Flow-Rider
Burner
Yeah but household debt in Aus is at crazy levels, I'm not sure a lot of people know what they've got themselves into yet.
Nerfonomics
- Thread starter Nerf Herder
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- economics george costanza nerf
fjohn860
Alice in diaperland
B
But the important questions are, will parts shortages finally go away? And will the second-hand bike market continue to tank?
The world is on the brink of another financial crisis, and the next few weeks are key
It's hard to overstate the magnitude of the financial trouble Britain, and because of its financial heft, the world, found itself in this week, writes David Taylor.www.abc.net.au
SummitFever
Eats Squid
Problem with money printing is that it's "worked" for almost a decade probably because everyone was doing it and the fact that our methods of measuring inflation seem broken (and have been hiding the true much higher rate of inflation).
Flow-Rider
Burner
Oh man, the glory days of the high Aud to Pound, reminiscing about those cheap Hope parts from CRC again.
link1896
Mr Greenfield
When William F Meehan III says:
“For those of us willing to admit that we don’t really understand how the U.S. Government can continue to fund its deficit spending…for the first time U.S. debt is now about equal to GDP (Gross Domestic Product), like the sound barrier we once thought if we hit it we might explode…this column will try to explain.”
I don’t feel so bad.
Can The Federal Reserve Print Money Forever? Or, How Continuing To Print Money To Support Deficit Spending May End Badly, With China’s Help
Here's a quiz question: do you really understand how the U.S. Government can spend so much more than it receives? If so, no need to read further.
www.forbes.com
pink poodle
気が狂っている男
Dollar is already drunk dancing against the yen. Dropped 2% in a day. I keep telling myself I will climb up once the hysteria does down...I'm getting nervous.
pink poodle
気が狂っている男
They will soon enough. I will be waiting...eager to relieve them of their burdens.
Flow-Rider
Burner
You monster, I've already seen some mortgagees in possession, it's certainly a sign of what's to come.
ozzybmx
taking a shit with my boobs out
Heading there in a few days. Will walk the shop floor of CRC and search for the bargains of old.Oh man, the glory days of the high Aud to Pound, reminiscing about those cheap Hope parts from CRC again.
Not holding much hope though.
Wouldn't mind the pound tanking some more in the next week or so.
pink poodle
気が狂っている男
A bunch of commercial stuff popped up around here, coupled with a lot of long term vacancies. But I'm not interested in that stuff, I'll be patient.
Flow-Rider
Burner
Here come the shopping trolleys full of Shimano and SRAM
.Commercial is a tough market to be involved with, one of the only private bike parks here on the Goldcoast is going up for sale (80 acres of land), they also have a golf course coupled on there but I bet the land tax killed what profit they made.
Flow-Rider
Burner
I'd personally hold off, but different areas of states seem to be responding differently ATM. CBD areas of major cities have taken a bit of a hit but you will have a clearer picture of what's going to happen after the next few rate rises I would say.
steve jobs' pancreas
Eats Squid
unemployment is regarded as a way of regulating inflation
Asininedrivel
caviar connoisseur
This is what I'm banking on, I think in the next 12 months things will level out (but who knows really).
Current interest rates are not high from a historical perspective, but they are higher than people have seen for a few years.
Spending slows down. house prices drop (a little). Its not about the actual financial situation we are in at the moment but how people feel about it.
Annoying for us as we want to sell in Sydney and buy in coastal NSW. No rush, just wait for better (or worse) conditions.
Similar situation with jobs, they are available but people are nervous.
Confidence is slowly returning and more business are realising they need to spend money to make money.
Looks to me like early 2023 a lot of people will change jobs, mainly to catch up on pay rises they have not been receiving.
And don't listen to the economists; "what is happening now will continue to happen" ROTFLMAO
Spending slows down. house prices drop (a little). Its not about the actual financial situation we are in at the moment but how people feel about it.
Annoying for us as we want to sell in Sydney and buy in coastal NSW. No rush, just wait for better (or worse) conditions.
Similar situation with jobs, they are available but people are nervous.
Confidence is slowly returning and more business are realising they need to spend money to make money.
Looks to me like early 2023 a lot of people will change jobs, mainly to catch up on pay rises they have not been receiving.
And don't listen to the economists; "what is happening now will continue to happen" ROTFLMAO
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Flow-Rider
Burner
It will be interesting to see the Sept retail figures and housing loan figures.
steve jobs' pancreas
Eats Squid
Sept retail will be up
Squidfayce
Eats Squid
It's a given that there will be people in stressed financial situations making tough decisions, but there are a number of yet unknown variables that could scuttle your hopes of any bargains in the medium term.