A sole diamond among rocks
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Infometrics in an release “ HOUSEHOLD RESILIENCE FLAGGING AS OMICRON HITS” -
“The resilience of household spending continues to be a key factor underpinning New Zealand’s good economic performance throughout COVID-19 and contributes to a robust outlook,” says Infometrics Chief Forecaster Gareth Kiernan. “But the tailwinds that have supported strong spending outcomes throughout 2020 and 2021 are dying out, and consumers will be less able to drive economic growth to the same extent during the next two years.”
Household budgets are being squeezed by rising prices across the board, with inflation of almost 6%pa running well ahead of wage growth, at 3.8%pa. A 30% surge in petrol prices is particularly noteworthy, while price increases for other essentials, such as food and rent, have accelerated as well. With mortgage rates set to finish this year more than two percentage points higher than they were 18 months ago, and the official cash rate set to reach 2.75% in 2023, mortgage repayments are also rapidly increasing.
Some might be interested in these numbers .... part of an unfinished exercise (paid work) to assess (in due course) the impacts of covid on retail spend in NZ
Shows the last available 2 year change in selected retailer's sales from pre-covid
Bench market is NZ Retail sales of 16.5% - remember over 2 years so about 8% pa is average
Quite interesting
rawz - diamonds in demand as much paper clips
https://www.msn.com/en-nz/news/world...?ocid=msedgntp
This will embolden Putin. Watch out for an invasion of Ukraine later this month and $120 Oil and 91 Octane petrol at over $3 a liter (98 Octane already $3.08 in Auckland yesterday) and diesel at well north of $2 a liter, (affecting all sorts of other commodities due to increased transport and shipping charges).
Consumers will also face much higher interest rates this year and be more inclined to stay home with the Omricon risk.
Interesting times we live in.
Limited shelling one thing, full invasion would pit europe into war footing and markets would crash..
Cash reserves right now are a good thing.
Cash reserves are always a good thing this last decade as one or more sectors is usually hit by something...
https://www.stuff.co.nz/national/hea...itality-sector
in the end whats more dangerous to a market private sector fraud or over funded and ever expanding public sector incompetence..
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WET Day perfect for shopping people... M10, T7 ect .. Garden supplies to white water adventures..
Help fire up the GDP. Sir Ian is flying out never to be seen again... But dont worry most of you are stuck here in Paradise and might as well enjoy it...
Shop people Shop....
If Mr B is not looking for boats then perhaps that E Bike....
https://www.youtube.com/watch?v=LLLyAyKmbeY
The hound has been very, very busy sniffing really hard and digging around all summer long. Very, very hard to get good quality late model launches at a fair price. Just today I have found a seller of a late model, well equipped one of these but they are a very deep hole in the water in terms of cost and cost to run.
Anyone interested in going halves ?...I am all ears, please PM me. $375K each and about $20K each per annum to run + fuel.
No better boat has ever been built for that sort of money in my opinion, although I am sure some fuel cheating yacht owners like RTM will disagree lol
well worth the money on a square meter basis and oceans are your oyster...