10 good reasons to avoid the Boxing Day salesThink you’ll score a bargain by braving the Boxing Day crowds? Think again. Holiday sales are full of false hope, dodgy deals and secret scams — not to mention the brutal bargain-hunter crowds.
Consumer spending
The “must have” items this Christmas: zilch, nada and zip
Retailers face a big problem this Christmas season: apart from the generally uncertain economy, there is no big “must have” item to sell this year. Where is 2009’s XBox or Tickle Me Elmo?
Big Government hiding an inconvenient truth
If you believe Nobel-Prize winning New York Times commentator Paul Krugman, we’ve all been saved by the state and their quick thinking Big Government. Except, the worst may not be over.
US grows but without any sign of recovery
A smaller decline in US growth cheered many commentators, but in reality the bald figures disguised a horrible truth: the economy is more reliant on the government.
Political snippets: ABS paint a very pretty picture
Good economic news for the Government, news from the Afghan front and more from the eagle-eye of Richard Farmer.
Private credit drops 0.1%
Despite the surge in profits at our major retailers, private credit dropped 0.1% in May.
There’s no other earnings surge like David Jones
It seems Australian shoppers are not letting a small rise in unemployment or sluggish times in the broader economy get in the way of a good spend.
Retail sales flat as consumers curtail non-essential spending
Another flat set of numbers on consumer spending have been released by the ABS, reports Glenn Dyer.
Morning Market Report
The highlights and lowlights of this morning’s sharemarket activity.
