/u/Horatio4040 on ‘Levels not seen since the GFC’: NAB calls the retail recession

"While the retail industry has lagged the other sectors for some time, the recent deterioration has seen conditions in the industry fall to levels not seen since the GFC," he said.

The retail. in recession", NAB reported. "This has come as no surprise given the trends in household consumption and retail sales data. "In seasonally adjusted terms, conditions in the retail.

While system-wide residential defaults only lifted to circa 1 per cent during the GFC, Tepper forecasts they will jump 40 times higher than current marks, or to levels that are. share price falls.

"While the retail industry has lagged the other sectors for some time, the recent deterioration has seen conditions in the industry fall to levels not seen since the GFC. This suggests that the consumer remains highly cautious with anything but spending on essentials because of ongoing slow income growth, high debt levels and possibly some concerns over falling house prices" Mr. Oster said.

It’s now safe to call. scale seen in many parts of the world during the GFC. NAB Even forgiving that Australian capital city prices have risen a long way over the past couple of decades, with this.

It also rivals or has exceeded some of the declines seen in overseas markets during the GFC. declines have not been uniform in nature, including in some specific markets where prices have not.

HIA commends new housing minister’s focus on supply HIA applauds latest housing affordability strategy – Real. – The Housing Industry Association has welcomed the federal government’s commitment to deliver a new national housing affordability strategy. The Coalition announced last week it would develop the new strategy and re-establish the National Housing Supply Council in a bid to reduce pressures currently facing the Australian property market.Brokerages Expect First Defiance Financial (FDEF) to Post $0.58 EPS State Bank of India sees opportunities in shadow loan crisis SBI to ramp up small business lending as private banks, NBFCs. – State Bank of India, which is slowly emerging from a period of massive provisioning on loans to large corporates like Essar Steel India Ltd., sees opportunities in taking business from the shadow banks without creating new asset quality problems, according to Chairman Rajnish Kumar.FDEF Stock | FIRST DEFIANCE FINANCIAL Stock. | Markets Insider – FDEF: Get the latest First Defiance Financial stock price and detailed information including FDEF news, historical charts and realtime prices.Probe into 1.3bn doorstep lender bid | Global News | Worldwide International Headlines – Breaking NEWS Prosperity Bancshares, Inc. (NYSE:PB) Expected to Post Quarterly Sales of $187.67 Million Prosperity Bancshares, Inc. Reports Second Quarter 2018. – Prosperity Bancshares, Inc. declared a third quarter cash dividend of $0.36 per share to be paid on October 1, 2018 to all shareholders of record as of September 15, 2018. Conference CallThis is a contemporary global diary of. The Treasury expects to save 1.3bn from this policy.. At the same time, international trade secretary liam Fox has been. 'The Power of Empathy'; channel 4 news reported last Saturday on a. Last Sunday's Observer carried a detailed investigation into the.

shows a 10-percentage-point fall in confidence to a level not seen since the 2008-09 financial crisis. The biggest falls have been in the finance sector, manufacturing and transport, while retail is.

But as value investors who buy stocks on the cheap, rewards ultimately flowed as bank shares began their 15-year run until the GFC. More than 20 years on and no recessions since. stockmarket, a.

The Fed has lifted rates nine times since. levels). "That said, we have noted that on the only two occasions in the post-GFC era that AUD has traded below 0.70 (September 2015 and January/February.

‘Levels not seen since the GFC’: NAB calls the retail recession The bell has tolled for the retail sector, with the bank declaring the industry is "clearly in recession". It’s a headache for retail landlords, and tenants.