Outside of residential construction the NZ economy is too damn resilient. Until the unemployment rate starts to increase we will have more hammering from the RBNZ.
Resilient because this Labour government is spending $1 billion more per week since they took office - that's a lot of money being pumped into the economy.
Note that NZ's current account deficit is now the worst since records began in 1988?
All that money gone into non productive imports and spending.
budget day tomorrow. will robinson be prudent or will he throw in some lollies
the market may not care when it comes to rates
“Running wider-for-longer fiscal deficits and adding further macroeconomic stimulus to an already out-of-balance economy is potentially problematic,” he said. “In this environment even a no-frills budget could look pretty frilly from an inflation-fighting perspective.”
budget day tomorrow. will robinson be prudent or will he throw in some lollies
the market may not care when it comes to rates
“Running wider-for-longer fiscal deficits and adding further macroeconomic stimulus to an already out-of-balance economy is potentially problematic,” he said. “In this environment even a no-frills budget could look pretty frilly from an inflation-fighting perspective.”
ANZ says higher official cash rate peak might be needed
It said it now expected the rate to peak at 5.75%, rather than 5.5% as previously predicted, which is also the Reserve Bank’s forecast peak ANZ said, on the data alone, the Reserve Bank could justify a 6% peak but there were still downside risks
Maybe now is the time to look for long term growth stocks at bargain prices and not chase or be happy with yield players ...which is easier way but in long term growth stocks will easily outpace current yielders for absolute returns
Eg ...in 2014 MFT was $ 18 and HLG at $ 3.20 ...now even in downtrend MFT is $ 70 and HLG at $ 5.80 ...all can do the maths
Originally Posted by Fiordland Moose
Reply With Quote
Bookmarks