El Niño here in a few weeks not good news for the economy ……and Heartland
The 3 C’s are lead indicators of where economy going …….Climate, commodities and currency ….at the moment the outlook for 2 of these is not that good……probably make our current non-recession become a real one early next year
Don’t forget Jeff keeps reminding us that Heartlands fortunes are dependent on how economy going ….and Jeff old enough to remember how bad the El Niño droughts of 1997/98 were.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
El Niño here in a few weeks not good news for the economy ……and Heartland
The 3 C’s are lead indicators of where economy going …….Climate, commodities and currency ….at the moment the outlook for 2 of these is not that good……probably make our current non-recession become a real one early next year
Don’t forget Jeff keeps reminding us that Heartlands fortunes are dependent on how economy going ….and Jeff old enough to remember how bad the El Niño droughts of 1997/98 were.
People have been looking for recession for long now ...maybe stocks will actually rejoice when it truly materialises .
That shud open the path to lower rates outlook by mid 2024 ...
El Niño here in a few weeks not good news for the economy ……and Heartland
The 3 C’s are lead indicators of where economy going …….Climate, commodities and currency ….at the moment the outlook for 2 of these is not that good……probably make our current non-recession become a real one early next year
Don’t forget Jeff keeps reminding us that Heartlands fortunes are dependent on how economy going ….and Jeff old enough to remember how bad the El Niño droughts of 1997/98 were.
Actually - El Nino in itself does not need to be bad for NZ economy ... depends on how the local weather plays out and how well the farmers are prepared. They certainly can't complain about lack of notice, and I assume that e.g. the new Canterbury Planes irrigation system (CPW) might get a good test this summer.
Might be even good if local farmers are prepared and global food productions shrinks => better margins ;
Here is a more detailled analysis produced for the last big El Nino event:
Poor Leanne. Jeff never told her when she became Heartland 'Bank' Chief Executive that Heartland isn't really a bank. It is just a jumped up finance company that does *all* its banking through Westpac, and the 'bank' bit on the Heartland name was all a marketing exercise. No wonder Heartland isn't on a level playing field with the real banks.
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Originally Posted by winner69
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