Have joined MM shorting. Aussies wont change spending habits as you say UNLESS they have too.This will apply particularly to gen Y who are biggest spenders at JBH. They have been spending either the tax money Kevin gave them or someone elses money.Kevin is now going to do the all the spending.There wont be that much left for the kids and in any event banks becoming a lot more responsible about how they dish it out. Credit going to be not only harder but more expensive .High interest rates not good for discretionary spend market and rates have to go up . Can JBH go that extra yard and reach its all time high done in a boom market.Doubt it. Can it fall back to $13 - too easy
JBH Price at posting:
$16.43 Sentiment: Sell Disclosure: Held
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