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- 30 June 2008
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Similar to me.Had a discussion with a refrigeration mechanic on Thursday.
In short, work's fairly busy at the moment despite them expecting it wouldn't be. Reason being there was a huge rush on air-conditioning installation during the pandemic so they'd expected a slowdown but it hasn't happened yet.
Then they had a rant about politics which I didn't prompt for the record.
every time they ring up to sell me private health insurance , as soon as i tell them i am on a disability pension ... they hang upMeanwhile, back in the real world where people live and eat.
View attachment 164000
Edited : HEM is the Household Expenditure Measure.
Mick
hello the boffins at the top of the tree are waking up. Not everyone is flush with spare coin.nothing like an anecdote.
In Woolworth’s Big W chain, where sales were down 5.5 per cent in the first quarter, the toy department provides a good example of how consumers are thinking.
Big-ticket items, such as large Lego sets, are out, while smaller treats are in. CEO Brad Banducci revealed the chain sold a remarkable 680,000 toy Hot Wheels cars in the September quarter; at $2 each, or five for $9, this is a gift still within reach.
This is also the only explanation I can come up with for the rampant spending I'm seeing.People are burning through their savings. The crunch won't be pretty
Not to sure about rampant spending with the people I deal with, though they are certainly forking out mega bucks on fencing this year. Perhaps a different type of animal, spending it because they have and they can.This is also the only explanation I can come up with for the rampant spending I'm seeing.
is that a bad thing ( if they are spending wisely )People are burning through their savings. The crunch won't be pretty
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