I dont think we are too far off it. Well consumer spending is up vs this time last year so that kind of blows tyour theory out of the water we will see a small drop in property short term in the capitals im thinking less than 10% in sydney and melbourne which will be the biggest drop, I dont own property in a capital city
Consumer spending has nothing to do with early super release... Nothing to do with bottle feeding the economy with stimulus via job keeper/seeker payments. Spend now and worry about it Tomorrow. Well, tomorrow is today and the outlook is grim. We were already in a rough state before this "health crisis". The Domino's are stacked and will eventually fall. Government intervention can only temporarily keep the economy afloat. The hospitality and tourism industry will take a lot longer to recover. Unemployment figures will continue to rise and government teat suckling will be maintained until next year.
Wait till the government hand-outs end/decrease dramatically & people have spent all their 'Super early release' money.
looking at this from the current 'we want zero cases' point of view, my logic tells me we can either never open international borders ever again or wait and hope for a successful vaccine or let it ride and see if there is any herd immunity. New Zealand's stance of eradication has left them in this predicament right now. they can never reopen their border to outsiders if they want to maintain what they have now. no one is going to add 2 weeks of quarantine to the start of their NZ holiday.
maybe but your assuming this will be a long term as I said is is going to be back to normal before these stimulus measures end and people spending on unnescessary stuff shows the majorty are not worried. I disagree about the hospitality and tourism industries being in trouble either, curently people can not go anywhere overseas if that does not change more will holiday and eat out etc locally. its a health crisis that will dissapear as quickly as it came about
Here is an interesting fact when considering the magnitude of moves that are possible when Silver and Gold go on a tear. In the April 2011 when silver made its high of USD49.80 the price moved more than USD12 in the month a 30% move in just one month. In Aug 2011 when gold made its high of USD1921 the low was low was USD1533. Huge movements are the order of the day when PM is being repriced.
we are in a recession but you deny that this is a financial problem and say this is a health crisis lol you say hospitality and tourism isnt effected by this, when no one else on this planet agrees with that BS. your the fool if you cant understand it can be and is both an economic and health crisis. you live up to your name, your here and we are laughing at you. you even call your self a fool with your name on this forum, you tick every box. lol
your the only one calling it a financial crisis -- again no MSM hedia article I can recall has ever called it this As for hospitality and tourism Long term I said it is yet to be seen if it will be a problem again with international travel banned locally could get a boost and offset international visitors. you say a financial crisis but consumer spending is up confidence is up and as for recessions well oficially we techinally are not in one yet as we have not had 2 x quarters of negative growth yet.
$10000 says next quarter will be officially recession, your going to reject that one too? there is no hope for you dude. take the bet not that i think you have the money or are good for it.
again as your wrong about everything else you also said we are IN a recession when we simply are not yet. It may well happen but I am not 100 sure% a bit like Killary was defently going to be elected president and Britan would defently stay in the EU your making a prediction and stating ti as a fact when you may not be corrrect ( and your wrong about everything else you have said )
Domestic tourism won't get close to compensating for the 10 million (?) tourists that were expected to come & splash their cash in 2020. A lot of the oldies will also 'stay home, stay safe'. + International tourist inject 'new money' into the economy.
no we techinally are NOT in a recession until we get the results for the full quarter again you like digging youself a hole are you willing to place the $10k in escrow
maybe you dont understand what escrow stands for it means you give $10k to a trusted 3rd party noyour pretty thick so it does not surprise me
I can't wait to see court jester lose 10k on this bet. Just incase you didn't know what you're betting against, jester. LMFAO
