Black Monday

[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.

Irish policies only work if they appeal to the multi-nationals by having lower tax tates and better incentives than their neighbours or other countries in their trading bloc. If their rates are matched by other countries, the Irish advantage is all but eliminated.

A risk to the Irish model is from Brexit if it means that the UK Conservatives try to make the UK a lightly regulated haven. Then it could be a race to the bottom. The UK was the big supporter of fiscal independence for nations within the EU. With the UK gone from the EU, the Irish position within the EU will be put under greater threat.

Clouds on Ireland’s policy horizon:

EU tax plan ‘an imminent threat’ to Irish economic model

https://www.irishtimes.com/business/...odel-1.3674096

Sterling hits 23-month low vs euro as no-deal Brexit worries grow.

https://www.irishtimes.com/business/...grow-1.3977627

(Irish receipts from exports to the UK are diminishing)

[Joshuatree]

10 year and 2 year bond spread is getting closer and closer together.!!
Gold US$ 1496 oz
USA mkts opening down dOW futures - 160 atpit.

[bull....]

10 year and 2 year bond spread is getting closer and closer together.!!
Gold US$ 1496 oz
USA mkts opening down dOW futures - 160 atpit.

overseas rates plunging tonight , german industry production terriible worst in yrs , oil crashing $50 hit , gold surging looks like markets are pricing in global recession? at least the us is still strong.

[bull....]

what a ride today in the US bonds , gold , stocks all over the place lol

anyway everyone one in the world seems to think NZ has joined the currency war now

The Reserve Bank of New Zealand has joined the global race to the bottom, declaring it will do "whatever it takes" and echoing the famous promise by European Central Bank president Mario Draghi that preceded an era of zero per cent interest rates that Europe has never escaped from.

https://www.afr.com/markets/debt-mar...0190807-p52eum

[winner69]

Central bankers and economists pose a greater risk to the globe than climate change does.

[winner69]

what a ride today in the US bonds , gold , stocks all over the place lol

anyway everyone one in the world seems to think NZ has joined the currency war now

The Reserve Bank of New Zealand has joined the global race to the bottom, declaring it will do "whatever it takes" and echoing the famous promise by European Central Bank president Mario Draghi that preceded an era of zero per cent interest rates that Europe has never escaped from.

https://www.afr.com/markets/debt-mar...0190807-p52eum

Orr personally will love this coverage .....

[bull....]

Orr personally will love this coverage .....

lol he was certainly well talked about last night , some might say he helped contribute to the flight to safety last night around the world

[JBmurc]

Central bankers and economists pose a greater risk to the globe than climate change does.

Central banks around the world are trying their best to run a control demolition of their fiat currencies in the hope to reach the so-called 2% inflation ?? yet shares/property have gone through the roof last few years ?? But RBNZ has to slash rates ?? WTF what's going to happen when NZ greatest boom in decades comes to an end and we see major falls and double-digit unemployment ... 0% rates ?


https://www.youtube.com/watch?v=24wsVVo_g-I


https://www.youtube.com/watch?v=24wsVVo_g-I

[peat]

Volatility is very high
my portfolio value wobbling around quite alarmingly this week.
however that said it is higher today than it was the day before yesterday so volatility is good , right?

[clearasmud]

Central bankers and economists pose a greater risk to the globe than climate change does.

Made me smile