Black Monday

[skid]

I doubt this will happen. Just look at all the celebrities who said they would leave but have now reneged.


If anything more jobs will be available in the States due to more infrastructure spending so you will see the reverse.

I dont think the main reason is for jobs

[Beagle]

Nice post Hoop, thanks for the walk down memory lane. I completed my Tertiary education in 87 so you have a few years experience on me.
I remember the Muldoon era well. 60% deposit to buy a car if my memory serves me well...I think you had to have foreign currency at one point ? Then he fixed interest rates at 8 and 11%.
Think Big, the only project that really worked was Marsden point.

The experiment I was alluding too is the possible level of debt or quantitative easing Trump might consider. Just keep printing money until inflation rears its ugly head...I suppose they could inflate their way out of debt, generate some serious inflation and reduce the debt in real terms. Perhaps that's the idea. Interesting to note that interest rate sensitive stocks, REIT's for example haven't really participated in today's lukewarm bounce-back.

The good old Earnslaw, what a fabulous old lady of the lake she is...will be down in Queenstown next week, hard to resist going to a little ride...being cashed up I have time to smell the roses so too speak

[see weed]

As a result of Trump investment in a 'safe' economy as NZ could increase substantially.

USA immigration enquiries increase by 56,000 in the 24 hrs before 9am today, 24x's more than usual.

Read this; http://www.bloomberg.com/news/articl...hock-trump-win

Correct me if I'm wrong.....56,000 pc Clinton supporters. Me just a good old home town proud red neck racist.

[Hoop]

Correct me if I'm wrong.....56,000 pc Clinton supporters. Me just a good old home town proud red neck racist.

Getting close to Christmas..here's a redneck gift ..enjoy

[Joshuatree]

I only lasted 9 seconds Hoop. Check out trumpies suits.Includes 3 ongoing with Trump University.

Legal affairs of Donald Trump - Wikipedia

[Hoop]

I only lasted 9 seconds Hoop. Check out trumpies suits.Includes 3 ongoing with Trump University.

Legal affairs of Donald Trump - Wikipedia

Bloody Hell...equivalent to 120 Law suits/year in the last 30 years...I would guess that number will rise as he is yet to deal with his political enemies...

US politics to be the best and most watched entertainment show in 2017??...Game of Thrones and Westworld won't stand a chance

[bull....]

looks like the false break down back into the channel caused by election noise has gone? and the natural trend has resumed - up so maybe the initial breakout is still on towards 20k dow
rotation out of defensives continues in the us and bonds rrising so guess nzx wont be going up in a hurry either probably down

[skid]

Nice post Hoop, thanks for the walk down memory lane. I completed my Tertiary education in 87 so you have a few years experience on me.
I remember the Muldoon era well. 60% deposit to buy a car if my memory serves me well...I think you had to have foreign currency at one point ? Then he fixed interest rates at 8 and 11%.
Think Big, the only project that really worked was Marsden point.

The experiment I was alluding too is the possible level of debt or quantitative easing Trump might consider. Just keep printing money until inflation rears its ugly head...I suppose they could inflate their way out of debt, generate some serious inflation and reduce the debt in real terms. Perhaps that's the idea. Interesting to note that interest rate sensitive stocks, REIT's for example haven't really participated in today's lukewarm bounce-back.

The good old Earnslaw, what a fabulous old lady of the lake she is...will be down in Queenstown next week, hard to resist going to a little ride...being cashed up I have time to smell the roses so too speak

I remember if you wanted to take a trip ,you couldnt get foreign currency until a week before (or something like that)--I actually had to go out and buy a refundable ticket to get my travelers checks in anticipation of an increase in that currency)--it was crazy

Yes,looks like Trump is going to go on a spending spree for infrastructure and ..do tax cuts and.. increase military spending--that debt is going to rocket (unless they get some major inflation)---this may be his biggest bankruptcy yet--the USA

[skid]

looks like the false break down back into the channel caused by election noise has gone? and the natural trend has resumed - up so maybe the initial breakout is still on towards 20k dow
rotation out of defensives continues in the us and bonds rrising so guess nzx wont be going up in a hurry either probably down

Whats good for the USA (perceived,like infrastructure spending) does not always rub off on other markets--As time goes on ,if he makes changes like protectionism,then thinking global may have to be adjusted.

[moka]

Bloody Hell...equivalent to 120 Law suits/year in the last 30 years...I would guess that number will rise as he is yet to deal with his political enemies...

US politics to be the best and most watched entertainment show in 2017??...Game of Thrones and Westworld won't stand a chance

http://www.usatoday.com/story/news/p...uits/85297274/

Chapter 3
The slot-machine cabinets
Despite the Trumps’ assertion that his their companies only refuse payment to contractors “when somebody does a bad job,” he has sometimes offered to hire those same contractors again. It’s a puzzling turn of events, since most people who have a poor experience with a contractor, and who refuse to pay and even fight the contractor in court, aren’t likely to offer to rehire them.

Nevertheless, such was the case for the Friels. After submitting the final bill for the Plaza casino cabinet-building in 1984, Paul Friel said he got a call asking that his father, Edward, come to the Trump family’s offices at the casino for a meeting. There Edward, and some other contractors, were called in one by one to meet with Donald Trump and his brother, Robert Trump.

“He sat in a room with nine guys,” Paul Friel said. “We found out some of them were carpet guys. Some of them were glass guys. Plumbers. You name it.”
In the meeting, Donald Trump told his father that the company’s work was inferior, Friel said, even though the general contractor on the casino had approved it. The bottom line, Trump told Edward Friel, was the company wouldn't get the final payment. Then, Friel said Trump added something that struck the family as bizarre. Trump told his dad that he could work on other Trump projects in the future.

“Wait a minute,” Paul Friel said, recalling his family's reaction to his dad’s account of the meeting. “Why would the Trump family want a company who they say their work is inferior to work for them in the future?”

“We have hundreds of millions of dollars of construction projects underway. And we have, for the most part, exceptional contractors on them who get paid, and get paid quickly. But it would be irresponsible if my father paid contractors who did lousy work. And he doesn’t do that.”