Congratulations Australia - You are not in a recession

[So_Cynical]

I went shopping this afternoon at Macquarie Centre...in what i would call "inner north west Sydney"...and the place was packed, took me a good 15 minutes to get a parking spot, i go to Macquarie Centre every few months and this is the first time in 18 months ive seen it full to capacity.

People cueing up at the registers in Myers, all shops with customers...the recession is over.

 

[Uncle Festivus]

Uncle I disagree with why we are getting theses moves. Its not the old conspiracy fans favorite of straight manipulation by hedge funds/PPT/Catholic church :

Its just the movement of punters to intraday timeframe because of the uncertainty of how this market is moving over the larger time frame. Have a look at the ES futs increase in volume over these large last 30 min swings.

its just closing of trades by the punters that have not yet been stopped out.

I'm not fully up to speed with the qaunt markets/trading, but from what I can assume there is some sort of SP500 futs window dressing by the likes of Goldmans and Morgan Stanley - what do you make of it? Now this is where the conspiracy part comes into play - the question is then where are they getting the money to do this & on who's behalf? SP500 earning are down on ave 35% YOY, and that was back in Feb, so unless ther's been a big turnaround in company earnings since then, the P part in P/E is getting on the overbought side?

I went shopping this afternoon at Macquarie Centre...in what i would call "inner north west Sydney"...and the place was packed, took me a good 15 minutes to get a parking spot, i go to Macquarie Centre every few months and this is the first time in 18 months ive seen it full to capacity.

People cueing up at the registers in Myers, all shops with customers...the recession is over.

Was it raining? Seems to bring the bored shoppers out - but are they spending?

Oz is lagging because of the commodities bounce - new projects are gettting canned and as the projects in the pipeline are completed unemployment will rise, and the effects will flow on - all the governments are facing an income/expense squeeze, less income, massive (stimulis) debts to service, cutbacks in services - the user will definately pay.....

 

[jono1887]

I went shopping this afternoon at Macquarie Centre...in what i would call "inner north west Sydney"...and the place was packed, took me a good 15 minutes to get a parking spot, i go to Macquarie Centre every few months and this is the first time in 18 months ive seen it full to capacity.

People cueing up at the registers in Myers, all shops with customers...the recession is over.

just because shops are full... doesnt mean they're paying customers :

 

[MrBurns]

just because shops are full... doesnt mean they're paying customers :

Exactly, shopkeepers are bleeding at present but it doesnt mean people stay at home, the walk , window shop, buy a coffee, no big spend up though.

 

[knocker]

Exactly. Homeless people often go to shopping centres for warmth in the winter and air conditioning in the summer. They look and dream. Enjoy your recession aus it is going to hit you like a ton of bricks.

 

[Timmy]

People cueing up at the registers in Myers

just because shops are full... doesnt mean they're paying customers :

Ummm ... why would people be queuing up at the registers if they weren't paying customers?

Exactly. Homeless people often go to shopping centres for warmth in the winter and air conditioning in the summer.

Homeless people at the Macquarie Centre? No - too hard to get to without a car.

 

[Beej]

Homeless people at the Macquarie Centre? No - too hard to get to without a car.

Actually not anymore as there is now the Chatswood -> Epping rail link that has a stop right at the Macquarie Centre Having said that, it's not exactly a homeless person area anyway........ Love the bearish denials though - great stuff!

Cheers,

Beej

 

[Timmy]

Actually not anymore as there is now the Chatswood -> Epping rail link that has a stop right at the Macquarie Centre

Oh, thanks Beej, I didn't know that.

 

[Ageo]

All my customers (alot in westfields etc..) are crying and doing it very tough.

I cant see many of them lasting till the end of next yr.

 

[moXJO]

I have been flat out. Unemployment in my town is at 9.6% though. People still seem to be spending here, but I think some retailers are doing it tough. Specialty stores have all bit the dust.

 

[Wysiwyg]

Happy consumers confident worst is over

For those that remained in work the government handout was a nice bonus. Three kids even better.

 

[tech/a]

Well I just keep adding to the forward works inventory.
Demand is at an all time high.
Cashflow is crap due to larger Civil Contracts.
The domestic market is now becoming the leader in contract acceptances.