Black Monday

[bull....]

https://www.newshub.co.nz/home/money...eel-eaqub.html

And markets are rejoicing ...will it last ? Not as per many ...but then many sold everything they had in March 2020 thinking they did well ...Did they ?

NZX is at almost 9 months high !!!

it was probably bad luck if you sold in 2020 as no one new central banks would print like no tomorrow and that is the only reason you made money from 2020 to late 2021
but people who sold most stuff in sept/oct 2021 probably pretty happy now knowing that no money printing will cause a big jump in stock prices now

[nztx]

https://www.nzherald.co.nz/business/...MNINQXNUBYHZY/

Households’ finances moving from squeezed to crushed, economist warns

Households’ finances are being squeezed on several fronts with more pain to come, a leading bank says.

[alokdhir]

it was probably bad luck if you sold in 2020 as no one new central banks would print like no tomorrow and that is the only reason you made money from 2020 to late 2021
but people who sold most stuff in sept/oct 2021 probably pretty happy now knowing that no money printing will cause a big jump in stock prices now

As not everyone is as smart like u ...its better not to interfere with your long term goals and investments ...it works out better that way

[bull....]

all doom and gloom in papers today


Sharp fall in retail spending points to looming slowdown for the economy

https://www.interest.co.nz/personal-...was-first-nine

[dobby41]

As recently seen posted somewhere else:






Anyone fancy how this pair will fare if things implode or a real financial crisis occurs ?

Has anyone accurately predicted what is going to happen - anywhere?

https://www.nzherald.co.nz/business/...K3LS2QHBHVO74/

House prices tumble almost everywhere, Auckland and Wellington property prices take big hits


https://www.nzherald.co.nz/business/...OQD4U4DJDSKQE/

Interest rate rises ‘risk a financial earthquake’


Premium content

There is a risk of a 'financial earthquake' but house prices are unsustainable and need to come down to more realistic levels.
People predict house price dives and everyone ignores it until it happens (maybe not as big a dive as many predictions).

It wasn't that long ago that people were saying that interest rates wouldn't go up because the Govts couldn't afford it so would engineer them to stay down.

I wish house prices had dropped 20% or so in a year and gotten the pain over with (including a share precipitous drop rather than the dribble down).
Always better to rip a plaster off that keep tugging at it.

[dobby41]

As recently seen posted somewhere else:






Anyone fancy how this pair will fare if things implode or a real financial crisis occurs ?

https://www.nzherald.co.nz/business/...MNINQXNUBYHZY/

Households’ finances moving from squeezed to crushed, economist warns

When was the last time 'economists' were right? About anything?

[alokdhir]

Has anyone accurately predicted what is going to happen - anywhere?



There is a risk of a 'financial earthquake' but house prices are unsustainable and need to come down to more realistic levels.
People predict house price dives and everyone ignores it until it happens (maybe not as big a dive as many predictions).

It wasn't that long ago that people were saying that interest rates wouldn't go up because the Govts couldn't afford it so would engineer them to stay down.

I wish house prices had dropped 20% or so in a year and gotten the pain over with (including a share precipitous drop rather than the dribble down).
Always better to rip a plaster off that keep tugging at it.

Didnt BoE engineer something to help save pension funds from rampant drop in Bond prices conversely rise in Bond yields ? When it will cause systemic risks to overall stability then they will need to chose the lesser evil ...slowly it can be managed ...ripping of bandaid may make the wound bleed again uncontrollably

[nztx]

When was the last time 'economists' were right? About anything?

When was the last time Labour were right? About anything?

What will Robbo & OrrLess produce this time. aside from a huge worsening financial mess ?

https://www.nzherald.co.nz/business/...MNINQXNUBYHZY/

Households’ finances moving from squeezed to crushed, economist warns

WESTPAC warning seems more credible than Govt or RB sources on what is happening

[BlackPeter]

When was the last time 'economists' were right? About anything?

I am sure economists are (statistically) neither more often nor less often right about the future than anybody else.

This is the thing: Only NOBODY is able to predict the future ... but nobody so far found NOBODY.

[nztx]

https://www.nzherald.co.nz/business/...JM646BPEHNOHU/


Bank of Japan defies market pressure and keeps monetary policy ultra loose

(Guess what ? ... It's Premium .. again )


Meanwhile Robbo's giving hand to a select anointed few is bound to be the only thing loose in Kiwiland
during Ardern's & Robbo's reign of destruction leading up to elections, with OrrLess frantically trying
to hover it back in record time, resulting in further poverty