Muldoon did not hit the nail on the head. He missed the nail and went straight for the fingers - as was his style. He loved a good scapegoat? He belittled those seeking a better life away from Muldoonism in NZ as well as belittling the country which took them in.
Mr keating put in place a wonderful superannuation scheme which saved their bacon a few times.
The last good idea from that contitent..
Looking at googles 1day price it really was a V crash over a few hours from over us$40 to about $32 and then back to $40.
v bounce didnt last long , bitcoin heading back to test 30 k , i reckon if it falls thru 30k support be another almighty crash. wonder how this will affect stocks?
almost forgot about nz budget or lack of one lol. glad beneficiaries got some money but hardly enough to have much impact as for the rest of the budget think this sums it up
don’t expect New Zealand to stop its decline on almost every social and economic measure against other OECD countries.
productivity commissions new report just highlights nz decline in living standards from near the top of OECD to near the bottom wow ... we must be doing something wrong obviously
Working longer hours but producing less: NZ's poor productivity
Little surprise here. NZ has had a regressive tax regime that has taxed salaries and income profit but has left capital gains including from real estate (owner occupied and investment) mostly untaxed. So with the ease of leveraging an investment in real estate, it is no surprise that NZers have prioritised investment in real estate rather than in capitalising business production.
Mr keating put in place a wonderful superannuation scheme which saved their bacon a few times.
The last good idea from that contitent..
Keating once described Australia as being at "The arse-end of the World". Perhaps people from other islands and continents could learn something from Australian ability to self-criticise and not to take themselves too seriously.
Keating once described Australia as being at "The arse-end of the World". Perhaps people from other islands and continents could learn something from Australian ability to self-criticise and not to take themselves too seriously.
ytd markets the best places at the moment are europe and the US to have ones loot , apart from a few stocks NZ continues to be the worst place in the world to have your loot
.....I don't see what high interest rates and a higher NZD delivers for us except less competitive exports.
cheaper imports... The question is what changes to make to ones investments in response. Raising interest rates, raising NZ dollar... NZ importers with no gearing like HLG might be more attactive?
Originally Posted by Bjauck
Reply With Quote
Bookmarks