Black Monday

[winner69]

https://www.newshub.co.nz/home/money...-shedding.html

Whoopee …pity they won’t be here to admit they were wrong

[Daytr]

But I reckon he also said rates sufficiently high to slow economy ...No further hikes needed . Higher for longer will not last long ...maybe delaying the inevitable by 3-6 months max ...imo

Yeah I thought it was overall positive for the market. I bot NASDAQ this morning, I was long gold overnight that did well. Plenty of volatility that's for sure.

Other thing of note is the rate of tapering will be halved. Not more liquidity, but more than there would have been.

[Rawz]

https://www.newshub.co.nz/home/money...-shedding.html

Public sector cuts: Voluntary redundancy scheme put in place at Stats NZ - NZ Herald

Govt going to bring that unemployment rate up to crush inflation and save the middle class.

Personally havnt mind this inflation. Its lovely see my mortgage inflate away