Even though most of the inflation was due to lack of supply, you want to cause businesses to retreat further
If interest rate tightening is not resumed to reign in inflation to within the RBNZ remit, at the very least other measures should be enabled to stop the resumption of over-investment in residential land instead of business.
Downgrade has been the catalyst to lead long term yields higher ...thus increasing reference rates for loans and stocks ...this is more like 50bips rates increase by FED which will disturb the dreams of US stocks Bulls ...or they were already looking for an excuse to lighten up and let markets drift lower from almost 4600 levels which were beyond anyone's dreams when 2023 started
Our market is stuck in its own rut ...elections and low activity signals coming from all leading indicators like Port traffic etc
Last qtr clarity will return on politics as well as economy direction thus rates outlook ...till then W69 will keep us informed and scared
Fonterra Co-operative Group Ltd today reduced its 2023/24 season forecast Farmgate Milk Price range from $7.25 - $8.75 per kgMS, with a midpoint of $8.00 per kgMS, to $6.25 - $7.75 per kgMS, with a midpoint of $7.00 per kgMS.
Fonterra Co-operative Group Ltd today reduced its 2023/24 season forecast Farmgate Milk Price range from $7.25 - $8.75 per kgMS, with a midpoint of $8.00 per kgMS, to $6.25 - $7.75 per kgMS, with a midpoint of $7.00 per kgMS.
yep much lower profits coming for farmers.
add the fact politicians are now saying the tax take is collapsing and robinson has called in bosses to slash jobs ? then the nz economy is looking very weak going forward.
already has to a degree .... us dollar has been down recently and nzd cannot get up ( normally nzd goes up when usd falls ) continually being sold down on any meaning full rise
Oil ripping, NZD dipping. Fortunately, we're a post oil economy. It was our Nuclear Free moment. Felt so proud when we ditched our reliance on fossil fuels.
Bookmarks