deleted... removed... perhaps winner mowing in the suite with a glass of top of the south white wine... you never know might look quintessential Kiwi...
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deleted... removed... perhaps winner mowing in the suite with a glass of top of the south white wine... you never know might look quintessential Kiwi...
Ok after reading another great article by D Grant in which he reminds us about the Philips curve id give retail till end of april..
Because he has been so right about everything over the last 18 months
(sarcasm in case you couldn’t detect it)
his article is highly disingenuous - implying the retail spend is solely from inflated asset prices, and ignoring the huge increase in discretionary income/cashflow allocated to retail by kiwi households.
"huge increase in discretionary income/cashflow allocated to retail by kiwi households."
created from what? QE... the picture is complex and the model is bigger than one page.. When they reduce liquidity across the market the sugar high has in the past always ended badly...
but it should last a bit longer..
Strong Retail spending post-xmas
Quote:
Worldline, formerly Paymark, has released data for the last days of 2021 and beginning of 2022.
It covers about 70 per cent of New Zealand’s in-store electronic transactions.
The data showed that core retail merchants, excluding hospitality outlets, processed $696 million in transactions in the week to January 4. That was 7 per cent more than the same seven days a year earlier and 13 per cent higher than the pre-Covid times of the start of 2020.
Hopefully HLG moves a little aye.
MHJ cant take all the retail glory again this year? Surely not?