Coupled with our strong dollar etc etc. And our earnings were overall pretty positive so that does bode well...
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I should have known better...I too had noticed in the past that NZ markets can often move in their own particular way. Perhaps our small size means that a small (on the international scale) market player or sub-story can have a big effect in NZ. In the Crimean context maybe NZ and Oz are safe havens.
Disc: I am an ingénu when it comes to intenational markets dynamics
Serbia was not an international power in 1914 when the archduke was topped.....not that I am saying that Crimea will inevitably lead to a world war. It is however in one of those strategic hotspots - drawing in Russia, USA and Britain (as guarantors of Ukrainian socereignty). Sounds similar to the various assistance treaties back in 1914. Since NZ is no longer a dependent child of mother Britain, we are somewhat more removed from European crises than we were in 1914 (or 1939).
Hi Guys.
John Mauldin is one writer I take notice of...he socialises with the movers and shakers of this world and he shares their views with us mere mortals...he offers free subscription and his Ukraine article popped up in my email box this morning...
This is his website http://www.mauldineconomics.com/
I don't think anyone wants another world war that's for sure. But no-one wanted another war in 1939. Poland was guaranteed by Britain and France in 1939. The Ukraine's sovereignty is guaranteed by UK, USA and Russia. If UK and USA are not true to their word, they will appease Russia and let Crimea (and Eastern Ukraine) slip under Russian hegemony. Russia has already increased its influence elsewhere over the years. Are we seeing a sort of parallel between Germany in 30's and Russia today? Will the EU UK and USA go down the appeasement route? Just throwing it out there! Perhaps we are seeing a return to the cold war...rather than hot war itself?
True...we are not in the 1930's. Putin is not an unabashed dictator and is more subject to popular forces than the dictators in the 1930's (although that is debatable). At least he got Duma backing. (As an aside would the NZ and Australian people have voted for a war in Vietnam that their government sent troops into?).
A difference from the 1930's is the nuclear aspect - the treatment of an empire-building nation with run-down conventional force but a nuclear arsenal. Also in similar vein, if the Ukraine had not dismantled its share of the USSR nuclear armaments, would Russia have intervened in the Crimea as it did? Perhaps the Scottish Nationalists are taking note so, if they succeed in their referendum campaign for an independent Scotland, they may decide that keeping nuclear subs in the Scottish bases may be worth the expense.
Looks like Putin has backed down for time being. In its contrarian form, will the NZSX drop?
This Mr Lister (although he doesn't look old enough to be a real Mr) just doesn't get it and is just a big spoil cat.
http://www.nzherald.co.nz/business/n...ectid=11214446
Why show everybody how smart you are and put out this Mark .....the world needs good positive stories so please don't ruin the party
IT IS A NEW RECORD
And it will be another record when it get to 6000 by Xmas