dont be too naive...we all have to agreed..it is on the news....we or some kiwis are really racist to them.....not only to them but to migrants....
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dont be too naive...we all have to agreed..it is on the news....we or some kiwis are really racist to them.....not only to them but to migrants....
nz50 index currently displaying a negative divergence on weekly rsi . if you dont know what that is have a read here its a charting term
https://www.investopedia.com/ask/answers/05/052905.asp
pays to keep an eye on these things , even if it doesnt eventuate into anything
log exports been suspended from port gisbourne. if this flows on be massive hit to nz gdp if more log exports hit
https://www.nzherald.co.nz/business/...ectid=12305292
I guess putting this into the "good news" thread is clear evidence that you are a shorter :p;
And yes - the overreaction of our authorities is quite concerning. It won't be a flu like virus taking us down, but the idiocy of our authorities who seem to follow more the hype created by a wild internet mob of fear mongers rather than common sense.
Not as much carnage on the NZX today as some thought there would be
Been some worse days than this recently
While a suspension is abnormal, the industry regularly goes through periods of pushing and cutting right back inline with prices. As long as it is only a short term blip (which is what they seem to be suggesting with Chinese holidays etc) then it should have little overall effect on the GDP. Different story for those in the local industry who won't be getting pay packets after Christmas splurging though.
your right about the ebbs and flows of forestry in a normal cycle , the big unknown though is how long or how big the virus gets. if the worst happens it will affect forestry along with every other exporter from nz in reduced demand , port issues , labour at ports to unload , unused inventory buildup driving prices down etc.
i see other exporters reviewing shipments already due to chinese port issues