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gruffydd

Retail Picked Up In September

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http://today.reuters.co.uk/news/newsarticl...TAIN-RETAIL.xml

LONDON (Reuters) - Retail sales probably picked up modestly in September

Something to do with them starting the sales 6 months early? number of transactions probably picked up due to people getting crimbles presents early...

Immmm Dreaming of a Bleak Christmas...

Like the one in '89

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SPIN it any way you like - Sept to Dec is by far (historically) the biggest period for retailers - makes the rest of the year worth living for. If you disagree, wake up and look at the ONS website RSI figures for the last 20 years. Fact.

Retail ALWAYS picks up in Sept. But this report says "but in year-on-year terms, growth of just 0.2 percent was seen -- the weakest annual rate since August 1995"

Put that in your pipe and smoke it.

All HPCers have ever really said is that we think we are near/at/past the top of a business/economic/asset cycle and we don't buy the arguments the usual suspects put out to try to support things.

On the ground just about everyone I know (from the £30k a year guy to the £200k a year guy) has tightened the belt and this Xmas WILL be dire sales wise (worst since early 90s IMO).

Tell me bulls, what does that mean? Even 2% off rates will not help now, the money and debt burden is out there and not going away.

BTW, although companies are leaner etc these days they (particulary in retail) sector have pared stock overhang to the bone, operate "just in time" delivery/logistic systems etc - when their pain is reported these days the effects are felt far quicker and they are far closer to meltdown than the end of the last cycle.

Redundancies galore in New Year.

This is not actually a HP specific rant but an general economic one - but HPs will be affected by the fall out/sentiment.

There I've said it.

Edited by Tempest

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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