HGH - Heartland Group Holdings

[janner]

Yup - agreed wholeheartedly.

Going to be tens of thousands out of jobs - where are the jobs going to come from?

There are tens of thousands of jobs going begging now ( prior to lock down ).
Stop importing cheap labour. Simple aye ?.

[Balance]

There are tens of thousands of jobs going begging now ( prior to lock down ).
Stop importing cheap labour. Simple aye ?.

Well, not such a bad thing if unemployed NZers start becoming fruit pickers, farm labourers, drive Ubers, clean toilets etc etc

Can you see it?

[iceman]

Well, not such a bad thing if unemployed NZers start becoming fruit pickers, farm labourers, drive Ubers, clean toilets etc etc

Can you see it?

You beat me to it Balance. Even right at this moment, horticulture is struggling to find reliable pickers and packers. How bad is that ? We seem to have strayed far from HGH on this thread though !!

[Cyclical]

There are tens of thousands of jobs going begging now ( prior to lock down ).
Stop importing cheap labour. Simple aye ?.

I wonder what it means for my Indian colleague who submitted his residency application about 9 months ago (but at last count still hadn't been assigned to a case manager)? We are in the tech industry, so he might be ok. As much as many of us don't like the influx, I feel sorry for those guys who have spent thousands of dollars and a whole lot of effort to apply and then something like this comes along.

At least Winny might be able to say he achieved one of his promises.

[Balance]

You beat me to it Balance. Even right at this moment, horticulture is struggling to find reliable pickers and packers. How bad is that ? We seem to have strayed far from HGH on this thread though !!

Has profound implications for the banking sector if businesses are unable to ramp up production, generate revenues and service their bank loans.

If most of the unemployed NZers are happy to live on subsistence welfare payouts (likely), tecpcery is going to be painfully slow and domestic demand is not going to be able to offset the loss of economic momentum of the global lockdowns.

Just look at the tens of thousands of rental vehicles parked up and down NZ (especially in tourist spots like Queenstown) and shudder at how the banks are going to enforce their security!

[janner]

Well, not such a bad thing if unemployed NZers start becoming fruit pickers, farm labourers, drive Ubers, clean toilets etc etc

Can you see it?

Yes... With a Government that closes the purse.

But this is now going off topic.

[Bjauck]

Perish the thought.

The haves in the main have worked and saved.
...

Yep the government will have its work cut out to encourage boomers to take divert their capital from inflated land based investments to reinvest into productive business and investments after they successfully rode house price inflation for years. With current settings, another generation will take a lot of convincing to reinvest into NZ companies and businesses.

[kiora]

Yep the government will have its work cut out to encourage boomers to take divert their capital from inflated land based investments to reinvest into productive business and investments after they successfully rode house price inflation for years. With current settings, another generation will take a lot of convincing to reinvest into NZ companies and businesses.

The landscape is likely to drastically change from riding house price inflation to protecting capital.Farm investments,primary industries, will be at the other end of the oscillation
https://www.stuff.co.nz/business/114...fe-investments

[Panda-NZ-]

Well if the haves are wiped out, the government will need to have deep pockets for a long time to fund and establish businesses afterwards. Too bad if the impact from their drastic Covid measures, and who they chose to support, could also be seen as a way of establishing a government owned socialist society.

Those who survive (ie the young) will take up assets, designs/IP for cheap and take it to new heights as it always has been in nz. Rent will be cheaper, commercial and residential hopefully. This will enable some positive changes with tech minded people taking over the leadership positions.

Boomers on the whole are not that educated (some left without HS) but own the property market.. how rediculous is that. If the domestic talent is not there it can be imported.

[blackcap]

Boomers on the whole are not that educated (some left without HS) but own the property market.. how rediculous is that. If the domestic talent is not there it can be imported.

The fact that boomers are not educated is actually of no significance whatsoever. They have something that no young person has. They have the wisdom of experience, which in my experience, trumps formal education every time.