Peoples spending patterns changed about 2 months ago....an all aussie banks have noticed it..... people are not spending as much on retail now....as it is being sucked into paying energy companies now.....
It is the start of a really bad period for retailers of all descriptions when this happens......energy prices have now started to kill off the growth of retail and spending.....Plus 6 months from now a drought to contend with that is starting a new multi- year cycle.....
This is not good on so many levels... watch unemployment rates rise over coming months due to all this....while the energy companies get bigger and richer at the expense of everyone else.......
