Black Monday

[nztx]

Brent is at 14 year highs. The NZD is at 52 week lows. That can't be good.

You bet .. and no value added done onshore here now

Infact nothing new in Petro exploration either


Guess the full effects of market forces now set to flow in from offshore

then to be hit with full range of Govt Add-ons, duties, taxes etc

Bound to be contributing factor into spiraling inflation and cost increases for most goods & services..

[Panda-NZ-]

You bet .. and no value added done onshore here now

Infact nothing new in Petro exploration either

There was some recent investment into Kiwirail instead of all the trucks.

People were buying a new model of truck every 5 years along with all the petrol (plus spare parts). all from offshore.

[Habits]

Heard on zb business...US growth in 4th qtr 6.9 annualized and capping off the best year since 1980s. Driven by restocking and consumer demand up 7.9 percent. Largest gain since 1946 the end of ww2. Inflation is to be expected under those metrics I say

[winner69]

Hussman a permabear but views based on history - just as well these times are different eh

latest note

Valuations will not tell you where the top is or where the bottom will be. They do offer a good indication of the long-term returns you can expect from that starting point.

Chart says nominal returns from the S&P500 over next 12 years likely to be -5% pa

If you expect a miserly 5% pa return over 12 years then S&P500 should be about 2000 today

Just as well it's all a load of bollocks eh

[JohnnyTheHorse]

Dollar has dropped below 66c. Adrian will be forced into a 0.5% raise next review in my opinion.

[mcdongle]

Dollar has dropped below 66c. Adrian will be forced into a 0.5% raise next review in my opinion.

Or they will set up a committee to look at it

[winner69]

Dollar has dropped below 66c. Adrian will be forced into a 0.5% raise next review in my opinion.

Problem is that Orr really doesn't know what to do and has got rid of the people who might have helped him understand....real understanding of monetary policy missing they reckon ......and many commentators are totally bemused with the appointment of Karen Silk as a new Deputy Governor.

So expect the unexpected ...might see an OCR cut

[bullfrog]

If only NZ had some great Oil and Gas exploration / production ...would certainly be profitable and bringing in huge Taxes & employment ...and securing our future energy needs ...those that believe in O&G free NZ will be the same people happy to Buy up products made from or because of O&G

Old article
https://www.scoop.co.nz/stories/PA21...-emergency.htm

Not O&G, but fossil fuel energy related...

https://www.theage.com.au/business/c...27-p59rob.html

EnergyAustralia last year announced it would shut Victoria’s Yallourn coal-fired power plant in 2028, four years earlier than planned. AGL, the nation’s biggest power supplier, declared the “winds of change” were sweeping the sector much faster than anticipated, prompting the company to embark on a historic demerger of its coal and gas generators from its wider retailing business after sinking to a $2.06 billion full-year loss in the 12 months to June 30.

[mcdongle]

The world seems to be run by people who cannot see the consequences of their actions..

[Panda-NZ-]

Dollar has dropped below 66c. Adrian will be forced into a 0.5% raise next review in my opinion.

Why take action when only words move markets.

In theory he could say "Now is the time for a hard pullback or even austerity".

Then basically do nothing.