Online buying has maxed out

This is one anecdote forming part of my investing roadmap……that we have bought the online “stuff” that we already need. Don’t need another computer, another TV or workout wear.

Other than having accumulated superfluous things, this news also points to where we are 15 months since stimulus cheques and assistance has been handed out.

Bank savings balances have declined.

This doesn’t bode well for Buy Now, Pay Later businesses and those generally involved in consumer purchase lending.

August 24, 2021
by Rob Zdravevski

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