Australian (ASX) Stock Market Forum

The state of the economy at the street level

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rcw1 said:
Good evening divs4ever
Look after one's assets, like car and stuff. Then try to fix things yourself.... and buy your own parts. If cannot ask somebody who can... mates rates, a carton ha ha ha ha

Kind regards
rcw1
Click to expand...
good evening ,

yes that can work as well if you can get the right parts and skills ( and buddies )

a lot of modern stuff is very hard ( and expensive ) to repair

maybe i should buy extra axe-handles for great uncle's axe it works better than most chainsaws ( and no petrol needed )
 
divs4ever said:
good evening ,

yes that can work as well if you can get the right parts and skills ( and buddies )

a lot of modern stuff is very hard ( and expensive ) to repair

maybe i should buy extra axe-handles for great uncle's axe it works better than most chainsaws ( and no petrol needed )
Click to expand...
either that orrrrrrrrrrrrrr maybe use as an anchor ha ha ha ha ha ha ha ha ha ha ha orrrrrrrrrrrrrrr make an artificial reef :)

Kind regards
rcw1
 
the axe works fine , the steel-cap boots weren't ( some sort of alloy ):speechless: ... just missed the webbing between the big toeo_O

three inches of gum tree and a toe cap ... one day i should sharpen it up properly
 
Smurf1976 said:
A former neighbour of mine worked for one of the majors.

One of his jobs was to check competitor's pricing. He did so blatantly and the competitors would've known full well what was going on when someone's walking around their shop with a clipboard and pen whilst not buying anything. Can't get more blatant than that (this was decades ago hence the clipboard and pen not an electronic device).

Lots of industries would be the same. Someone's keeping a check on what others are charging either directly or indirectly. I know airlines do it - staff actually fly with the competition as a passenger and report back with every detail.

Radio's another one. When I was a kid my mother worked in radio - go into their offices and the station being listened to wasn't their own but the main competitor. :2twocents
Click to expand...
So nothing is new about this, only the application of how it is done now.
 
Smurf1976 said:
A former neighbour of mine worked for one of the majors.

One of his jobs was to check competitor's pricing. He did so blatantly and the competitors would've known full well what was going on when someone's walking around their shop with a clipboard and pen whilst not buying anything. Can't get more blatant than that (this was decades ago hence the clipboard and pen not an electronic device).

Lots of industries would be the same. Someone's keeping a check on what others are charging either directly or indirectly. I know airlines do it - staff actually fly with the competition as a passenger and report back with every detail.

Radio's another one. When I was a kid my mother worked in radio - go into their offices and the station being listened to wasn't their own but the main competitor. :2twocents
Click to expand...

Good to see that there is some genuine competition among supermarkets. :cool: :roflmao: :rolleyes:

The same obviously goes on with petrol stations.

If they find a lower price they may lower their prices, if they find a competitor is charging more they could raise their prices so they don't "miss out" on the profits so it all evens out in the end.
 
Many years ago, a paranoid client of mine who was in the quarrying industry asked me to do a security audit of his computer systems, as he thought that the "big boys" like Boral and Pioneer were hacking into his computer systems to find his pricing mechanism and thus were undercutting him. I told him that if his competitors wanted to know his pricing, they did not need to hack into a computer, all they had to do was to get one of the employees to ring up and get a quote for a delivery of stone.
Same with the grocery boys.
They don't even need to go into he store and check prices.
With home deliveries now, you can go online and see the prices from your office.
mick
 
Just an observation but I'm noticing the focus of business advertising seems to be shifting from "we have the best quality" to "we're the cheapest".

Not everywhere but I've seen a few random examples, mostly online ads, so it seems to be happening. Just random consumer goods - alcohol, appliances, random things. :2twocents
 
mullokintyre said:
Many years ago, a paranoid client of mine who was in the quarrying industry asked me to do a security audit of his computer systems, as he thought that the "big boys" like Boral and Pioneer were hacking into his computer systems to find his pricing mechanism and thus were undercutting him. I told him that if his competitors wanted to know his pricing, they did not need to hack into a computer, all they had to do was to get one of the employees to ring up and get a quote for a delivery of stone.
Same with the grocery boys.
They don't even need to go into he store and check prices.
With home deliveries now, you can go online and see the prices from your office.
mick
Click to expand...
just because you are paranoid , it doesn't mean your fears are incorrect ,

and SOME businesses actually do engage in some sort of industrial espionage maybe it was a computer hack or maybe a higher level employee ( or maybe it was all imagination ) and SOMETIMES it is something else again ( say collusion by major players )

HOWEVER price monitoring by the bigger super-markets has occurred in the past ( and might still happen )

there are some interesting nuances in large retail these days ( that many are unaware of , like paying for prime shelf positions ( to lift market share over rival brands )
 
This analysis is pretty grim. From my perspective I think the vast majority of working people with a home loan or renting are going to be squeezed till the pips crack. Realistically most working households don't have large buffers beteen income and outgoings. The jumps in interest rates, rents and general living costs vs stagnant wages will be grim.

Nouriel Roubini warns of stagflation crisis as interest rate surge sinks economy, not inflation​

By The Business presenter Alicia Barry and business reporter Michael Janda
Posted 6h ago6 hours ago, updated 1h ago1 hours ago
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Nouriel Roubini warns of a "perfect storm of recession, stagflation and debt" ahead.
Help keep family & friends informed by sharing this article

Link copied
The man dubbed "Dr Doom", US-based economist Nouriel Roubini, is warning that the world is facing a "perfect storm" of high inflation, rising interest rates and recession that will be "the worst of all worlds for workers".

Key points:​

  • Economist Nouriel Roubini is tipping a "great stagflationary debt crisis"
  • Dr Roubini warns the US Federal Reserve may be forced to lift interest rates above 6 per cent to get inflation under control
  • The man dubbed "Dr Doom" warns this could trigger a spiral of recession and debt defaults

Employees in Australia may already feel some appreciation for Dr Roubini's argument.
This week's National Accounts from the Bureau of Statistics showed real household disposable income per capita fell for the fifth straight quarter as inflation-adjusted hourly pay plunged 5.4 per cent, with real wages virtually unchanged from 2012 levels.

For many Australians, it may feel like stagflation — a situation where the economy is shrinking even as prices keep rising — is already here.
But Dr Roubini expects things to get much worse across the so-called advanced economies as the year unfolds.

www.abc.net.au

'Perfect storm' about to hit global economies and markets, warns leading economist Nouriel Roubini

The man dubbed "Dr Doom", US-based economist Nouriel Roubini, is warning that the world faces a "perfect storm" of high inflation, rising interest rates and recession that will be "the worst of all worlds for workers".
www.abc.net.au www.abc.net.au
 
divs4ever said:
just because you are paranoid , it doesn't mean your fears are incorrect ,

and SOME businesses actually do engage in some sort of industrial espionage maybe it was a computer hack or maybe a higher level employee ( or maybe it was all imagination ) and SOMETIMES it is something else again ( say collusion by major players )

HOWEVER price monitoring by the bigger super-markets has occurred in the past ( and might still happen )

there are some interesting nuances in large retail these days ( that many are unaware of , like paying for prime shelf positions ( to lift market share over rival brands )
Click to expand...
Now surely paying for the eye level shelf is just not Australian, surely ? ?
 
farmerge said:
Now surely paying for the eye level shelf is just not Australian, surely ? ?
Click to expand...
from memory not just the eye-level , a lady i once knew was a company sales rep , those hangers on the centre-post ( between shelves ) , the check-out ends of the aisle , at child height for certain lines , much the same ( pricing ) model as commercial real estate ,

however i have no anecdotal evidence of what happens outside Australia ( but it would be strange if that model only existed in Australia )
 
divs4ever said:
from memory not just the eye-level , a lady i once knew was a company sales rep , those hangers on the centre-post ( between shelves ) , the check-out ends of the aisle , at child height for certain lines , much the same ( pricing ) model as commercial real estate ,

however i have no anecdotal evidence of what happens outside Australia ( but it would be strange if that model only existed in Australia )
Click to expand...
Guaranteed to be worldwide . Never took kids shopping for that very reason. Hand and eye level.
 

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