Black Monday

[bull....]

currency war on . us just named china a currency manipulator futures tanking down 500 already for tonight

expect a intervention i reckon in us dollar

[Balance]

Lol, we could do with a savage correction. Prices have been a ridiculous levels for a few years now. NZ in its own little bubble, might be the next Ireland.

NZ is no Ireland - will not go into the differences but the principal one is that NZ economy has not been artificially boosted & pumped up on monetary steroids by tax incentives etc before Ireland became one of the PIGs.

But agree with you that NZX could do with a good healthy correction - particularly with property where a 25% to 40% drop in land values is on the cards to bring sanity back to affordability.

And in case anyone is wondering how realistic that is - I have already seen developers dumping land in some suburbs at 20% below previous sale levels.

And as you all know, properties are valued based upon previous comparative sale values - property valuation 101, whatever you may have heard.

[Schrodinger]

NZ is no Ireland - will not go into the differences but the principal one is that NZ economy has not been artificially boosted & pumped up on monetary steroids by tax incentives etc before Ireland became one of the PIGs.

But agree with you that NZX could do with a good healthy correction - particularly with property where a 25% to 40% drop in land values is on the cards to bring sanity back to affordability.

And in case anyone is wondering how realistic that is - I have already seen developers dumping land in some suburbs at 20% below previous sale levels.

And as you all know, properties are valued based upon previous comparative sale values - property valuation 101, whatever you may have heard.

Ireland's #5 on the GDP per capita list. Including the housing collapse etc this is an awesome achievement. Ahead of Norway with oil reserves on 100+ years. Their economy is light years ahead of ours...

I would rather have their model.

[Bjauck]

Ireland's #5 on the GDP per capita list. Including the housing collapse etc this is an awesome achievement. Ahead of Norway with oil reserves on 100+ years. Their economy is light years ahead of ours...

I would rather have their model.

It helps when you are a part of a trading block with a large well-developed prosperous market, all while slashing your company taxes and providing incentives whilst riding on the coat-tails of a high taxed Germany supporting your common currency. It is no wonder that Ireland refuses to join Britain in its kamikaze mission to leave the EU...

NZ had its Brexit in 1973 and had to claw its way into new markets.

[Schrodinger]

It helps when you are a part of a trading block with a large well-developed prosperous market, all while slashing your company taxes and providing incentives whilst riding on the coat-tails of a high taxed Germany supporting your common currency. It is no wonder that Ireland refuses to join Britain in its kamikaze mission to leave the EU...

NZ had its Brexit in 1973 and had to claw its way into new markets.

Yes agree entirely the advantages of being beside a huge population, however their policies also helped them maximise the opportunities. Ireland shows the potential to bouncing back after a crash. Unfortunately we are at the bottom of the world and need to try harder than everyone else. Makes me shake my head when we have dumb policy here.

[Bjauck]

Yes agree entirely the advantages of being beside a huge population, however their policies also helped them maximise the opportunities. Ireland shows the potential to bouncing back after a crash. Unfortunately we are at the bottom of the world and need to try harder than everyone else. Makes me shake my head when we have dumb policy here.

There are many European opponents to Ireland’s being able to have such business-advantageous divergent fiscal and tax policies whilst being in the Euro area. Other EU nations are probably allowing Ireland to continue for the sake of unity in the face of Brexit. However for how much longer will this continue?

[Balance]

Ireland's #5 on the GDP per capita list. Including the housing collapse etc this is an awesome achievement. Ahead of Norway with oil reserves on 100+ years. Their economy is light years ahead of ours...

I would rather have their model.

I think we are talking Ireland leading to 2008.

[Sgt Pepper]

We should have so many inflationery pressures. If I remember rightly, we should have the perfect storm of wages pull inflation and cost push inflation, yet the cpi is so low. Such a strange scenario. Yet confidence is down, and they are bringing interest rates down. I think the economy is in arythmia and is going to have a financial cardiac arrest. Where that leaves investors holding cash and shares I dont know, but I wish I did.

Certainly uncertain times.
I have some comfort that with 4 years until this salary earner retires at least my savings are with the National Provident Fund, unconditionally government guaranteed and a minimum 4 % guaranteed return

[bottomfeeder]

A lot of red ink, in many shares today.

[Ggcc]

There seems a very small amount of turnover today on the NZX so far. Panic sellers in small amounts.