NZSX50 - Good News!

[bull....]

NZ IN DISPARATE NEED OF INFRASTRUCTURE

https://www.nzherald.co.nz/business/...ectid=12248137

NO kidding what happened to grant robinsons PPP's or the infrastructure funds? more arse blowing eh

[Timesurfer]

Wait until the tide comes in an extra metre or two. Everyone will be out there with their electric diggers going hard out to keep up.

[bull....]

The first rate cut, when the economy isn’t in a recession, leads to a stock market rally 100% of the time, according to data compiled by Fundstrat going back to 1971

https://www.cnbc.com/2019/07/10/when...-the-time.html

[bull....]

Australia's ASX Prepares for Negative Interest-Rate Trading

markets are preparing for the potential introduction of quantitative easing in yet another Group-of-10 nation.

https://www.bloomberg.com/news/artic...t-rate-trading

get your income why you can

[bull....]

RBNZ to Refresh Unconventional Policy Strategy as Rates Drop

New Zealand’s central bank is taking another look at its strategy for unconventional monetary policy as its official cash rate looks set to plumb fresh record lows.

https://www.bloomberg.com/news/artic...-as-rates-drop

better to be prepared

[bull....]

Borrowers of all kinds have been clear benefactors of this sea change, with many nations and companies locking in low rates for as long as a century. Belgium and Ireland have sold 100-year bonds, as did Austria this year at a yield of 1.171%.

https://www.bloomberg.com/news/artic...ing-everything

Seems everyone is locking in low rates to do stuff except NZ. Maybe a working group is needed to find out why?


looks like queenstown property going down the gurgler

Foreign Buyer Ban Hits House Prices in Wealthy Winter Playground

https://www.bloomberg.com/news/artic...ter-playground

[bull....]

Business confidence slumps on construction sector woes


https://www.nzherald.co.nz/business/...ectid=12254447


fits our view of rapid down turn in the economy in the second half yr esp business intentions measure. RBNZ wont like that update i imagine and with the market expecting 90% chance of a rate cut should they not move now i imagine the reaction will be savage.

good summary here

https://www.interest.co.nz/business/...tor-2009-while

[bull....]

Business confidence slumps on construction sector woes


https://www.nzherald.co.nz/business/...ectid=12254447


fits our view of rapid down turn in the economy in the second half yr esp business intentions measure. RBNZ wont like that update i imagine and with the market expecting 90% chance of a rate cut should they not move now i imagine the reaction will be savage.

good summary here

https://www.interest.co.nz/business/...tor-2009-while

was right about the rbnz will have been concerned about the rapid slowdown coming hence the cut to 1% , better to front run it. the cny happenings will have made them go 50 as well i imagine

[sb9]

He's gone for double cut...how low can you go....

Reserve Bank cuts official cash rate to 1.0 pct

https://www.nzherald.co.nz/business/...ectid=12256484

[bull....]

hilarious ASB drops 4bp of there mortgage rates after a .5% cut to the ocr lol guess there wanting even more record profits next year. wont stimulate the housing market any that small cut lol