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07-07-2015, 04:44 PM
#381
Originally Posted by macduffy
So right, winner!
Too many commentators who automatically see the half full glass as empty. But then, they're probably talking their own books!
Yes definitely pushing their own barrow, macduffy. And the crowds are joining in.
Westpac put out their Local Knowledge Report today. Of the 20 economic series they monitors net 30% (difference between % rising less % falling) are rising. Not often that high. Heaps more things doing better than last month than doing worse - glass more than half full.
But because it's slightly down from previous report the commentary is all about the sky falling in and we must have interest rate cuts and all that - wonder what their motive is?
”When investors are euphoric, they are incapable of recognising euphoria itself “
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07-07-2015, 05:13 PM
#382
What is doing better? The obvious from me is sheep & beef, tourism (lower dollar), so yep agree its not all negative, but be interested in hearing what other industries you think are doing better ?
Hopefully you find my posts helpful, but in no way should they be construed as advice. Make your own decision.
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07-07-2015, 08:53 PM
#383
Originally Posted by Daytr
What is doing better? The obvious from me is sheep & beef, tourism (lower dollar), so yep agree its not all negative, but be interested in hearing what other industries you think are doing better ?
Well, for a starter, any business, in any industry, that exports, is benefitting from a lower NZD!
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08-07-2015, 08:56 AM
#384
Yeah sure, so they are benefitting from a weaker economy in a sense.
That's been my bias from the start.
Kiwi much lower & will benefit NZ as an export led economy.
Kiwifruit did very well this year.
Hopefully you find my posts helpful, but in no way should they be construed as advice. Make your own decision.
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08-07-2015, 09:27 AM
#385
Originally Posted by Daytr
What is doing better? The obvious from me is sheep & beef, tourism (lower dollar), so yep agree its not all negative, but be interested in hearing what other industries you think are doing better ?
Daytr, here's that Westpac report and the suite of the 20 things they look at
You not this Michael guy are you .....commentary is very much what you are saying. I mainly have a look at the pictures .....more things going up than down is what I see
You don't need to read the last few pages by the way
https://wibiq.westpac.com.au/wibiqau..._July_2015.pdf
”When investors are euphoric, they are incapable of recognising euphoria itself “
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08-07-2015, 10:52 AM
#386
Haha, do you think if I had a real job I would be spending so much time on here!
Interesting he used agricultural out in tons rather than dollars, which would be a much better chart to use.
What is quite apparent is that we need to host another world cup!
Hopefully you find my posts helpful, but in no way should they be construed as advice. Make your own decision.
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21-07-2015, 02:31 PM
#387
Interesting pullback in the Kiwi/Aussie cross after Key did the NZ economy no favours yesterday after the market interpreted Key's comments that the Kiwi had moved to far too fast. Doesn't the market realize this guy was in sales, not a trader! ;-)
Either way its presented what I think maybe an opportunity prior to the RBNZ decision on rates.
If they cut 50, watch the cross blow out back toward at least 1.14.
Eventually I think we are heading to 1.18 but possibly quite a bit weaker as that would really only be an historic average rate against the Aussie.
Hopefully you find my posts helpful, but in no way should they be construed as advice. Make your own decision.
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21-07-2015, 04:44 PM
#388
Originally Posted by Daytr
Yeah sure, so they are benefitting from a weaker economy in a sense.
That's been my bias from the start.
Kiwi much lower & will benefit NZ as an export led economy.
Kiwifruit did very well this year.
Yes a major boom for the exporters margins increasing from the currency weakness ...sadly many have to deal with lower commodity prices
still could have been so much worse had the NZD stayed high ... looking forward to 1.18 AUD / NZD should finally get a pay rise
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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21-07-2015, 07:03 PM
#389
http://www.cnbc.com/2015/07/20/commo...n-decline.html
Commodity currencies: Who's the ugliest of them all?
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09-10-2015, 08:17 AM
#390
At this rate might need to get ready for those parity parties
”When investors are euphoric, they are incapable of recognising euphoria itself “
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