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.