Australian (ASX) Stock Market Forum

The state of the economy at the street level

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Went out for yum cha this morning with some friends and family, we always go early to make sure we don't have to wait. There was no line at the restaurant but all the parking nearby was full up, we had to park far away and walk!

By the time we left 2 hours later the place was buzzing with families and couples having a great time.

Went to the nearby shopping centre, packed full of people shopping eating and having fun.

Went to the city multiple times this week for work, busy and lively every day I was there.

Strong urge to buy stocks on all occasions.

A lot of pessimism and negativity in this thread. I feel the same when I spend time on the internet, but whenever I've gone out this year, consumer economy seems pumping.

Take a look at the XNT chart for 2022, if you never spent any time on the internet and just spent your time looking on the street, you would've been crazy to not treat all these vol events as buying opportunities.

1668828986002.png
 
I am getting increasingly bullish based on what I am seeing in the local economy (plus other analysis)... Although I wouldn't call it burgeoning, I would call it robust.

... And, I have had several clients now telling me that I should be increasing my prices and/or handing me the folding stuff and telling me to keep the change.

My caper can tend to be price sensitive at times (relative to other practitioners), but it seems to be less so at the moment.

I've been buying stocks tbh.

Surely a signal for you all to sell everything.
 
wayneL said:
Pro tip:

Never believe government stats ;)
Click to expand...
had a relative in a government agency , that assisted in data collection , back in 1989

and i was bequeathed a lot of stuff , including documentation on the ( new ) way to collect data ( back then )

i have little doubt data collection procedures have been changed since ( again , and again , and again )

makes me wonder about CPI as well , since a whole lot of calculations automatically depend on the number
 
InsvestoBoy said:
Went out for yum cha this morning with some friends and family, we always go early to make sure we don't have to wait. There was no line at the restaurant but all the parking nearby was full up, we had to park far away and walk!

By the time we left 2 hours later the place was buzzing with families and couples having a great time.

Went to the nearby shopping centre, packed full of people shopping eating and having fun.

Went to the city multiple times this week for work, busy and lively every day I was there.

Strong urge to buy stocks on all occasions.

A lot of pessimism and negativity in this thread. I feel the same when I spend time on the internet, but whenever I've gone out this year, consumer economy seems pumping.

Take a look at the XNT chart for 2022, if you never spent any time on the internet and just spent your time looking on the street, you would've been crazy to not treat all these vol events as buying opportunities.

View attachment 149457
Click to expand...
wait and see if the Christmas lock-downs return , can't have the Aussie economy humming when the EU ( and UK ) have just rounded the S-bend
 
JohnDe said:
Yes, because there is no truth out there & everyone is out to get us. Donald Trump & Nostradamus warned us ?
Click to expand...
It's up to you, bro. But as a good postmodernist, I would have thought you would have embraced Foucault's view on truth?
 
Everywhere still struggling with workers.

Lots of bosses starting to struggle with bills.
Tradie I know that runs his own business tried to neck himself on Thursday. Bills got on top of him.

All the businesses that were not run well are starting to get ground out as conditions become less optimal.
 
moXJO said:
Everywhere still struggling with workers.

Lots of bosses starting to struggle with bills.
Tradie I know that runs his own business tried to neck himself on Thursday. Bills got on top of him.

All the businesses that were not run well are starting to get ground out as conditions become less optimal.
Click to expand...
but that is how it should be ( apart from the increase in suicides/attempts )

the strongest ( or cleverest ) survive , get too big , and leak quality workers/tradies to start off on their own ( so overall the entire industry improves , or goes into obsolescence )
 
divs4ever said:
but that is how it should be ( apart from the increase in suicides/attempts )

the strongest ( or cleverest ) survive , get too big , and leak quality workers/tradies to start off on their own ( so overall the entire industry improves , or goes into obsolescence )
Click to expand...
Agree.

It feels like money is drying up a bit. Then I go somewhere and it sometimes looks like it's booming.

However:
the Cafes that were catering to the pensioners market are getting hammered for obvious reasons.

Families with kids seem to be spending less ( up on groceries).

Young people spending up because they can't afford a house anyway.

Franchises that employ young people seem to be having trouble. Family owned stores seem to be doing better.
 
moXJO said:
Agree.

It feels like money is drying up a bit. Then I go somewhere and it sometimes looks like it's booming.

However:
the Cafes that were catering to the pensioners market are getting hammered for obvious reasons.

Families with kids seem to be spending less ( up on groceries).

Young people spending up because they can't afford a house anyway.

Franchises that employ young people seem to be having trouble. Family owned stores seem to be doing better.
Click to expand...
i am only guessing ( because gear old mum owned a small business several decades ago )

but a business often works out a way to keep some reserves ( either cash and durable goods , or other assets that still hold value ) that does not make them immune but does make them more durable in the harsh times , but is this a cycle , or an era ( decades long )

look closer and see what is selling ( i am still buying but very selective what i buy )

remember some folks would see the infamous WEF ad differently to others ( why buy a house when there will be no future security , just asking , but the WEF only offers sticks no carrots , just like a typical Bolshevik system )

they offer a NWO , and all i see is a centralized oligarchy
 
In contrast to my previous post, bloke across the road runs (or rather used to) a boutique winery/micro brewery, plus some sort of property company.

All have gone under from McStalin's lockdowns and I am watching his mental health go down the shyte chute.

A couple of doors up, another winery with a well regarded restaurant of long standing tried to sell. No bites.

Missus was in Perth City for the first time in ages the other day, reckoned it had the smell of (financial) death... and urine.

She sees more of the general economy at street level than I do, and she thinks there is a thin veneer of good times, but underneath that, things are crap.

In other news, we had a feast of chicken, silverbeet, tomato, and beans, all harvested from our own property tonight.

No WEF crickets for Mr and Mrs wayneL ;)

FWIW
 
wayneL said:
In contrast to my previous post, bloke across the road runs (or rather used to) a boutique winery/micro brewery, plus some sort of property company.

All have gone under from McStalin's lockdowns and I am watching his mental health go down the shyte chute.

A couple of doors up, another winery with a well regarded restaurant of long standing tried to sell. No bites.

Missus was in Perth City for the first time in ages the other day, reckoned it had the smell of (financial) death... and urine.

She sees more of the general economy at street level than I do, and she thinks there is a thin veneer of good times, but underneath that, things are crap.

In other news, we had a feast of chicken, silverbeet, tomato, and beans, all harvested from our own property tonight.

No WEF crickets for Mr and Mrs wayneL ;)

FWIW
Click to expand...


But, again on the other hand, property in the Swan Valley still running hot.
 
wayneL said:
But, again on the other hand, property in the Swan Valley still running hot.
Click to expand...
Because a lot of Mr Waynes want to share a feast of homegrown chicken,beans etc....
Do you prefer the poverty of cities slum or peasant farms?
In time of crisos, you know who eat,sleep under a roof and keep warms even with 0 dollars in his account
 
Value Collector said:
Depends on what sort of crisis, in this land of droughts, fires and flooding rain rural people often need a lot of assistance.
Click to expand...
True vs systematic ongoing help for city people poors and addicts
And a lot of Aboriginal communities included in rural population or pensioners moving out for cheaper rent
Not the same people as the ones buying in Noosa or Byron hinterland or are Mr Wayne customers in WA?
 

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