Black Monday

[bottomfeeder]

Crash crash, do it now and get it over and done with, so I can spend some money on a few bargains, why drag it on crash now.

[Beagle]

BNZ economist Craig Ebert said the contraction was worth keeping tabs on but didn't mean that the economy was definitely going to stagnate.


"July’s result is no dead-set that the economy at large is contracting, even growing poorly. The PMI was down in this area in 2011 and 2012, only for annual GDP growth to trundle along near 2 percent. And GDP growth was closer to 3 percent when the PMI slumped to 44.3, way back in 2005," he said.

Its not N.Z. specific things that are especially concerning. Trade War or this is a concern https://www.cnbc.com/2019/08/12/cram...aboolainternal Apparently the widespread saying of the young protestors regarding their concerns they want resolved, is best translated from Cantonese as "We want all or nothing".
Realistically there's only one way that really ends... but down here we'll be immune to all this and a possible trade war so we're all good...or so those only wanting to enjoy positive-ness would have us believe...

https://www.cnbc.com/2019/08/13/hong...aboolainternal

[winner69]

Its not N.Z. specific things that are especially concerning. Trade War or this is a concern https://www.cnbc.com/2019/08/12/cram...aboolainternal Apparently the widespread saying of the young protestors regarding their concerns they want resolved, is best translated from Cantonese as "We want all or nothing".
Realistically there's only one way that really ends... but down here we'll be immune to all this and a possible trade war so we're all good...or so those only wanting to enjoy positive-ness would have us believe...

https://www.cnbc.com/2019/08/13/hong...aboolainternal

Our government very quiet on these affairs ...silence is deafening

No leadership here if we the populous / business are looking for some comfort.

[Beagle]

Our government very quiet on these affairs ...silence is deafening

No leadership here if we the populous / business are looking for some comfort.

Quite right. But never fear, Beagle is here to give some good news...the world is such a mess we need some !
https://www.msn.com/en-nz/news/world...cid=spartandhp

[winner69]

Beagle me old mate - talk of homeowners getting into strife as recession hits
https://www.stuff.co.nz/business/115...mortgage-rates

[see weed]

Just to add to the misery, Don't forget about $300,000,000 will be dragged out of the Auckland economy at the end of the month to pay some of their rates.

[blobbles]

Our government very quiet on these affairs ...silence is deafening

No leadership here if we the populous / business are looking for some comfort.

Our government just rebuked the Chinese government for involving itself in freedom of protest in NZ - i.e. the domestic affairs of our country.

Do you think they should turn around and involve ourselves in the domestic affairs of theirs? Please! Angering our biggest trading partner and having zero effect on something that is basically inevitable (the full take over of Hong Kong by China), would be rather silly. Not only would it sour the relationship, it would accomplish nothing except making us look like hypocritical imperialists.

Still - none of this is good for economic prosperity. Just the issues at the airport are causing major disruption to business. The Hong Kong protesters should actually watch out for a backfire - Guangzhou/Shenzhen airport are pretty close, they are probably opening their doors to the re-directed flights. Airline companies hate disruption and given the protests may be ongoing, they may opt to drop routes from HK, instead using Shenzhen and Guangzhou to ensure stability. None of that would be good for the economy of Hong Kong...

[bull....]

main us indices still consolidating in ranges at the moment 26400 - 25400 on dow and 2940 - 60 - 2825 on sp500 likely breaks either way will lead to new direction

[bull....]

main us indices still consolidating in ranges at the moment 26400 - 25400 on dow and 2940 - 60 - 2825 on sp500 likely breaks either way will lead to new direction

pretty big re action of our lines in the sand re inforcing them as levels needed to be breached to go for all time highs again. the take from the action i guess is we have re covered some what means the bears not totally in control yet. next move after jackson hole

[bull....]

one tweet and we are back to the bottom of the range

Trump Says He’s Poised to Escalate China Trade War Within Hours

https://www.bloomberg.com/news/artic...d=premium-asia


Dow drops 550 points after Trump orders US manufacturers to move from China

https://www.cnbc.com/2019/08/23/us-s...me-powell.html


looks like a bad monday coming if trump retaliates on the weekend