Australian (ASX) Stock Market Forum

The state of the economy at the street level

Another two hardware stores visited today. Bought two items as needed and found an acceptable substitute for another. Now only one on the list.

That said, I did buy the last stock of one item and that was from the second store so for some items there isn't a huge amount of stock around. :2twocents
 
Haven't been checking $AUD but given we are in a commodity golden zone, I wonder if our $ will hit parity with the US again?
While i am not impressed with our country management and psyche, as the US is imho on the brink of collapse with hyperinflation and USD destruction, i see some advantages to the AUD and CAD.
so that coming period of world misery with food, energy and commodities shortage and geopolitical swing might benefit us.
Will still take some of these RE gains OS to spread risks but we might end up better than many others in he west.Still a lot of pain ahead.
Can anyone believe it, Frog is nearly positive ??
 
Shops are full. Not sure if everyone is just walking around though as the register lines don't seem to be crowded.

But carparks are at capacity. Some restaurants packed, others empty. Seems like 'selective spending' going on and people enjoying being out and about.

Must be the third or fourth weekend I've noticed it.
 
the full shops i notice are the pharmacies , but it is flu season , probably no surprise there

lines at the checkouts are nothing special ( neither super high or low )
i DO notice some lines missing ( not currently in stock , not just slack staff )

maybe it is just the local shopping complex i visit most often

several eateries have changed management or closed ( permanently ?? ) arguably more empty shops but that landlord is very fussy who he leases to (have to be the right type of business ) and is prepared to WAIT
 
Heaps of people have a large sum saved.
I saw a media quoted figure of about $260 billion. Probably more under mattresses.

It's eventually going to pour into something.
 
Heaps of people have a large sum saved.
I saw a media quoted figure of about $260 billion. Probably more under mattresses.

It's eventually going to pour into something.
am looking and looking but than my cash stash is way under one billion

under one million as well
 
Shipping containers are at $20000
That's (apparently) quadruple the price from a year ago. Huge amounts of product lines have stopped shipping to Australia. It's no longer viable.

A few specialist shops I've been to are running low on stock.
 
Yesterday shopping trip to Coles after being marooned on our highlands by flood and relentless rain.
We looked for mince, and having our own cattle, something different.
Discovered that the whole kangaroo meat area had been emptied....
This is the cheapest red meat left and was clearly out of stock.i doubt it is a supply issue as rain just recently hit.
I have the feeling that people just can not or resist buying meat at 30-40$ a kg..for themselves or their dog.
Just noticed fish is now cheaper than most meat.even chicken prices are uo..not to mention 8$ tomatoes or yesterday $5 lettuce.
We will have and iwe nothing..but not sure we will be happy...
 
Lettuce has taken a hit. The rain has ruined the crop or something. Sign at the local burger place and woolies. Woolies overall didn't have a lot of fruit and vegetables.

Local fruit market is struggling with some lines as well.
 
in Queensland truck-drivers ( taking supplies to the fruit-markets ) are short in supply as well that MIGHT be part of the problem
 
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