Boomed! - Retail sales rise - Contractor UK Bulletin Board

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Purple Dalek replied

18 December 2008, 11:54
Originally posted by sasguru View Post

Those were the November sales figures. They were higher than November last year.
Suggests all the doom in the media is having less effect than we think.
Or maybe the low interest rates are having an effect.

I bought all my xmas presents and cards in November. You know how the Royal Mail is nowadays, you just have to.
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DS23 replied

18 December 2008, 11:45
exactly
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scooby replied

18 December 2008, 11:44
Originally posted by DS23 View Post

or people have been buying their xmas presents early.

before losing their jobs.
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DS23 replied

18 December 2008, 11:43
or people have been buying their xmas presents early.

Last edited by DS23; 18 December 2008, 11:43. Reason: gar
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sasguru replied

18 December 2008, 11:38
Originally posted by Purple Dalek View Post

Yes, I do believe that is something the OP may have missed.

Those were the November sales figures. They were higher than November last year.
Suggests all the doom in the media is having less effect than we think.
Or maybe the low interest rates are having an effect.
Leave a comment:
Purple Dalek replied

18 December 2008, 11:35
Originally posted by scooby View Post

Its Christmas. People buy presents at Xmas.

Yes, I do believe that is something the OP may have missed.
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scooby replied

18 December 2008, 11:33
Its Christmas. People buy presents at Xmas.
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BrilloPad replied

18 December 2008, 11:30
Apparently alot of employers waiting for January to start the big layoffs. Retail sales could well plummet during 2009.
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BrilloPad replied

18 December 2008, 11:30
I thought the stimulus was just to get Brown re-elected? Well, actually, elected in the first place......
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DiscoStu replied

18 December 2008, 11:28
You sure it wasn't just because we all went to the Woolworths closing down sale?
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sasguru started a topic Boomed! - Retail sales rise

18 December 2008, 11:26
Boomed! - Retail sales rise

http://news.bbc.co.uk/1/hi/business/7789311.stm

The Great British shopper - resilient as ever

I am starting to get the impression that all the stimulus being given to both the US and UK economies is overdone and motivated by fear of not doing the right things with the threat of depression looming. Bernanke is obsessed with the Great Depression and no doubt has influenced his Brirish counterparts.

And with the pound falling, as a net importer, prices of imported goods must go up.

Lastly for cultural reasons, Brits are incapable of holding off spending for long (unlike the Japanese or Germans for example).

For these reasons I think in the UK we WILL NOT have long term deflation as all the expert commentators are suggesting, but after a sharp fall in inflation (and maybe deflation for a short spell) , inflation will rise hugely.
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