Gone very quiet
Discussion
Electronics manufacturing. Mild deterioration, I'd say. New business is a little thin on the ground. Some products have reduced in volume, others have stopped. Some products chugging away as always.
We do a lot for automotive which as we know, is quite sensitive to economic conditions. Some of the products are recession proof, but most aren't.
We do a lot for automotive which as we know, is quite sensitive to economic conditions. Some of the products are recession proof, but most aren't.
There’s quite a few of us on here who’s livelihoods are reactionary to larger scale economic forces, (myself as a courier, Fusion in automotive electronics and Lucky13 in house sales / moving).
I wonder which industries catch the cold first in terms of downturns? Which businesses give an accurate heads-up that the poo is just about to hit the fan a few months down the line?
Everything just seems so topsy-turvey at the moment. I’m quite an uneducated dunce compared to the rest of you fellas, but things just aren’t making much sense to me
I wonder which industries catch the cold first in terms of downturns? Which businesses give an accurate heads-up that the poo is just about to hit the fan a few months down the line?
Everything just seems so topsy-turvey at the moment. I’m quite an uneducated dunce compared to the rest of you fellas, but things just aren’t making much sense to me
Big ticket stuff is still selling very well. Cars (Collecting Cars is just one real life example), upper end of housing market, number plates (some big prices being achieved in latest DVLA auction), holidays, etc is all carrying on as if there are no issues. It's the lower/cheaper end of the market that appears to be slowing. My take on it is the lower-middle income households have been cutting back sharply recently, maybe to save for holidays, debt catching up etc, whereas the higher / comfortable income households are continue to get stuck in and are keeping the Covid bubble inflated. We're a country of 2 different markets which is becoming ever more disjointed.
Phooey said:
My take on it is the lower-middle income households have been cutting back sharply recently, maybe to save for holidays, debt catching up etc, whereas the higher / comfortable income households are continue to get stuck in and are keeping the Covid bubble inflated. We're a country of 2 different markets which is becoming ever more disjointed.
Which ties into what I’m seeing.My benefits class area is carrying on as normal.
My working class area as taken a slight dip.
My middle class and millionaires row areas are both strong.
jammy-git said:
I heard yesterday that big, expensive residential property is taking a long time to sell here in the South East, but it was second hand info so might not be accurate?
Everyone has different experiences but around here the upper end of the market is just fine - so long as you're genuinely not taking the piss - but that goes for everywhere in the last 12 months. There's still a healthy amount of money in the system and why i'm seeing such a wider divide between those who have it and those who don't. 105.4 said:
There’s quite a few of us on here who’s livelihoods are reactionary to larger scale economic forces, (myself as a courier, Fusion in automotive electronics and Lucky13 in house sales / moving).
I wonder which industries catch the cold first in terms of downturns? Which businesses give an accurate heads-up that the poo is just about to hit the fan a few months down the line?
Everything just seems so topsy-turvey at the moment. I’m quite an uneducated dunce compared to the rest of you fellas, but things just aren’t making much sense to me
Conservatories I'd say. Smallish sums easy to delay for 6 months or longer. Kitchens the same.I wonder which industries catch the cold first in terms of downturns? Which businesses give an accurate heads-up that the poo is just about to hit the fan a few months down the line?
Everything just seems so topsy-turvey at the moment. I’m quite an uneducated dunce compared to the rest of you fellas, but things just aren’t making much sense to me
TX.
105.4 said:
Phooey said:
My take on it is the lower-middle income households have been cutting back sharply recently, maybe to save for holidays, debt catching up etc, whereas the higher / comfortable income households are continue to get stuck in and are keeping the Covid bubble inflated. We're a country of 2 different markets which is becoming ever more disjointed.
Which ties into what I’m seeing.My benefits class area is carrying on as normal.
My working class area as taken a slight dip.
My middle class and millionaires row areas are both strong.
Those millionaires are the ones who own Poundland etc.
It’ll trickle up and in 12 months you’ll see millionaires not spending £100,000 on new kitchens etc.
Mr Whippy said:
105.4 said:
Phooey said:
My take on it is the lower-middle income households have been cutting back sharply recently, maybe to save for holidays, debt catching up etc, whereas the higher / comfortable income households are continue to get stuck in and are keeping the Covid bubble inflated. We're a country of 2 different markets which is becoming ever more disjointed.
Which ties into what I’m seeing.My benefits class area is carrying on as normal.
My working class area as taken a slight dip.
My middle class and millionaires row areas are both strong.
Those millionaires are the ones who own Poundland etc.
It’ll trickle up and in 12 months you’ll see millionaires not spending £100,000 on new kitchens etc.
skwdenyer said:
Mr Whippy said:
105.4 said:
Phooey said:
My take on it is the lower-middle income households have been cutting back sharply recently, maybe to save for holidays, debt catching up etc, whereas the higher / comfortable income households are continue to get stuck in and are keeping the Covid bubble inflated. We're a country of 2 different markets which is becoming ever more disjointed.
Which ties into what I’m seeing.My benefits class area is carrying on as normal.
My working class area as taken a slight dip.
My middle class and millionaires row areas are both strong.
Those millionaires are the ones who own Poundland etc.
It’ll trickle up and in 12 months you’ll see millionaires not spending £100,000 on new kitchens etc.
in terms of who I think will stop spending: Not the super rich with big and diverse investment portfolios carefully structured.
The millionaire business owners who are exposed to the general public’s finances will slow their spending I think. Not because they are broke but because they are sensible enough to be careful in the current situation.
The squeezed middle are becoming more squeezed and the mortgage plus the two Land Rover products on tick aren’t cheap anymore. They will cut back.
The worker drones are worrying about how to pay the leccy bills. They’ve cut back.
The unemployed are not feeling the pinch quite so much is my guess. So I don’t think their lives will change massively.
Edited by Louis Balfour on Thursday 6th April 22:01
skwdenyer said:
Mr Whippy said:
105.4 said:
Phooey said:
My take on it is the lower-middle income households have been cutting back sharply recently, maybe to save for holidays, debt catching up etc, whereas the higher / comfortable income households are continue to get stuck in and are keeping the Covid bubble inflated. We're a country of 2 different markets which is becoming ever more disjointed.
Which ties into what I’m seeing.My benefits class area is carrying on as normal.
My working class area as taken a slight dip.
My middle class and millionaires row areas are both strong.
Those millionaires are the ones who own Poundland etc.
It’ll trickle up and in 12 months you’ll see millionaires not spending £100,000 on new kitchens etc.
Just because there are no signs of problems now doesn’t mean there won’t be.
LDI, SVB, transitory inflation. The list of things with no sign of trouble that then was suddenly in trouble, is going to get longer.
Louis Balfour said:
skwdenyer said:
Mr Whippy said:
105.4 said:
Phooey said:
My take on it is the lower-middle income households have been cutting back sharply recently, maybe to save for holidays, debt catching up etc, whereas the higher / comfortable income households are continue to get stuck in and are keeping the Covid bubble inflated. We're a country of 2 different markets which is becoming ever more disjointed.
Which ties into what I’m seeing.My benefits class area is carrying on as normal.
My working class area as taken a slight dip.
My middle class and millionaires row areas are both strong.
Those millionaires are the ones who own Poundland etc.
It’ll trickle up and in 12 months you’ll see millionaires not spending £100,000 on new kitchens etc.
Interested to hear what you're seeing. In my much more limited market exposure, rents are (a) holding up well, and (b) still much higher than pre-pandemic. Are you seeing signs of regression?
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