Black Monday

[Bjauck]

GDP year to December 2021 +5.6% on pcp

That's pretty impressive

GDP in the year to December 2020 was -2.1% so much of the 2021 "growth" was bounce back recovery.

https://www.stats.govt.nz/news/gdp-r...r-2021-quarter

[winner69]

GDP in the year to December 2020 was -2.1% so much of the 2021 "growth" was bounce back recovery.

https://www.stats.govt.nz/news/gdp-r...r-2021-quarter

and only 1.7% pa over last 2 years ---- bit slack when it was GDP was 3% to 4% in years up to 2020

[Bobdn]

Uncomfortable week for the 🐻🐨 bears

[BlackPeter]

Uncomfortable week for the ���� bears

I like it that way

[nztx]

I like it that way

The Hawk likes looking down on the volatility .. thought 2022 was supposed to be the year of Volatility ?

[GOAT]

What are peoples outlook for the markets in 2022 and 2023? I thought after the incredible (artificial) growth of the last year and a half, that we would see a prolonged period of exhaustion and drop off in the market.. if only we had a crystal ball.

[Habits]

What are peoples outlook for the markets in 2022 and 2023? I thought after the incredible (artificial) growth of the last year and a half, that we would see a prolonged period of exhaustion and drop off in the market.. if only we had a crystal ball.

Yes we will look back with our "20/20" glasses on. Like 100 years ago the roaring 20s we could experience a similar decade, 2 years in there has been built up a lot of wealth that those who have it can spend. There are jobs galore due to low migration and interest rates despite rising modestly, will still be very low. The inflation genie is out of the bottle and I think that encourages spending as it is cheaper today than tomorrow

[bull....]

Consumer confidence lowest since 2008 global financial crisis: Westpac survey

https://www.stuff.co.nz/business/ind...westpac-survey

i see bonds in the US had a big jump last night and in NZ they are hitting new high's this cycle.

Stock investors still in lala land

[BlackPeter]

Consumer confidence lowest since 2008 global financial crisis: Westpac survey

https://www.stuff.co.nz/business/ind...westpac-survey

i see bonds in the US had a big jump last night and in NZ they are hitting new high's this cycle.

Stock investors still in lala land

I guess time will tell whether it is stock investors or bond investors who are in lala land. Persistent Inflation will kill the value of bonds (it always did in the past), while stocks will survive even hyperinfaltion (they always did in the past) ...

Ah yes, but don't forget this time will be different - the bull is a bear ... though - he always was ;

[JohnnyTheHorse]

I guess time will tell whether it is stock investors or bond investors who are in lala land. Persistent Inflation will kill the value of bonds (it always did in the past), while stocks will survive even hyperinfaltion (they always did in the past)

Ever cared to look at what happened in the 70's? Those real returns on stocks were awfully negative.