Re: What is a recession.

by 2cent Thu Aug 04, 2022 12:31 am

billy the kid wrote:In Australia, Woolworths supermarkets are reducing their opening
hours.
They say its because of changing consumer habits....
Well...no....
Its because the bean counters can see whats coming...
They will increase their bottom line as people stock up
on all the necessaries...
Various food lines in Oz have disappeared...
We are being told that this is a supply problem...
Well...no...
Its because people can see whats coming...just like
the bean counters....
I have a pantry full of tinned stuff...and Im adding to it
every day....
I too....know whats coming.....

Wow. Here in the U.S., Woolworth's went out of business years ago. However, they were a clothing and whatnot shop, mostly junk; not groceries.

We stock up. Not as much as some, 'cuz we just don't eat all that much. A bit of food around mid to late morning, then a dinner around 6:30 or so.
Thanks for reminding me to pick up more butter, AND to check out this place a friend of my husband's told me about. Cool

by billy the kid Thu Aug 04, 2022 2:00 am

In other news from Oz....
37 bank branches are set to close in various states...
Westpac 24
CBA 5
NAB 8
Various banks/branches have been closing for a while but just add these
to the list....182 jobs gone....