I wish I SOLD in early APRIL and went away till present to start buying back in
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
I would anticipate some positivity creeping back into the equities market, now that RBNZ has shown it is serious about tackling inflation (the enemy of equities), despite the effect on economic growth going backwards. A decisive move by RBNZ of 50bp hike to 2% OCR with talk of going to 3.5% and even a mention of 4%, effectively brings forward the inflation peak projections from mid-late 2024, to mid 2023. As the growth in inflation begins to slow, top out, and turn over, the optimism heightens and here we are now looking at many very high quality equities having shed large percentages of market cap. The buyers market will re-emerge, perhaps surprisingly quickly.
the banks starting to raise mortgages em i mean increase there margins ( wholesale rates down so cant blame them ) recession next yr once those rates come off late this yr.
And the oil price is up as well. We are in a "climate emergency" so most people will be pretty happy about surging oil prices I guess. It's an opportunity for them to take a walking bus to work and their next overseas holiday.
they never do that anyway one benefit of the lockdowns in china is that petrol prices are low in NZ wait till they open up again lol
SHANGHAI, May 28 (Reuters) - The Chinese metropolis of Shanghai inched further towards a gradual reopening from two months of grinding COVID-19 lockdown, while officials in Beijing prepared to ease curbs in parts of the capital, saying on Saturday its outbreak was under control
cracks me up up how they keep going on about how inflation will top out soon , it very may well but how far will it fall ? probably not back to 1-2% in a hurry
Diffence between bond rates and inflation suggest it's built in all ready so here's hoping for a soft landing.
Re construction ,without gib you can't build houses for one.
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Originally Posted by Tomtom
em i mean increase there margins ( wholesale rates down so cant blame them ) recession next yr once those rates come off late this yr.
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