Black Monday

[Tomtom]

Rationally we should actually expect to see job numbers falling as more people retire than enter the workforce.

[Raz]

I'm calling bull trap right now. It is likely they think they have bad news priced in but I reckon things gonna get real ugly yet, especially for wee country with no ability to provide own supply chain necessities...

[ithaka]

I'm calling bull trap right now.

I agree. We're yet to feel the pain of the hangover from the overindulgence of the last few years.

Hundreds of Wellington first-home buyers who bought at market peak now in negative equity.

https://www.stuff.co.nz/business/129...egative-equity

[Habits]

I agree. We're yet to feel the pain of the hangover from the overindulgence of the last few years.

Hundreds of Wellington first-home buyers who bought at market peak now in negative equity.

https://www.stuff.co.nz/business/129...egative-equity

For those owners it would not be a great idea to sell right now and therefore crystallize the loss. It's better seeing a house as a home and longterm investment instead of cash cow get rich quick scheme. This negative equity topic was covered by TA yesterday on the 1Roof show. For owners who are paying their mortgage there are no issues now or further out.

[LEMON]

The US is to print a further 430 billion dollars "to fight inflation", looks like the global recession will only be further prolonged, let's see if the markets move up on the news tomorrow

[alokdhir]

Very soon market will start to appreciate different rates expectations of USA and NZ markets .

NZ is distinctively softer economy with relatively weaker labour market requiring lesser pressure from RNBZ for inflation control

While USA will need much higher and longer higher rates to cool it further

This will put pressure on NZD ahead ....very possible it goes below 60 cents in months ahead ...helping exporters but hurting imported inflation way

USA markets being mother of all markets will hurt our market sentiment too ...but our local rates expectations being softer will keep us range bound ...hopefully

[bull....]

quiet start to week. all eyes must be on US cpi data this week

[alokdhir]

quiet start to week. all eyes must be on US cpi data this week

8.6 % is the consensus ....lets c ...if that or below ...another reason for these markets to rally as they want to rally not go down so soon ...maybe got legs till 4300-50 ...let all be sucked in then September fun

All are asking capitulation didnt happen ...Sept will see it ...lol

[alokdhir]

Very soon market will start to appreciate different rates expectations of USA and NZ markets .

NZ is distinctively softer economy with relatively weaker labour market requiring lesser pressure from RNBZ for inflation control

While USA will need much higher and longer higher rates to cool it further

This will put pressure on NZD ahead ....very possible it goes below 60 cents in months ahead ...helping exporters but hurting imported inflation way

USA markets being mother of all markets will hurt our market sentiment too ...but our local rates expectations being softer will keep us range bound ...hopefully

NZ Bond market is on track ...it keeps making new recent yield lows...todays close of 3.274 ...while high was 4.284 in June ...more then a 1% down in 2 months

[winner69]

Hey alokdhir

10 year govt now lower than 2 year

What heck does that mean