Black Monday

[JBmurc]

I trust you noticed that Baa_Baa was just pulling your leg?

Re the prices - I assume you realise that Qtn is just a facility to herd and extort foreign tourists and foreign workers. Surprised any sensible Kiwi would go there, unless for the activity of extorting foreigners ... but certainly not bring their money there.

... Mostly locals would use this chippy .. but I've found it quite common now to cost me around $30 for many takeaways .... good reason to cook your own lunch

[winner69]

US inflation beaten

Read that this is the 3rd most intense inflation decline from a peak in the past 7 decades. In just 11 months, the inflation rate plunged -510 basis points to 4% on the nose (+3.2% on a 6months. basis and +2.2% over the past 3 months

[kiora]

Could see a "Plunge" in interest rates in NZ & "BOUNCE" in shares?

[winner69]

NZ Current Account deficit March $33billion still pretty bad

[bull....]

Big profits not to blame for inflation, report suggests

Sense Partners economist Shamubeel Eaqub said there was no evidence of widespread increases in profit margins driving up inflation in New Zealand

https://www.stuff.co.nz/business/132...eport-suggests

oh well so its the greedy workers fault

[mike2020]

[QUOTE=winner69;1007823]NZ Current Account deficit March $33billion still pretty bad[/QUOTE
It looked like insurance inflows improved the figures. Isnt that a little artificial?

[ValueNZ]

Big profits not to blame for inflation, report suggests

Sense Partners economist Shamubeel Eaqub said there was no evidence of widespread increases in profit margins driving up inflation in New Zealand

https://www.stuff.co.nz/business/132...eport-suggests

oh well so its the greedy workers fault

Try the reserve bank of New Zealand and their expansionary monetary policy, as well as the governments ever increasing spending fuelled by debt.

[bull....]

Try the reserve bank of New Zealand and their expansionary monetary policy, as well as the governments ever increasing spending fuelled by debt.

yep i see the IMF just issued a warning about NZ and the govt spending being excessive

Watch live: Inflation will remain high for some time and interest rate increases can't be ruled out, IMF warns

https://www.stuff.co.nz/business/300...-out-imf-warns


Food inflation continues

Statistics NZ said grocery food prices increased by 12.7% in May compared to the same month in 2022, while fruit and vegetable prices increased by 18.4% for the same period.

https://www.interest.co.nz/personal-...pidly-stats-nz

ORR must be very confident in his no more rate increases ... oRR is he pulling our leg ?

[bull....]

Fed holds off on rate hike, but says two more are coming later this year

https://www.cnbc.com/2023/06/14/fed-...june-2023.html

dovish pause with hawkish commentary , anyway the market was not to phased..... hail the AI may the multi baggers continue to roll in

[bull....]

New Zealand's first-quarter GDP shrinks 0.1 percent, confirming country is in recession


https://www.newshub.co.nz/home/money...recession.html


guess combined with NZ high inflation means NZ has STAGFLATION ( without the high unemployment yet ? )