The state of the economy at the street level

[moXJO]

I have 4 kids most with partners and 8 grandkids, who live in all levels of society and range from 4 years old to 46 years old.
They live from Midland in social housing, down to South of Collie on acreage, so a pretty wide demographic

I also socialise with heaps of people in Mandurah, from people who live on the canals to people who live under the bridge, so I actually think I get a fairly wide exposure to society, my observations maybe incorrect and everything maybe fine.
Time will tell.

I have the same experience across a large demographic. Sons from 8 to 20s. I also train a lot of guys, exposed through multiple businesses, etc.
It's a noticeable shift in attitudes.

 

[IFocus]

Are you sure?
I talk to a lot of the fly in miners and they are one of the most depressed socially isolated guys I know. Are you just surface level talking to them?

The FIFO crew are a mixed bag most cope pretty well some really suffer their lives are way better than when I did it, on construction you were lucky to get a week off (unpaid) every three months.

 

[qldfrog]

I have the same experience across a large demographic. Sons from 8 to 20s. I also train a lot of guys, exposed through multiple businesses, etc.
It's a noticeable shift in attitudes.

For my part and limited circles, the covid lockdown, forced jabs and damages remove whatever legitimacy trust people had in the system.
Do you realise we just got our politician voting a law to prevent social media accessto pre 16y old..
Both sides...
People with any common sense/real life experience just shake their heads and think in which ******* planets do these morons live?
And they tell me there is no inflation?
Nothing to do with neg gearing, girls may want to believe the woke storyline etc, after all protected jobs, special treatment, etc..they are not all fool but can pretend to believe the ****, it's in they interest so why not but young men being so austracised nowadays, and no room for freedom for these suburban kids, speed camera at 50km/h, you are a ******* criminal inhaling water vapor in Australia FFS, we do not even have a Joe Rogan or Jordan Peterson.
No even drinks or sex, contraband cigarettes or drugs the only window left for many
Any lone wolf blownout would not be a surprise here
So expect coming explosions.
And it might be ugly.

 

[mullokintyre]

Getting Back to the topic, I was at a Christmas function last night.
Got talking to a dairy farmer in our region.
he wanted to put in a large rotary dairy on his property to replace the ancient herringbone system he had.
From the time the design started to the time he got approval to build the dairy was 3.5 years.
The design only took 3 months.
The rest was getting permitting from local council, EPA, CFA, and whole bunch of other hangers on.

Mick

 

[farmerge]

Getting Back to the topic, I was at a Christmas function last night.
Got talking to a dairy farmer in our region.
he wanted to put in a large rotary dairy on his property to replace the ancient herringbone system he had.
From the time the design started to the time he got approval to build the dairy was 3.5 years.
The design only took 3 months.
The rest was getting permitting from local council, EPA, CFA, and whole bunch of other hangers on.

Mick

Typical and I guess the cost per transaction wasn't a dollar each time either.

 

[over9k]

NZ now officially in recession, any kiwi's on this forum?

 

[wayneL]

I am investing in wheelbarrows. They will be in high demand for carrying around bundles of $100 notes to buy a stale loaf of bread.

 

[sptrawler]

This is an interesting article, I wonder if the other banks and car makers will have something to say about it? It seems a weird sort of Federal handout, if it is true.
But E.V sales have fallen off a cliff, so any members on low income who need an EV, here is your chance.

MSN

The Federal Government has announced it will help finance low-interest loans to help Australians – including essential workers – buy an electric car.

The Commonwealth Bank will receive $150 million from the government-run Clean Energy Finance Corporation to offer “low-interest” loans for workers earning less than $100,000 a year, plus essential workers such as police officers, teachers, fire fighters and nurses.

It’s claimed the interest rates on the loans will be “up to 5 percentage points lower than standard rates,” the Federal Government said in a media release, and could save buyers “more than $8000 for a $40,000 loan with a seven-year term”.

Funding will go towards “discounted loans for new and used EVs worth up to $55,000, as well as home EV charging equipment,” Minister for Climate Change and Energy Chris Bowen’s office said.

 

[qldfrog]

Did some shopping in Sunshine plaza, biggest shopping centre on the sunny coast and was happily surprised by how quiet it was a week from Christmas.
Maybe pure luck but far from the mayhem i remembered for school holiday pre xmas.

 

[moXJO]

NZ now officially in recession, any kiwi's on this forum?

They are all moving here because groceries are absolutely ridiculous there along with the bills.

 

[moXJO]

Mall restaurants are quiet. It's packed in the malls here. Not sure about spending though. People are buying. Weekends seem to be doing more trade.

 

[divs4ever]

NZ now officially in recession, any kiwi's on this forum?

does a half count ? ( my father was born in NZ )

i was under the impression NZ has been officially in recession for at least 3 months ( maybe since Jacinda left the Prime Minister spot , although it may have been unofficially in recession for all of 2024 ) and the amazing thing they are honest about it ( must be too deep to paper over )

am still circling , looking for ( ASX-listed ) NZ-recession bashed stocks , so far only nibbling on SPK ( one of their telcos )