The state of the economy at the street level

[Humid]

Job creation is a poor metric from which to judge the economy.

It should be judged on the total amount of goods and services being produced, distributed and consumed.

If you judge based on job creation, you would have to say that the USA’s agricultural sector has not grown in 200 years.

Because today there is pretty much the same number of people employed on farms as there was in 1819 when 80% of the population worked on farms.

But today less than 1% of the USA work on farms but they feed a population almost 100 times the size they used to.

Jesus if that’s street level spare me the full analysis

 

[basilio]

Challenging insight into the world economy and in particular unrealistic stock market levels

Four flashpoints that may unsettle booming stock markets in the coming year

https://www.abc.net.au/news/2019-07...t-may-unsettle-booming-stock-markets/11354772

 

[qldfrog]

https://www.news.com.au/finance/wor...a/news-story/5b777f661b50354498416bed24922d84
Interesting but not exactly rosy facts, not that I'm surprise

 

[moXJO]

People seem to be spending a bit on tradies the last couple of weeks

 

[Humid]

https://www.smh.com.au/business/the...n-of-100-000-jobs-losses-20190730-p52c4v.html

 

[jbocker]

Perth. 3 Hrs Free parking in the CBD on weekends. Locate the homeless into day shelters to improve the shopping appeal in the city.
These are small attempts to draw the shoppers onto the streets. Street level indicators on how tough it must be for the shop owners

 

[IFocus]

Talking to a solar salesman the other day filling in time waiting for the wife at local shopping centre (deep south.....Mandurah) 40 years of selling he said worst he has ever seen by far.

 

[SirRumpole]

Of course the fact that negative gearing won't change should have fixed this issue, right Scott ?

 

[Value Collector]

Talking to a solar salesman the other day filling in time waiting for the wife at local shopping centre (deep south.....Mandurah) 40 years of selling he said worst he has ever seen by far.

Means it’s probally the best time for buying.

But I guess it depends what you are selling. Disney movie studios for example is breaking records, Fortescue Iron ore is killing it etc etc, so my portfolio is doing well.

 

[IFocus]

Means it’s probally the best time for buying.

Agree, house prices are get hammered locally but with stagnate wages, high debt levels I do wonder how those less well of are going to fare.

But I guess it depends what you are selling. Disney movie studios for example is breaking records, Fortescue Iron ore is killing it etc etc, so my portfolio is doing well.

$120 iron ore pricing certainly has given the local producers a boost but i do note small head and shoulder patterns starting to form in their stock prices.

 

[Value Collector]

$120 iron ore pricing certainly has given the local producers a boost but i do note small head and shoulder patterns starting to form in their stock prices.

I watch profits and dividends rolling in, not charts.

 

[IFocus]

I watch profits and dividends rolling in, not charts.

Long may it continue VC

 

[moXJO]

Talking to a solar salesman the other day filling in time waiting for the wife at local shopping centre (deep south.....Mandurah) 40 years of selling he said worst he has ever seen by far.

Opposite here. Guys are flat out. Was talking to him on Monday.

 

[moXJO]

https://www.smh.com.au/business/the...n-of-100-000-jobs-losses-20190730-p52c4v.html

A month ago I was all doom. But suppliers and trades have all been saying that the work has come flooding in the last few weeks (nsw)

 

[sptrawler]

Of course the fact that negative gearing won't change should have fixed this issue, right Scott ?

I really would have loved to have seen the carnage, if the negative gearing changes had come in, or are you saying it would have been better?

 

[SirRumpole]

I really would have loved to have seen the carnage, if the negative gearing changes had come in, or are you saying it would have been better?

I doubt if it would have made much difference (as the Treasury said), except the government would be $8 billion a year better off.

 

[SirRumpole]

More signs of the falling property market.

Developers going broke, the canaries in the mine ?

https://www.abc.net.au/news/2019-08...cks-showing-as-major-developer-falls/11374464

 

[sptrawler]

I doubt if it would have made much difference (as the Treasury said), except the government would be $8 billion a year better off.

Obviously most of the voting public didn't agree.
Also all the property reports, since the election, mention the improved sentiment since the policy was removed.

 

[SirRumpole]

Obviously most of the voting public didn't agree.
Also all the property reports, since the election, mention the improved sentiment since the policy was removed.

I don't see improved sentiment when building companies are going broke.

 

[satanoperca]

Obviously most of the voting public didn't agree.
Also all the property reports, since the election, mention the improved sentiment since the policy was removed.

The public are dumb, but regardless, you can have your sentiment, figures are figures and with the latest core logic report with Perth down over 20% from peak in 2014, sentiment makes no f---king difference.

I am with Sir on this, when developers fall over in the tune of half a billion dollars and more to come, the writing is on the wall, just taking some time for people to see it.

I expect Perth to go down at least another 10-15% in the next 3 years and the majors to follow.

As for the election, have you looked at what these dumb arse have been adding to the national debt.