On a quick skim read that's a good sobering reality check that downside risks remain...but thankfully, yet again, another day of zero new Covid 19 cases.
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oh winner your a BEAR after all...
however this may put a slower recovery in retirement stocks out to 2023-2024
https://www.interest.co.nz/property/...l-20-next-year
I really like Orr's straight up level headed realism...just the right bloke for the job IMO. Trump would slaughter him if he was heading up the Fed, for being so candid. I'm happy for you to add him to the duo, Beagle :)
And that is based on a worst case scenario.i did like that he said banks are well positioned to weather the storm
This is a great time for me to lob this little hand grenade in here for debate (because its something I have been thinking about).
Is your money safer in OCA with its needs based business model hopefully paying ~ 6% or in one of the banks on term deposit currently offering about 2.3% and subject to the open banking resolution wherein one of the members of the dynamic trio, namely Orr, could suddenly become the bad guy and ringfence and potentially hijack part of your funds on deposit ? Hmmm...I for one do not think the 2.3% compensates one properly for the (admittedly modest), risk of something bad happening.
I think we all wonder the answer to that question, Beagle. I don't know the answer but I won't be putting all my cash into OCA, or any other stocks - too hard to barter them for groceries, for starters!
Disc: Holding plenty of OCA though.
Spark, Vector Chorus, Gentailers maybe safer with yields from re 3.20-6.2%.