Black Monday

[bull....]

i was just talking about saudi not happy with oil prices yesterday and what ya know big rally in oil last night. looks like it might be attempting to put in a bottom from the decline from 120 odd to 86. funny thing is oil has fallen on recession fears to where it is now , whats going to happen when everyone thinks there wont be a recession wow oil sky rocketing again along with inflation. someone wont be happy

[bull....]

bad news in nz today

Small business sales drop to lowest level since September 2021

https://www.stuff.co.nz/business/pro...september-2021

New Zealand Retail Sales Sink 2.3% On Quarter In Q2

https://www.rttnews.com/3307238/new-...ter-in-q2.aspx

[bull....]

Economists surprised by fall in retail spending in the June quarter, which raises the possibility the country may have gone into a technical recession in the first half of the year

https://www.interest.co.nz/business/...es-possibility

havn't even seen the effect of mtg increases yet on people finances

[NeverQuestion]

i was just talking about saudi not happy with oil prices yesterday and what ya know big rally in oil last night. looks like it might be attempting to put in a bottom from the decline from 120 odd to 86. funny thing is oil has fallen on recession fears to where it is now , whats going to happen when everyone thinks there wont be a recession wow oil sky rocketing again along with inflation. someone wont be happy

If the Oil skyrockets again then I wouldnt be surprised if Iran gets to sell their oil on the international market... Saudis can say no to higher production output, but it will just end up hurting them in the long run

[alokdhir]

https://www.marketwatch.com/story/in...=mw_latestnews

This should answer why markets are not tanking as per many's wish

[bull....]

big jackson hole powell speech tomorrow morning will set the scene for next week. orr was interviewed on bloomberg earlier this morning on NZ trajectory.

[bull....]

sp 500 heading down nicely off that 200d m/a , us dollar still working , rates heading up again . powell at jackson hole big event this week .... hawkish surely

wow powell hit the mark , markets big fall on the news

“While higher interest rates, slower growth, and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses,” he said in prepared remarks. “These are the unfortunate costs of reducing inflation. But a failure to restore price stability would mean far greater pain.”

https://www.cnbc.com/2022/08/26/powe...inflation.html

[Ricky-bobby]

September/October will be very interesting…. Recession here we come.

[Old mate]

No mincing of the words there bull. Big drop today.

[winner69]

No worries in NZ ….Adrian told his buddies at Jackson Hole NZ sorted and under control.

If he could ‘print people’ we’d be on fire