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  1. #991
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    Quote Originally Posted by Bjauck View Post
    Do you know for sure that the run up in price was not given extra legs by the announcement? After all SUM is now up about 6% since the announcement and 7% over the last two weeks; RYM 9% and 11% respectively. So maybe something to do with Jacinda's resignation?
    Anything is possible but it's a sector that had a lot of positive sentiment that then turned into a lot of negative sentiment that eventually looked over done.

  2. #992
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    Quote Originally Posted by Bjauck View Post
    Do you know for sure that the run up in price was not given extra legs by the announcement? After all SUM is now up about 6% since the announcement and 7% over the last two weeks; RYM 9% and 11% respectively. So maybe something to do with Jacinda's resignation?
    American markets up as well since Jacinda resigned. Amazing eh !

  3. #993
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    Quote Originally Posted by RTM View Post
    American markets up as well since Jacinda resigned. Amazing eh !
    FTSE100 and All Ords up less than 1%. Before undies get twisted, I said maybe.

    Freezing weather in the UK since the announcement. The sun is depressed The NZ PM's power reaches the heavens.
    Last edited by Bjauck; 25-01-2023 at 08:38 AM.

  4. #994
    ShareTrader Legend bull....'s Avatar
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    Quote Originally Posted by RTM View Post
    American markets up as well since Jacinda resigned. Amazing eh !
    yes everyone is pleased
    one step ahead of the herd

  5. #995
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    Nothing to do with Jacinda Lower interest rates on the horizon, with a modicum of lower inflation in the future.

  6. #996
    ShareTrader Legend bull....'s Avatar
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    Quote Originally Posted by bottomfeeder View Post
    Nothing to do with Jacinda Lower interest rates on the horizon, with a modicum of lower inflation in the future.
    no jacinda was destroying the housing market , know there is hope as she is gone
    one step ahead of the herd

  7. #997
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    Quote Originally Posted by bull.... View Post
    no jacinda was destroying the housing market , know there is hope as she is gone
    How was She destroying housing market ? Want to know your thoughts ...

  8. #998
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    Quote Originally Posted by alokdhir View Post
    How was She destroying housing market ? Want to know your thoughts ...
    Loan interest can't be claimed. Most stupid policy!

  9. #999
    ShareTrader Legend bull....'s Avatar
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    Quote Originally Posted by alokdhir View Post
    How was She destroying housing market ? Want to know your thoughts ...
    removed interest deduction for property owners which caused many to sell and many others not to buy which helped contribute to a housing crisis as investors left the market for long term rentals
    RB and labour caused an artificial boom in house prices by printing to much
    now people will get destroyed in housing by the rate rises caused by this

    anyway some hope is returning as witnessed by retirement stocks rising the last week odd as the leader of this madness has gone
    Last edited by bull....; 25-01-2023 at 02:01 PM.
    one step ahead of the herd

  10. #1000
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    Quote Originally Posted by bull.... View Post
    removed interest deduction for property owners which caused many to sell and many others not to buy which helped contribute to a housing crisis as investors left the market for long term rentals
    RB and labour caused an artificial boom in house prices by printing to much
    now people will get destroyed in housing by the rate rises caused by this

    anyway some hope is returning as witnessed by retirement stocks rising the last week odd as the leader of this madness has gone
    She did all what all wanted including RBNZ to reign in property speculation ...also I dont think anyone will unwind what she did ...so how her resigning is giving hope to people that housing can re inflate or reignite ? Fails me to see her connection to controlling housing bubble ...that her going away will help it become better ....but all have their own opinions and I respect that ....

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