Its also about the confidence/mindset of the homeowner. house price is rising, payments are dropping, i cant go overseas...
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Not so sure and as the Labor Govt is known for throwing money here there and everywhere. Economy is in precarious position. Chch City center is awfully quiet and needs foot traffic and people spending...There is still a large gap with spending that can't be replaces. International Visitors..
Is anyone prepared to Speculate National "threw" the election, knowing the economy is precarious?
Anyone remember Winston's speech, 3 yrs ago, when the coalition was announced, that if the economy implodes, dont blame us?
Now we are 3 yrs on, risk level more elevated?
The reasoning being that if the economy does implode, Labour can take the rap, action some unpopular policies, a Nordmeyer Black Budget maybe, then National sweep back in on a landslide, without need for coalition, and those 20 plus more get their jobs back, if they want them.
Agree, looks like worse than National expected, though not so bad when ACT is added in. Time to regroup and bring the ACT MPs up to speed.
Labour is now facing a tough and grinding 3 years. Ms Ardern has done her job, delivered Labour the victory and will have many pleasanter options available to her. Not so surprising if she moves on during the term.
Meantime, the unions will be gearing up for a big payday. Hopefully they will look at what employers will be doing to survive. Better pay and conditions for their members are grand until the automation takes over or the employers fold their tents. As far as this thread goes, I would be looking at sectors with relatively high union activity with a view to profit taking.
yes for labour it was also a hospital pass, they get to govern a war zone. Of course winston church turned that into a grand opportunity in history.
which business get to prosper well it appear we should have kept ebos because we did not realise they do in fact do vaccines but it appears people in lock downs love their pets as much as they love their houses!!!
staples are usually the winners in recessions and that means agriculture of all kinds?
Who knows what will happen, but I fear it didn’t matter which leader took over. We all need to plan for the worst and hope for the best.
Retailers like HLG..BGP will benefit after all.
Why??
1. People can not go overseas...extra or left over domestic holiday money will be spent on clothing and improving the house.
2. Mortgage on very low rate... extra savings also encouraging.
3. Even homeless have pocket money, food n accomodations now... thanks to the labour and our tax money
U can host them and give your money if u wish
Not sure if things are going to be as bad as people think ... the government has borrowed ~$50,000,000,000 from future generations to pay for the "now" ... the next government in 2023 and beyond are going to have massive issues going forward ...
If Greens have their way the tax rates are all going to increase excessively which will likely mean a brain drain to Australia and other lower tax countries ... we will lose any competitive advantage we had and will have to import skilled workers from India, China, Philippines ... all we will hear "they are stealing our jobs" so the locals will get more handouts.
All a horror story .. I really hope this all doesn't come to pass :)
I don't see much upside for the stock market in the next 3 years ... goodluck to all!