“We saw retail sales up over Christmas by seven and a half per cent but the first big retailer to come out
with numbers … was Super Retail,” Mr Phillips told Sky News Australia.“It’s been a really big spending season.”
Most expenditure is mandatory. Retailers and service providers are raising their prices often by 20%, and home owners aren't affected by interest rates. Worse, it isn't a demand issue but a supply issue. The RBA are cavemen hitting people with sticks to subdue them.
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Airline ‘capacity’ and ‘profitability’ margins kept prices low for consumersThe Motley Fool's Chief Investment Officer Scott Phillips says airline “capacity” has been higher than profitability margins which kept pricing down for consumers making it a 'tough industry'. “This has been a terrible industry for 50 years because there has always been way too much capacity relative to the profitability of those airlines,” Mr Phillips told Sky News Australia. “Which has been great for us consumers. “They haven’t dropped prices to compete for seat capacity. “Individually they’ve said, look let’s not add seats; why would you do that? “Let’s make sure the planes are really, really full; let’s make sure we maximise the profit per seat mile.”
Source: SkyNewsAust - 🏆 7. / 78 Read more »