Black Monday

[nztx]

it was china that saved the world after the GFC and created the boom afterwards not the fed. china is not going to save the world this time

Aren't they ? .. they're back open & it looks like they're sure going to try, even if they still have the usual trove of dead dying & gone
sitting on the books in their financial system... they may not like the US much but are still buying primary & investing (check PGG & QEX)

[Balance]

Aren't they ? .. they're back open & it looks like they're sure going to try, even if they still have the usual trove of dead dying & gone
sitting on the books in their financial system... they may not like the US much but are still buying primary & investing (check PGG & QEX)

Western commentators (economists, media and politicians) still have little idea about why China keeps surprising them with its economic ability to grow resiliently over the last 30 years.

Simplistically, the average Chinese saves 40c out of every $1 earned vs the average Westerner spending $1.50 for every $1 earned. And they are prepared to tighten their belts when things get tough.

[Balance]

https://www.news.com.au/lifestyle/he...3c0aa6846cd979

Unprecedented - NZ PM invited to discuss TransTasman bubble with Australian cabinet.

Bring it on! 💪

[Balance]

Didn't pick you as a day trader Balance, particularly when you seem to post macro views. i guess you take whatever wins you can in this environment

Which part of de-coupling from the US do you read as a day trading comment?

You are free to speak for yourself (and bull...) but don't even attempt to try to speak for others with both your day trading mindset.

NZX closes in positive territory - poor effort on your part, bull...

Aren’t you pleased though, bull... about the de-coupling of NZX (& ASX) from the US market and the incoherent rantings of the red haired demented circus clown Trump?

TransTasman travel bubble next - hopefully we can all watch the badly hit tourism & hospitality sector recover.

[bull....]

Aren't they ? .. they're back open & it looks like they're sure going to try, even if they still have the usual trove of dead dying & gone
sitting on the books in their financial system... they may not like the US much but are still buying primary & investing (check PGG & QEX)

back in 2007 china gdp was 15% it was 6% when the virus hit , it is considerably lower now so unless they are going to go the way of the usa with massive money printing etc they are just not as big growth engine as before when they propped up the world in 2001 and 2007

[bull....]

NZX closes in positive territory - poor effort on your part, bull...

Aren’t you pleased though, bull... about the de-coupling of NZX (& ASX) from the US market and the incoherent rantings of the red haired demented circus clown Trump?獵

TransTasman travel bubble next - hopefully we can all watch the badly hit tourism & hospitality sector recover. 

nzx and asx bounced yesterday from oversold levels intraday , nothing spooky about that day traders acting on technicals. As for the transtasman bubble it will only increase our risk of importing the virus again and anyway just how many people are really going to spend thousands of dollars travelling in this environment. probably just a lot of wishful thinking.

[workingdad]

Markets a bit shaky last few trading days, bull market taking a breather or bear taking a reality check?

[Balance]

https://www.nytimes.com/reuters/2020...explainer.html

And NZ/Oz travel bubble gathers global attention and exuberant coverage by the international media.

No doubt getting the attention of international fund managers & investors as well.

All good stuff! 👍👍👍

[sb9]

Chinese companies seem to be on the hunt for bargain depressed assets as witnessed in them building a stake by chinese tech giant Tencent of 5% in APT (Afterpay) across ASX and PGW here by BAIC....what more to come??

Listening to our good ole Winston on Q+A last night, he did mention that they're working at fast pace on a legislation to stop any opportunistic acquisitions of NZ companies by foreign entities, similar to what AUS govt has done recently.

[winner69]

Chinese companies seem to be on the hunt for bargain depressed assets as witnessed in them building a stake by chinese tech giant Tencent of 5% in APT (Afterpay) across ASX and PGW here by BAIC....what more to come??

Listening to our good ole Winston on Q+A last night, he did mention that they're working at fast pace on a legislation to stop any opportunistic acquisitions of NZ companies by foreign entities, similar to what AUS govt has done recently.

Hope it’s rushed through while Winnie has some clout

Otherwise as the other parties are endeared to China it’ll never happen.