just as we thought the market would fall on the news of a rate cut , the game over rover , rate cuts are useless against a virus. add in the fake rally on US indexes as well
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just as we thought the market would fall on the news of a rate cut , the game over rover , rate cuts are useless against a virus. add in the fake rally on US indexes as well
Depth on NZX is thin atm.
NZX down 4.8% atm
just to add insult to the rbnz the nz dollar is going hard up now
Anything RBNZ can do the FED can do better..
https://www.marketwatch.com/story/fe...wsviewer_click
The Fed just cut interest rates to zero and official launched a massive QE program.... you Got any GOLD/SILVER yet ? or long term safe bonds with positive rates?