I think the greens are too left wing for the New Zealand economy. We (New Zealand)are a needle in a haystack and we are going to tell the world how to behave, or supposedly lead by example.....? I will ring Donald Trump shortly and tell him he needs to change...... I think that will have as much effect. People need to change for most of the green policies to work not legislation.
made it to the zone almost vertical move , thats a impulse for ya , payrolls tonight then see what happens breather time? maybe. if it kept going vertical then i be worried
So - what are the bets on how next Monday is going? Not sure how good the odds for a Christmas tree coalition (green + red decorated with Winston's baubles) are - but they are after the final result certainly a bit more likely then before.
NZD dropped since the announcement of the final election results a bit more against the USD continuing a downward trend which started basically at election day.
So - currency markets are fearful - what does this mean for the share market? I recon some foreign funds are pulling out of NZ (otherwise the NZD would not drop), i.e. shares should become cheaper. Export based industries should as well benefit from a lower NZD (makes it easier for them to compete internationally) - i.e. mid term many of our companies should do better, unless the Lefties decide to strangle the economy with higher minimum wages and a stronger unions (which is well possible).
Stays interesting, but quite happy I increased recently the cash component of my portfolio. Depending on how this goes - there might be some specials coming up ... and if the new government does not behave their might be better places than NZ for the cash ...
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"Prediction is very difficult, especially about the future" (Niels Bohr)
So - what are the bets on how next Monday is going? Not sure how good the odds for a Christmas tree coalition (green + red decorated with Winston's baubles) are - but they are after the final result certainly a bit more likely then before.
NZD dropped since the announcement of the final election results a bit more against the USD continuing a downward trend which started basically at election day.
So - currency markets are fearful - what does this mean for the share market? I recon some foreign funds are pulling out of NZ (otherwise the NZD would not drop), i.e. shares should become cheaper. Export based industries should as well benefit from a lower NZD (makes it easier for them to compete internationally) - i.e. mid term many of our companies should do better, unless the Lefties decide to strangle the economy with higher minimum wages and a stronger unions (which is well possible).
Stays interesting, but quite happy I increased recently the cash component of my portfolio. Depending on how this goes - there might be some specials coming up ... and if the new government does not behave their might be better places than NZ for the cash ...
The markets have been very resilient to any news in the past 12 months. Considering what we've been through here and abroad so it might just keep trucking along. I know mum and dad investors are very easily shook.
I'm with you on the cash front, mostly because there aren't that many good bargains out there right now as valuations are just crazy.
Originally Posted by BlackPeter
.Just another divide and rule tactic imo, to ignore .
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