers to his website by writing doomsday posts to draw in the vunerable disenfranchised members of our community.
It's no longer working for similar websites either. They certainly have every right to sell their product, but they will need to develop another tactic and perhaps start giving away some real advice instead to draw in the players.
with regard to the letter from brisbane itself...
Woolworth's, one of our biggest retailer/supermarket companies, just had their worst quarter in 13 years. Woolworth's is about as bullet proof a company as you can get in Australia. It is the bluest of blue chip companies.
The price war between it and coles has had an impact on it as well as the retail pull back, but IMHO one of the major killers of profit for them is their venture into hardware via the large Masters roll out...
I have tried to find details that separate the income from Masters from the rest of their revenue but suspect it is doing badly.
Our local Masters is almost always near empty (except for staff)... prices are not competitive and Bunnings has really lifted it's game recently.
You're probably right, I hadn't considered that. In fact I have never been to a Masters store - Bunnings is closer and I haven't been using hardware or timber supplies much lately.
In any case though retail is going through a revolution - whether Woolworths gets it right with online sales is yet to be seen. Woolworths have been reliable shares in the past. The war between Woolworths and Coles is probably wiping out some competition, so those two chains will have a larger market share when they halt the war, so the end game may be ok for them.
Any expressed market opinion is my own and is not to be taken as financial advice
RE "vunerable disenfranchised members of our community."
Correct, but I would add feeble minded.
Also I am noticing that many of the Bear Big Hitters are becoming more shrill now that the US economy is slowly picking up.
They are desperate for sure.
I just laugh every time I hear about America's "recovery". They are running $1.5T budget deficits to maintain this recovery. Wondering what the true size of the American economy would be if you shaved $1.5T off government spending?
Mish needs to move on and start giving financial advice again instead of trying to boost the visitor numbers to his website by writing doomsday posts to draw in the vunerable disenfranchised members of our community.
It's no longer working for similar websites either. They certainly have every right to sell their product, but they will need to develop another tactic and perhaps start giving away some real advice instead to draw in the players.
RE "vunerable disenfranchised members of our community."
Correct, but I would add feeble minded.
Also I am noticing that many of the Bear Big Hitters are becoming more shrill now that the US economy is slowly picking up.
They are desperate for sure.
The US economy IS WELL AND TRULY FINISHED , to entertain otherwise shows what a gullible dope you are
Mish needs to move on and start giving financial advice again instead of trying to boost the visitor numbers to his website by writing doomsday posts to draw in the vunerable disenfranchised members of our community.
It's no longer working for similar websites either. They certainly have every right to sell their product, but they will need to develop another tactic and perhaps start giving away some real advice instead to draw in the players.
RE "vunerable disenfranchised members of our community."
Correct, but I would add feeble minded.
Also I am noticing that many of the Bear Big Hitters are becoming more shrill now that the US economy is slowly picking up.
They are desperate for sure.
The US economy IS WELL AND TRULY FINISHED , to entertain otherwise shows what a gullible dope you are
Did I mention we only make $80 per tonne of iron ore now as opposed to $ 140 per tonne six months ago , it will just slowly drop away as we have seen . Your days are very very numbered BP both on here and in real life , you were told over and over but continued your braindead rants on here .
Rental vacancies UP 8.4% YOY Stock on market UP 9.3% YOY Profit per tonne of iron ore now about $80 , instead of about $140 six months ago and soon to be less I could make a list longer than your arm and might just do that
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