Agree it seems weird that consumer spending is not yet reflecting the forward looking view of consumers ... interest rates are only just starting to take a bigger bite out of consumer spending power, so I suspect we will see consumer spending slow up pretty quickly over the next 6mths. In addition, I hear the credit stress in unsecured l…
Agree it seems weird that consumer spending is not yet reflecting the forward looking view of consumers ... interest rates are only just starting to take a bigger bite out of consumer spending power, so I suspect we will see consumer spending slow up pretty quickly over the next 6mths. In addition, I hear the credit stress in unsecured lending is starting to emerge over the last 6 weeks. Might be worth chatting with Centrix on this.
Looks like we will talk ourselves into a recession even though economic conditions such as wage growth & unemployment are historically performing really well. As long as the media keeps highlighting the bad news it will become a self fulfilling prophecy.
Agree it seems weird that consumer spending is not yet reflecting the forward looking view of consumers ... interest rates are only just starting to take a bigger bite out of consumer spending power, so I suspect we will see consumer spending slow up pretty quickly over the next 6mths. In addition, I hear the credit stress in unsecured lending is starting to emerge over the last 6 weeks. Might be worth chatting with Centrix on this.
Looks like we will talk ourselves into a recession even though economic conditions such as wage growth & unemployment are historically performing really well. As long as the media keeps highlighting the bad news it will become a self fulfilling prophecy.
Gary Dyall
Hi Voice of Reason I agree but it’s also the depressing world news that we read, see or hear everyday which doesn’t make for happy or joyful times.