~0.62 has been support for the dollar over the past 7 years; getting close...
I've got a pile of US cash in my stake account; tempting to cash it in
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~0.62 has been support for the dollar over the past 7 years; getting close...
I've got a pile of US cash in my stake account; tempting to cash it in
Hey Hoop - I can't open the attachment on your post
What was it about ---- always interesting stuff you post
Hoop- i cant seem to get your attachment to work- says its invalid
thanks for your post thou
Interesting report from the ANZ just out on their latest forecasts for NZ
https://www.anz.co.nz/content/dam/an...O-20220510.pdf
Like most forecasts that get published (bank commentators, NZ Treasury, RBNZ etc etc) everything seems to come back to normal reasonably quickly - inflation falls sharply back to target, unemployment never rises above 3.9%, and GDP growth is positive throughout...... so no worries is there
Ha yes. It would be a minor economic miracle for that to occur.
Larry Summers - who called inflation spot on - says “If you look at history, there has never been a moment when inflation was above 4% and unemployment was below 5% when we did not have a recession within the next two years.”
Thats the American experience. I thought about looking how that holds for NZ but I just checked my shares and saw how much money I lost today, did a vom and lost the will to do anything.
https://fortune.com/2022/04/14/larry...mployment/amp/
Lol FM.. not that i need to tell you but,,, it's only paper money mate. And we are all in the same boat in these rough seas.
I remember when i was a young buck in my first relationship management role.. I used to work in term deposits and look after some premium 'mum and dad' investors. I had this one very wealthy couple on the books and it was time to call them for their next $250k TD rollover, unfortunately rates had dropped since the last one which i thought was the end of the world. I was even apologizing for the rate drop (as if i had any control over it). In the end the gentleman interrupted me and said "It's only money, don't worry". He reinvested. For some reason it has always stuck with me
W69 will not let us enjoy ever ...always reminding us whats next to worry about ....Have a heart mate ...its two consecutive 2% down days ...people are nursing big losses ...maybe only paper losses ...but still needs cheering ...maybe an expensive pinot shud do the trick ...tomorrow maybe its more expensive and I cant afford