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  1. Crabnet

    Is Australia facing the first recession in 20 years?

    There is a back story here. Paradise Retail Holdings, which owns and runs the Pet's Paradise chain, Billy Baxters and Warner Bros' Australian retail operations was put into provisional liquidation over an unpaid debt of $1.3 million from an April court judgment. The liquidation came about over...
  2. Crabnet

    Is Australia facing the first recession in 20 years?

    Some relevant info here. Seems many of the new jobs being created involve Government funding or subsidy. There's one thing we know about subsidies is that they tend to increase the price paid by the end user. Not looking good for productivity...
  3. Crabnet

    Is Australia facing the first recession in 20 years?

    I think they do, anyhow on-line is quite a small amount of the overall retail pie percentage wise, mostly concentrated in a few areas of sales and most Australian online sales are with Australian sites. If you are a bricks and mortar store competing with those popular online items then you would...
  4. Crabnet

    Is Australia facing the first recession in 20 years?

    These particular reports are only a guess. Good for tracking trends. Australian Bureau of Statistics reps survey door-to-door, then subsequently phone up to ask whether any one had worked or looked for work in the last fortnight. If you are looking for work you are unemployed. The hours...
  5. Crabnet

    Is Australia facing the first recession in 20 years?

    Hmmm, with that deflation reported in the figures it looks like an ideal time to introduce a price on carbon ;)
  6. Crabnet

    Is Australia facing the first recession in 20 years?

    My wife flies over there every couple of weeks to do shopping centre promotional sales. She tells me the customers are tight with their money probably because they are home owners with mortgages. The reason she has to fly there is because they can't find suitable locals to take on the work...
  7. Crabnet

    Is Australia facing the first recession in 20 years?

    Well if you read an article like this one, http://english.cnstock.com/enghome/homeheadline/201205/2043314.htm that may be the source of some of those other articles there is a point of view that says "in the long term, China should still continue stoking its domestic demand to prevent these...
  8. Crabnet

    Is Australia facing the first recession in 20 years?

    Hastie seem to have made themselves vulnerable by taking over companies for top dollar on borrowed funds. On top of that they, along with some other Australian companies lost out on deals done in Dubai. What is it with Australian companies and losing money on overseas expansion attempts...
  9. Crabnet

    Is Australia facing the first recession in 20 years?

    Re First Fleet, There seems to ba a back story, "Stephen Brown used to give each of his staff a ham at Christmas. He was a knockabout bloke, a generous boss who insiders say was always willing to put a hand in his pocket to help a friend in need. But in the wake of his company's collapse...
  10. Crabnet

    Is Australia facing the first recession in 20 years?

    The anecdotal information has been supported by recent profit results of some publicly listed companies. Harvey Norman, JB Hifi, Woolworths included. Obviously people are still spending but some retailers are being squeezed by price deflation of the goods they sell, rising costs and competition...
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