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  1. #21
    Member jimdog31's Avatar
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    Quote Originally Posted by stoploss View Post
    Hi Beagle , the example you quote I believe is assuming Interest only . Most households will be on P&I. So the figures will be as follows . ( Still a good saving)
    $ 400 K , I/O 4.5 % Weekly payment $ 346.15 :2.5 % : $ 192.31 saving $ 153.84
    $ 400K , P&I 4.5 % weekly payment $ 467.39: 2.5 % : $ 364.53 saving $ 102.86
    Its also about the confidence/mindset of the homeowner. house price is rising, payments are dropping, i cant go overseas...

  2. #22
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    Quote Originally Posted by Greekwatchdog View Post
    Boost spending and economy. They were considering it and last I heard was still on the table...
    Perhaps we've reached the stage where further borrowing - to distribute funds indiscriminately via "helicopter" - should be avoided?

  3. #23
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    Not so sure and as the Labor Govt is known for throwing money here there and everywhere. Economy is in precarious position. Chch City center is awfully quiet and needs foot traffic and people spending...There is still a large gap with spending that can't be replaces. International Visitors..

  4. #24
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    Is anyone prepared to Speculate National "threw" the election, knowing the economy is precarious?

    Anyone remember Winston's speech, 3 yrs ago, when the coalition was announced, that if the economy implodes, dont blame us?

    Now we are 3 yrs on, risk level more elevated?

  5. #25
    Member jimdog31's Avatar
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    Quote Originally Posted by Getty View Post
    Is anyone prepared to Speculate National "threw" the election, knowing the economy is precarious?

    Anyone remember Winston's speech, 3 yrs ago, when the coalition was announced, that if the economy implodes, dont blame us?

    Now we are 3 yrs on, risk level more elevated?
    That was just winny covering his ass. He was the first to say “the economy has gone great , thanks to us”.

  6. #26
    Member jimdog31's Avatar
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    Quote Originally Posted by Getty View Post
    Is anyone prepared to Speculate National "threw" the election, knowing the economy is precarious?

    Anyone remember Winston's speech, 3 yrs ago, when the coalition was announced, that if the economy implodes, dont blame us?

    Now we are 3 yrs on, risk level more elevated?
    Considering almost 20 National Mps now need to consider their employment future I doubt they deliberately threw it.

  7. #27
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    Quote Originally Posted by jimdog31 View Post
    Considering almost 20 National Mps now need to consider their employment future I doubt they deliberately threw it.
    The reasoning being that if the economy does implode, Labour can take the rap, action some unpopular policies, a Nordmeyer Black Budget maybe, then National sweep back in on a landslide, without need for coalition, and those 20 plus more get their jobs back, if they want them.
    Last edited by Getty; 18-10-2020 at 01:59 PM.

  8. #28
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    Quote Originally Posted by jimdog31 View Post
    Considering almost 20 National Mps now need to consider their employment future I doubt they deliberately threw it.
    Agree, looks like worse than National expected, though not so bad when ACT is added in. Time to regroup and bring the ACT MPs up to speed.

    Labour is now facing a tough and grinding 3 years. Ms Ardern has done her job, delivered Labour the victory and will have many pleasanter options available to her. Not so surprising if she moves on during the term.

    Meantime, the unions will be gearing up for a big payday. Hopefully they will look at what employers will be doing to survive. Better pay and conditions for their members are grand until the automation takes over or the employers fold their tents. As far as this thread goes, I would be looking at sectors with relatively high union activity with a view to profit taking.

  9. #29
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    Quote Originally Posted by artemis View Post
    Agree, looks like worse than National expected, though not so bad when ACT is added in. Time to regroup and bring the ACT MPs up to speed.

    Labour is now facing a tough and grinding 3 years. Ms Ardern has done her job, delivered Labour the victory and will have many pleasanter options available to her. Not so surprising if she moves on during the term.

    Meantime, the unions will be gearing up for a big payday. Hopefully they will look at what employers will be doing to survive. Better pay and conditions for their members are grand until the automation takes over or the employers fold their tents. As far as this thread goes, I would be looking at sectors with relatively high union activity with a view to profit taking.
    Tough 3 yrs alright especially for small business but no worries for Cindy, she will follow Aunty Helen to the UN for a cushy number in due course.

  10. #30
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    Quote Originally Posted by jimdog31 View Post
    Its also about the confidence/mindset of the homeowner. house price is rising, payments are dropping, i cant go overseas...
    Dead right mate. The wealth / feel good effect from national average house prices going up 16% is HUGE !!
    No butts, hold no mutts, (unless they're the furry variety).

  11. #31
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    yes for labour it was also a hospital pass, they get to govern a war zone. Of course winston church turned that into a grand opportunity in history.

    which business get to prosper well it appear we should have kept ebos because we did not realise they do in fact do vaccines but it appears people in lock downs love their pets as much as they love their houses!!!

    staples are usually the winners in recessions and that means agriculture of all kinds?

  12. #32
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    Who knows what will happen, but I fear it didnít matter which leader took over. We all need to plan for the worst and hope for the best.

  13. #33
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    Retailers like HLG..BGP will benefit after all.

    Why??

    1. People can not go overseas...extra or left over domestic holiday money will be spent on clothing and improving the house.

    2. Mortgage on very low rate... extra savings also encouraging.

    3. Even homeless have pocket money, food n accomodations now... thanks to the labour and our tax money

  14. #34
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    So in your opinion the homeless should have no money, accommodation and food?



    Quote Originally Posted by King1212 View Post
    Retailers like HLG..BGP will benefit after all.

    Why??

    1. People can not go overseas...extra or left over domestic holiday money will be spent on clothing and improving the house.

    2. Mortgage on very low rate... extra savings also encouraging.

    3. Even homeless have pocket money, food n accomodations now... thanks to the labour and our tax money

  15. #35
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    Quote Originally Posted by couta1 View Post
    Just what struggling businesses need after Covid, this is really going to help.

    a lot of business owners clearly voted Labour too...

  16. #36
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    Quote Originally Posted by couta1 View Post
    Tough 3 yrs alright especially for small business but no worries for Cindy, she will follow Aunty Helen to the UN for a cushy number in due course.
    You are in the minority continually bagging the PM, get over it, she is here for a bit longer!

  17. #37
    Advanced Member King1212's Avatar
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    U can host them and give your money if u wish

  18. #38
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    Quote Originally Posted by tim23 View Post
    You are in the minority continually bagging the PM, get over it, she is here for a bit longer!
    As I've said elsewhere we got the lesser evil with Cindy being able to govern alone, besides how is the truth bagging the PM, she will be off to the UN in due course. PS-40% of voters is still a big minority.
    Last edited by couta1; 18-10-2020 at 07:55 PM.

  19. #39
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    Quote Originally Posted by tim23 View Post
    a lot of business owners clearly voted Labour too...
    That's called strategic voting. It was obvious Labour would lead the next govt. so getting their vote up would mean they would not be dictated to by the Kermits.

  20. #40
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    Not sure if things are going to be as bad as people think ... the government has borrowed ~$50,000,000,000 from future generations to pay for the "now" ... the next government in 2023 and beyond are going to have massive issues going forward ...
    If Greens have their way the tax rates are all going to increase excessively which will likely mean a brain drain to Australia and other lower tax countries ... we will lose any competitive advantage we had and will have to import skilled workers from India, China, Philippines ... all we will hear "they are stealing our jobs" so the locals will get more handouts.

    All a horror story .. I really hope this all doesn't come to pass



    I don't see much upside for the stock market in the next 3 years ... goodluck to all!

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