It's the economy, stupid!

 
  RTT_Rules Oliver Bullied, CME

Location: Dubai UAE
Bingo! The AU$ is trading at US$0.599 this morning, the lowest its been since 2003; the ASX has also lost 200 points this morning and is now down to 5,100.

Biggest losers on the stock exchange include Qantas (of course), Afterpay, Worley Engineering and Woodside.
Meanwhile my wife is burning 65h a week trying to keep up with her job and long list of projects.

Don, you mentioned trying to catch a falling knife is investing on the share market. Ask all the people who have made big money from the share market what they do?

Its actually quite simple, what ever everyone else is doing, do the opposite and yes timing and some luck does come into it.
Plenty of money to be made on the sharemarket lately.

Collins Foods (ASX: CKF), owner of hundreds of KFC outlets in Australia and in recent years started buying up outlets in the Netherlands, besides their ownership of Sizzler and soon to be an exponentially expanding rollout of Taco Bell, have seen a steep decline in their share price lately, along with most other stock but particularly in the Consumer Discretionary segment.

Recent company announcements revealed a team member in Qld tested +ve to COVID-19 and three days later that all Dutch stores would close until April 4th. Share price has dived from almost $10 in late Feb. On Wednesday, share priced touched a low of $3.50 before an announcement that outlets are operating normally sans eat-in; takeout and drive thru are operating as normal. Later that day the share price reached $5.00 (40% gain within the day) and closed at $4.98.

As Rex Hunt would say, thank your mother for the rabbits! Laughing
DirtyBallast
Did we just agree on something?

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  don_dunstan Minister for Railways

Location: Adelaide proud
The new Jobseeker Allowance (replacing Newstart) will be more than doubled from $510 per fortnight to $1060 per fortnight for the next six months - the $750 ScoMo funny money will also be doubled with another $750 to be paid later next month.

It's raining money!
  wobert Chief Commissioner

Location: Half way between Propodolla and Kinimakatka
Just imagine the uproar from the LNP and their right wing acolytes if Kevin Rudd or Wayne Swan suggested a stimu    oh hang on ummm....... and another million irony meters bite the dust
  michaelgm Chief Commissioner

Just imagine the uproar from the LNP and their right wing acolytes if Kevin Rudd or Wayne Swan suggested a stimu    oh hang on ummm....... and another million irony meters bite the dust
wobert
Next labor government will spend the first term at least, saying they are fixing the LNP’s debt and deficit disaster.
  wobert Chief Commissioner

Location: Half way between Propodolla and Kinimakatka
Just imagine the uproar from the LNP and their right wing acolytes if Kevin Rudd or Wayne Swan suggested a stimu    oh hang on ummm....... and another million irony meters bite the dust
Next labor government will spend the first term at least, saying they are fixing the LNP’s debt and deficit disaster.
michaelgm
Karma
  don_dunstan Minister for Railways

Location: Adelaide proud
NSW and VIC now suspending all 'non-essential' businesses from operating... excluding supermarkets, logistics/transport, medical/hospital, chemists etc. To be phased in over the next two working days with schools now shutting in NSW/VIC on Wednesday with school holidays being declared early.

Apparently supermarkets across the nation have started to experience panic-buying of EVERYTHING, including cleaning products, fresh food, pet food, dairy, biscuits, tea/coffee etc.

People aren't heeding Scotty's warning to stop their naughty hoarding behaviour - although maybe they SHOULD be worried?
  RTT_Rules Oliver Bullied, CME

Location: Dubai UAE
Just imagine the uproar from the LNP and their right wing acolytes if Kevin Rudd or Wayne Swan suggested a stimu    oh hang on ummm....... and another million irony meters bite the dust
Next labor government will spend the first term at least, saying they are fixing the LNP’s debt and deficit disaster.
michaelgm
Every-term until voted out again, just like LNP.
  RTT_Rules Oliver Bullied, CME

Location: Dubai UAE
Just imagine the uproar from the LNP and their right wing acolytes if Kevin Rudd or Wayne Swan suggested a stimu    oh hang on ummm....... and another million irony meters bite the dust
wobert
I don't think too many critised the need to spend, it was in the how (batts for example) and when was it going to stop, they were still spending when they left in 2013 nearly 5% more than they were generating.

How long will it take to re-balance the budget and what will be the final bill this time? If you listen to some people here the govt should have been spending Chinese money last year! At least we won't have to repay that bit back.
  DirtyBallast Chief Commissioner

Location: I was here first. You're only visiting.
Bingo! The AU$ is trading at US$0.599 this morning, the lowest its been since 2003; the ASX has also lost 200 points this morning and is now down to 5,100.

Biggest losers on the stock exchange include Qantas (of course), Afterpay, Worley Engineering and Woodside.
Meanwhile my wife is burning 65h a week trying to keep up with her job and long list of projects.

Don, you mentioned trying to catch a falling knife is investing on the share market. Ask all the people who have made big money from the share market what they do?

Its actually quite simple, what ever everyone else is doing, do the opposite and yes timing and some luck does come into it.
Plenty of money to be made on the sharemarket lately.

Collins Foods (ASX: CKF), owner of hundreds of KFC outlets in Australia and in recent years started buying up outlets in the Netherlands, besides their ownership of Sizzler and soon to be an exponentially expanding rollout of Taco Bell, have seen a steep decline in their share price lately, along with most other stock but particularly in the Consumer Discretionary segment.

Recent company announcements revealed a team member in Qld tested +ve to COVID-19 and three days later that all Dutch stores would close until April 4th. Share price has dived from almost $10 in late Feb. On Wednesday, share priced touched a low of $3.50 before an announcement that outlets are operating normally sans eat-in; takeout and drive thru are operating as normal. Later that day the share price reached $5.00 (40% gain within the day) and closed at $4.98.

As Rex Hunt would say, thank your mother for the rabbits! Laughing
Did we just agree on something?
RTT_Rules
Barely. Gerry Harvey recently attempted to catch a falling knife and lost $1.5m in one day, and if he didn't then cut his losses, is now further behind:
https://www.smh.com.au/business/companies/i-think-i-ve-made-a-mistake-gerry-harvey-loses-1-5m-trying-to-beat-plunging-market-20200310-p548ph.html

Warren Buffet famously buys when other are selling and sells when others are buying, but I am led to believe this is on daily spikes or corrections that occur for no good reason rather than a global phenomenon.

I gave an example of how money could be made, that's all. The moral of the story is that it pays to be informed.
  DirtyBallast Chief Commissioner

Location: I was here first. You're only visiting.
The new Jobseeker Allowance (replacing Newstart) will be more than doubled from $510 per fortnight to $1060 per fortnight for the next six months - the $750 ScoMo funny money will also be doubled with another $750 to be paid later next month.

It's raining money!
don_dunstan
Which begs the question - where was it previously?
  wobert Chief Commissioner

Location: Half way between Propodolla and Kinimakatka
Just imagine the uproar from the LNP and their right wing acolytes if Kevin Rudd or Wayne Swan suggested a stimu    oh hang on ummm....... and another million irony meters bite the dust
I don't think too many critised the need to spend, it was in the how (batts for example) and when was it going to stop, they were still spending when they left in 2013 nearly 5% more than they were generating.

How long will it take to re-balance the budget and what will be the final bill this time? If you listen to some people here the govt should have been spending Chinese money last year! At least we won't have to repay that bit back.
RTT_Rules
Rewriting history again.  Give it up Shane, you have no idea. I'm not going through all this same old same old with you when you take absolutely no notice of links to evidence refuting your ideological bias. If any one else wants to bore themselves to death with repetitious nonsense there more than welcome. See how many takers you get.
  RTT_Rules Oliver Bullied, CME

Location: Dubai UAE
Rewriting history again.  Give it up Shane, you have no idea. I'm not going through all this same old same old with you when you take absolutely no notice of links to evidence refuting your ideological bias. If any one else wants to bore themselves to death with repetitious nonsense there more than welcome. See how many takers you get.
wobert
If you so disagree and cannot be bothered to say why, then why bother even posting?

Is this another one of your waffle posts of no substance?

Oh disagree but cannot be bothered explaining why you disagree because maybe not a leg to stand on as it goes against your misaligned ideology, again?

Or are you again trying and failing to justify why Swan who multiple times predicted a balanced budget but failed to do so was still borrowing money in a booming economy 4 years after the GFC?

As I said before, few opposed the spending by Rudd, a cash cow handed to him by the previously govt and I'd rather the govt to borrow money to fix a short term hole than see 100,000's loose their jobs. However the choices of how that was spent and the inability for the govt of the day to rein in spending over the following years in a booming economy with a dollar out of control chasing failed extra tax revenue schemes is what most people critise the Rudd/Gillard/Rudd govt for doing.
  wobert Chief Commissioner

Location: Half way between Propodolla and Kinimakatka
Do irony much
  michaelgm Chief Commissioner

Rewriting history again.  Give it up Shane, you have no idea. I'm not going through all this same old same old with you when you take absolutely no notice of links to evidence refuting your ideological bias. If any one else wants to bore themselves to death with repetitious nonsense there more than welcome. See how many takers you get.
If you so disagree and cannot be bothered to say why, then why bother even posting?

Is this another one of your waffle posts of no substance?

Oh disagree but cannot be bothered explaining why you disagree because maybe not a leg to stand on as it goes against your misaligned ideology, again?

Or are you again trying and failing to justify why Swan who multiple times predicted a balanced budget but failed to do so was still borrowing money in a booming economy 4 years after the GFC?

As I said before, few opposed the spending by Rudd, a cash cow handed to him by the previously govt and I'd rather the govt to borrow money to fix a short term hole than see 100,000's loose their jobs. However the choices of how that was spent and the inability for the govt of the day to rein in spending over the following years in a booming economy with a dollar out of control chasing failed extra tax revenue schemes is what most people critise the Rudd/Gillard/Rudd govt for doing.
RTT_Rules
OK, champ. Let’s wait and see how history judges the Abbott/Turnbull/Morison response.
  wobert Chief Commissioner

Location: Half way between Propodolla and Kinimakatka
Not forgetting we'll be in surplus from our first year in government and all that horse pooh
  RTT_Rules Oliver Bullied, CME

Location: Dubai UAE
OK, champ. Let’s wait and see how history judges the Abbott/Turnbull/Morison response.
michaelgm
Abbott and Turnbull are no longer part of the picture and should be discarded accordingly. Their respective performance or lack of is well known and irrelevant to the current issue.

Morrison is now in the hot seat and history will record how well or bad he and the supporting team manage the country going forward for the next 30 months.
  RTT_Rules Oliver Bullied, CME

Location: Dubai UAE
Not forgetting we'll be in surplus from our first year in government and all that horse pooh
wobert
Did you say something? I thought you were not talking, talking!

As usual, nothing of relevance.
  wobert Chief Commissioner

Location: Half way between Propodolla and Kinimakatka
whoosh
  RTT_Rules Oliver Bullied, CME

Location: Dubai UAE
whoosh
wobert
oh cute, he's making plane noises like my youngest!

Open wide, in comes the jelly!
  michaelgm Chief Commissioner

OK, champ. Let’s wait and see how history judges the Abbott/Turnbull/Morison response.
Abbott and Turnbull are no longer part of the picture and should be discarded accordingly. Their respective performance or lack of is well known and irrelevant to the current issue.

Morrison is now in the hot seat and history will record how well or bad he and the supporting team manage the country going forward for the next 30 months.
RTT_Rules
On this page alone, you’ve referred to Rudd, Gillard and Swan.

Discard accordingly?
  RTT_Rules Oliver Bullied, CME

Location: Dubai UAE
OK, champ. Let’s wait and see how history judges the Abbott/Turnbull/Morison response.
Abbott and Turnbull are no longer part of the picture and should be discarded accordingly. Their respective performance or lack of is well known and irrelevant to the current issue.

Morrison is now in the hot seat and history will record how well or bad he and the supporting team manage the country going forward for the next 30 months.
On this page alone, you’ve referred to Rudd, Gillard and Swan.

Discard accordingly?
michaelgm
So, did you bother read the context for which they were used and the context of the discussion overall? It was abour recession avoidance spending today vs that in 2009/10.
  don_dunstan Minister for Railways

Location: Adelaide proud
On the topic of the economy, I went shopping this afternoon and everywhere I went was dead with the exception of Bunnings and even they were out of certain lines. Got a few large sacks of treated cow sh*t, "dynamic lifter", potting soil and some coil blocks just to keep the mulch up in the veggie garden and keep the front looking good. Veggie seedlings were sold out but most other things were still there: Not so Woolies where toilet paper, tissues and lots of dairy lines were out. Rice, long-life milk, pasta and some of the tinned goods were out too but everything else was pretty well stocked. I went to a Foodland too and they had everything that I couldn't get at Woolies including parmesan and dry pasta; they even had toilet paper. I think their supply chains are probably better because they're local.
  justapassenger Chief Commissioner

I went to a Foodland too and they had everything that I couldn't get at Woolies including parmesan and dry pasta; they even had toilet paper. I think their supply chains are probably better because they're local.
don_dunstan
Were you at a Foodland or a Drakes?

Foodland is part of the national Metcash chain along with IGA and has a national supply chain - the only thing that makes them different from Coleworths is that IGA/Foodland stores are franchises rather than being owned directly by Metcash.

Drakes is now independent and has been setting up their own distribution centre out in the northern suburbs. Drakes stores are also doing the first hour for seniors and people with disabilities, but you won't see the big News Ltd papers giving them the free publicity for it like they did for Coleworths.

I think it's not so much about supply chains but just the people sticking with the Coleworths duopoly and aren't smart enough to try other options.
  Graham4405 Minister for Railways

Location: Dalby Qld
I think it's not so much about supply chains but just the people sticking with the Coleworths duopoly and aren't smart enough to try other options.
justapassenger
Which is all well and good if you have alternatives! We have Aldi, Coles and Woolworths. We do have Foodworks (AURL), but it is a small store that doesn't stock everything we need, generally higher prices.
  ANR Deputy Commissioner

Just went through coles this evening. No tp, paper towels, meat, pasta, rice, just. high quality fruit and vegetables.

Would you believe they had no finish dishwasher powder? Totally sus as to where this stuff ends up.

Scomo said this evening that he is cracking down in this sheat. Especially the drug and medical supplies.

Yes, the neighbouring chemist is still out of children's panadol.

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