Retail Stocks

[LaserEyeKiwi]

This is usually best indicator if punters are going to do a bit of spending

Wow. That is amazing. Basically full employment with rising wages and the collective NZ psyche is “we’re F@&KED!” - such a massive disconnect between perception and reality.

[Rawz]

Wow. That is amazing. Basically full employment with rising wages and the collective NZ psyche is “we’re F@&KED!” - such a massive disconnect between perception and reality.

thats the media's fault.

A lot of my customers are being cautious for this reason but all reporting heavy pipelines of work ahead. It's strange

[Waltzing]

Classic LEK!!!!!!

yeah the Minister of Finance says "better times are coming" and the punters are saying "depression is here"...

wait till next march and they see that the sun is rising over BOP beaches and everyone is flowing down south island's finest whites ....

country will go wild... its just they arnt used to a nuclear winter yet.... once they get the new old mind set back and watch a few sports events they will cheers up...

the media are all under 45 and dont remember the cold war and how much fun it was...

think abbey road!!! and Abba ...

https://www.youtube.com/watch?v=ETxmCCsMoD0

[LaserEyeKiwi]

According to that report, consumer confidence when pessimistic always overshoots to the downside vs actual GDP result (ignoring the covid lockdown).

696E2EA0-0C89-404B-BB8F-BFDA621FF75B.jpg

[winner69]

Wow. That is amazing. Basically full employment with rising wages and the collective NZ psyche is “we’re F@&KED!” - such a massive disconnect between perception and reality.

That's what Mike Hosking says ..... I now believe what a guru economist recently said when the anecdotes and the data disagree, the anecdotes are usually right’


Like that

[LaserEyeKiwi]

That's what Mike Hosking says ..... I now believe what a guru economist recently said when the anecdotes and the data disagree, the anecdotes are usually right’


Like that

its also true in this case that perception can lead to a different reality. If everyone thinks we are heading for cataclysm and causes a big pullback in retail spending, then a big chunk of the economy takes a hit. Ditto what is going on in the housing market at present - Everyone thinks housing prices are heading south, which reinforces the drop as no one is buying - although in that case I think it is a good thing overall for NZ that house prices plummet back to some semblance of sustainable.

[Waltzing]

Lets hope the AUSSIE's are a totally depressed and HLG, MHJ all suffer huge losses in sales vol.... wait do their customers even listen to radios any more?

which station do they listen to ?

its all streaming isnt it?

https://www.noelleeming.co.nz/c/audi...E&gclsrc=aw.ds

suppose when the market gets the news it will go from blue this morning to red in the AVO..

[bull....]

Kiwi households face a $15 billion spending crunch over about the next 18 months, according to estimates by ASB economists
"We’re left with support for our view that consumer spending growth will slow to a crawl later this year," Jones says.

https://www.interest.co.nz/personal-...anaemic-levels

So the impact will come thru in feb/march 23 reporting ?

[Beagle]

N.Z. recession almost certain - Independent economist https://www.nzherald.co.nz/business/...7RZCKOWHU5QEA/

[winner69]

Let us not forget that Core Retail sales (basically everything but vehicle related) have never gone backwards on an annual basis .... at least this century

Currently sales are 12% higher than pre-covid so not too bad

But probably will be 'more subdued' times over next year or so ..... and 'more subdued' is generally not a good time for retailers