Black Monday

[winner69]

Lowest consumer confidence since records began in this survey including at any time during the GFC file:///C:/Users/user/Downloads/ANZ-ConsumerConfidence-20220304%20(1).pdf
A lead indicator that people will be pulling their heads in on discretionary spending in a big way.

Just as well we're all immune for this because we all have plenty

Not just consumers beagle --- farmers feeling really down as well

Farm confidence hits lowest point in decades: Federated Farmers

https://www.stuff.co.nz/business/far...erated-farmers

[mike2020]

I was a farmer for 30 years and I was always surprised by the amount of needless negativity the majority could come up with especially in the good times. Oddly stoic in the bad times. I always presumed it was the influence of the previous generation who grew up post WW2 but I didn't find the people I grew up with in the city to be like that.

[mike2020]

So to sum it all up, the farmers need a good kick in the nads to be happy, lets ban irrigation for pasture growth and stop the use of N outside of cropping and seeds. Do ourselves a collective favor for the future.

[winner69]

Everybody moaning and groaning ….but the country continues to live beyond its means

From Westpac - New Zealand's annual current account deficit widened to 5.8% of GDP in December, compared to 4.6% in September. Today's result was wider than our own and the market's forecast

[bull....]

Record 24 Covid-related deaths


https://www.nzherald.co.nz/nz/covid-...QOTQDGGCDHUAY/

Among the 24 deaths reported today were eight people who died at aged residential care facilities

well really taking off now , wait till the borders open.

that confidence index is going down

NZ posts a record $20 billion annual current account deficit

Infometrics principal economist Brad Olsen said the deficit was more evidence the country was at the tail-end of an economic cycle

https://www.stuff.co.nz/business/128...ccount-deficit

[BlackPeter]

Record 24 Covid-related deaths


https://www.nzherald.co.nz/nz/covid-...QOTQDGGCDHUAY/

Among the 24 deaths reported today were eight people who died at aged residential care facilities

well really taking off now , wait till the borders open.

that confidence index is going down

This must be one of your darker days, isn't it? People are optimistic, and optimism is for you what a red cloth is for any bull.

Have a look at all other countries who passed the Omicron peak already ... deaths tend to peak roughly 4 weeks after the peak of new infections. We know that and follow the well known trend, just that our death rates are ways lower than in most other countries. Nothing to see or worry here.

And your reference to opening the borders is laughable. Typically around ten cases per day who get caught in the test at the border anyway ... which means at worst a single figure of additional cases per day slipping through the border. This will make all the difference, given that we breed 20k cases per day by ourselves, won't it?

I guess considering worst case scenarios might have some merits (even if its not healthy if its the only thing people do ...), but making things up just in order to frighten people which don't make any sense at all?

I think you urgently need some balance. I do worry for you.

[alokdhir]

Everybody moaning and groaning ….but the country continues to live beyond its means

From Westpac - New Zealand's annual current account deficit widened to 5.8% of GDP in December, compared to 4.6% in September. Today's result was wider than our own and the market's forecast

But this supposed to be dreadful news could hardly dent NZD ...it need to fall to balance the economy towards more exports then just plain consumption as we all survived Covid ...Next few months are crucial from many angles ...But I reckon NZD will help rebalance the economy ...it always picks up the slack ...60 cents on cards

[Joshuatree]

Bottom is in according to a friend who's right half the time
Reduced some of my gold and energy stocks today.
Green mkts everywhere,some chinese
companies, tencent ,Alibaba up re 25%
Tech rebounding
Assumptions the Ukraine war is nearly over,Zelensky says joining Nato not an option
World is opening back up from Covid
But the Fed reports and raises int rates Thursday,how hawkish?

[winner69]

Fed has 0.25% point increase

They about as wimpish as our RBNZ


Orr will follow suit no doubt …no 0.5% for him

[alokdhir]

Fed has 0.25% point increase

They about as wimpish as our RBNZ


Orr will follow suit no doubt …no 0.5% for him

Its simple in their minds ...Inflation is lesser evil then Recession ...So it will be slow up only and smaller top only then what markets have already priced in...

Bottom is in ...slow grind up ahead ....provided we actually dont end up in recession ...IMO FED and other central banks will try their best to avoid that by tolerating inflation little more then required