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Thread: Black Monday

  1. #8221
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    A L4 lockdown might result in some better bargains, but at this stage, there's no evidence to suggest that we'll see the precipitous lows of the last L4 lockdown.

  2. #8222
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    Quote Originally Posted by Entrep View Post
    Scary stuff https://www.nzherald.co.nz/nz/news/a...ectid=12356162

    Can't see how level 4 or continued level 3 (plus for whole country) can be avoided

    I dont want to fearmonger .. but it could also be quietly morphing in Rotorua area as well ; or have gone further afield.

    Only time will tell -- and with the incubation lead time, or until carriers wake up to what they may have then it has had
    ample time to spread further (probably exactly the same as why things have got badly out of hand in some states in OZ)

  3. #8223
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    Quote Originally Posted by bull.... View Post
    NZ has 13 new cases of Covid-19 linked to the South Auckland family; New cases are work mates and their family members, as well as a Mt Albert school student; Anyone who contracts Covid-19 will now go into managed isolation

    https://www.interest.co.nz/news/1065...work-mates-and

    So spreading , my guess level 3 lockdown for auckland will be extended and they just said on briefing they expect it to get worse.

    so a 2 week lockdown would cost maybe 1 billion from what i read in lost gdp for auckland
    It looks like it's going to take a good chomp out of Robertson's remaining $14 Bills remaining in the Slush Fund

    Let's hope the real collateral damage is not more extensive or higher.. which may turn out to be

    Bound also to be some ricochet effect on other areas & businesses out of this as well
    Last edited by nztx; 13-08-2020 at 04:39 PM.

  4. #8224
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    No level 4 for now at least, that's bit soothing..

    https://www.nzherald.co.nz/nz/news/a...ectid=12356368

    A full level 4 lockdown is "not in frame" right now despite additional cases of Covid-19, all linked to the existing Auckland cluster of 17, Health Minister Chris Hipkins said today.
    As Cabinet meets this afternoon to decide New Zealand's ongoing Covid response, a level 4 lockdown is not in the frame right now, Hipkins told Newstalk ZB's Mike Hosking.


  5. #8225
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    Quote Originally Posted by sb9 View Post
    No level 4 for now at least, that's bit soothing..

    https://www.nzherald.co.nz/nz/news/a...ectid=12356368

    A full level 4 lockdown is "not in frame" right now despite additional cases of Covid-19, all linked to the existing Auckland cluster of 17, Health Minister Chris Hipkins said today.
    As Cabinet meets this afternoon to decide New Zealand's ongoing Covid response, a level 4 lockdown is not in the frame right now, Hipkins told Newstalk ZB's Mike Hosking.

    Emphasis on the 'RIGHT NOW'.

    Remember you are dealing with a government of all style and no substance so read and listen cynically to what is said by a cynical government.

  6. #8226
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    https://www.interest.co.nz/bonds/106...e-why-he-likes

    Reserve Bank (RBNZ) Governor Adrian Orr admits lower interest rates benefit asset owners the most.

    He made the acknowledgement when asked by interest.co.nz whether he was concerned the monetary policy tools the RBNZ is employing to meet its inflation and employment targets are benefiting those with debt, propping up asset prices and ultimately increasing inequality.

  7. #8227
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    yep ORR the man raining gold on us stock market people. QE infinity next year ?
    one step ahead of the herd

  8. #8228
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    Colleagues bid (unsuccessfully) on a house via a virtual auction. Never been to the house. Haven't visited the suburb for many years. Now's the time to buy apparently (low interest rates, house prices racing upward) Another is going to wait for the next Labour policy on getting into home ownership. What could possibly go wrong?

  9. #8229
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    Quote Originally Posted by Cadalac123 View Post
    Will be interesting if they say lockdown extension PM friday . Monday will be a great bargain day lol
    maybe we find out at 5.30 pm what the govt going to do. I see theres a covid outbreak in tokoroa now 2 cases and probables so will tokoroa go to level 3 as well?
    one step ahead of the herd

  10. #8230
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    Quote Originally Posted by bull.... View Post
    maybe we find out at 5.30 pm what the govt going to do. I see theres a covid outbreak in tokoroa now 2 cases and probables so will tokoroa go to level 3 as well?
    It would definitely appear that tokoroa will go to level 3.. suggesting extended level 3 for Auckland and level 2 every where else... Maybe Rotorua goes up as well

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