Black Monday

[Snoopy]

Economists and policymakers need to think seriously about how toaddress is the economy’s longstanding and chronic issues – low productivity, poor infrastructure and insufficientvalue-add in many of our key export sectors – or the consequences will not be pretty.

I read bull's comment and wondered how Adrian Orr would look if he croaked out the next reserve bank pronouncement in a 'toad dress'. Maybe finance minister Nicola Willis would look better wearing that 'toad dress', whatever it might be?

SNOOPY

[Joshuatree]

Guru Mark from Craig’s says -

“We don’t want to see the economy struggle, but if it leads to a reprieve on the interest rate front, then it could give the economy a boost and give the sharemarket the shot in the arm,”

Exactly ,an engineered recession by The Reserve Bank to deal to inflation and high interest rates.

[Muse]

Bonds should do ok. I have bought some long dated bonds pre-xmas, should get some decent upside on these when RBNZ panic cuts back to zero.

If this doesnt work I will be super slutted, whats the point in knowing stuff about economics and maths if it doesnt make you any money

dang Leemsip - I understand being disappointed if it doesn't work out but showing a bit of skin on a street corner a bit extreme : )

[Bobdn]

@Muse - amazing, I was going to comment on "super slutted" as well. I haven't heard the phrase for a couple of decades at least. I think it was used in the 1980s or even 1970s? Must have drifted into the 1990s then it was lost in the mists of time - until now.

I wonder if it appeared in other countries as well?

[Leemsip]

trying to get across the depth of my emotion on these bonds!
Got to get some skin in the game eh.

[Bobdn]

https://www.theguardian.com/business...urrency-trader

Knowing economics and mathematics didn't seem to help Keynes with currency trading but I see he did ok with shares.

I'm blissfully ignorant on maths and economics, fortunately. Otherwise I might start picking stocks again.

[Valuegrowth]

[alokdhir]

No worries …saw this headline - An economist believes the double dip recession means the Reserve Bank (RBNZ) will slash rates by a full percentage point this year.

More than market priced in of 75 basis

Punters love rate cuts …NZX could be the place to be this year

ONLY U and me HAD been thinking this way ....it's just the start ....may end the year UP 20% on Index basis ...fingers crossed and fully involved

[alokdhir]

With NZ10Y rate vs US10Y showing smallest gap in recent history ...NZD is very bearish ...all pointing to markets thinking NZ rates will tank faster than US .


NZX should have better year based on above info ...will it ?

[Rawz]

ONLY U and me HAD been thinking this way ....it's just the start ....may end the year UP 20% on Index basis ...fingers crossed and fully involved

Only you two? Lol