Black Monday

[stoploss]

Will we see our mortgage interest down?

If you are on a floating rate somewhere between .5 to .75 would be my guess .
Fixed rate have to wait for your refix .

[Balance]

https://www.stuff.co.nz/national/hea...ays-sam-stubbs

Have a read,

don't just take notice of what the doomsday merchants write,

get comfortable with your investment exposure

and enjoy the day - the sun will rise tomorrow.

Things will get worse but a year from now, many will wonder like with other crises why they did not take advantage of some fire-sales coming up.

[Balance]

Not impressed, nothing on deposit insurance or OBR...go hard go early...with a dose of stupid seems the approach. This will not passed on to to small businesses who will be assessed as more risky...pathetic. Given fixed rate lock up...delayed impact...for now a bank benefit package!

That's what China did (go hard and go early when the Central government took responsibility) with containing the coronavirus while you and a few others were busy spreading wild rumors and conspiracies about why and while China was doing it.

Zero credibility = Raz.

[bull....]

Not impressed, nothing on deposit insurance or OBR...go hard go early...with a dose of stupid seems the approach. This will not passed on to to small businesses who will be assessed as more risky...pathetic. Given fixed rate lock up...delayed impact...for now a bank benefit package!

yep will improve bank margins the most , if businesses and householders get anything it will be a token amount but savers will have to pay for it

[bull....]

https://www.stuff.co.nz/national/hea...ays-sam-stubbs

Have a read,

don't just take notice of what the doomsday merchants write,

get comfortable with your investment exposure

and enjoy the day - the sun will rise tomorrow.

Things will get worse but a year from now, many will wonder like with other crises why they did not take advantage of some fire-sales coming up.

lol and the sun will come crashing down later in the week

[Balance]

yep will improve bank margins the most , if businesses and householders get anything it will be a token amount but savers will have to pay for it

As one with savings in the bank, small price to pay - happy that RBNZ has taken the step, rather than do nothing.

Impressed myself so far with the job that Adrian Orr is doing - he tries to stay ahead of the curve and is very transparent vs the behind the curve Brash & Bollard.

[Balance]

lol and the sun will come crashing down later in the week

Only for you, bull....

Rest of us will be enjoying the sunshine - you choose what you do, right?

[stoploss]

As one with savings in the bank, small price to pay - happy that RBNZ has taken the step, rather than do nothing.

Impressed myself so far with the job that Adrian Orr is doing - he tries to stay ahead of the curve and is very transparent vs the behind the curve Brash & Bollard.

If he was ahead of the curve he would have cut at the last OCR meeting .... ( when many were picking a cut )
Now has been forced to get with the program with an emergency cut .
Also not so ahead of things now he is delaying the introduction of the new bank capital rules .
Not to mention he has said we are not prepared for negative rates ..... Why ?

[bull....]

Only for you, bull....

Rest of us will be enjoying the sunshine - you choose what you do, right?

exactly people do whats right for you

[Raz]

That's what China did (go hard and go early when the Central government took responsibility) with containing the coronavirus while you and a few others were busy spreading wild rumors and conspiracies about why and while China was doing it.

Zero credibility = Raz.

As usual you get personal as you can't counter an actual argument, China did it so it must be good or is the US involved must be bad! You should ask around here and find out about your credibility lol