Black Monday

[winner69]

Impossible to go against the flow of funds, W69 - akin to whistling against a hurricane!

Lower for longer (interest rates) and higher for just as long (markets).

So right .......got to make the most of it .....and I’ll probably won’t care when the merry go round stops and it all turns to custard

[Balance]

So right .......got to make the most of it .....and I’ll probably won’t care when the merry go round stops and it all turns to custard

Make sure you leave the last 15% in for the last holder so you can get out!

[BlackPeter]

Make sure you leave the last 15% in for the last holder so you can get out!

Great advise. Only small technical question ... how do you measure the last 15% if the peak against which you are measuring still might be in the future?

[winner69]

Can’t recall who said this yesterday -

“New Zealand lives on the sovereign margin--low government investment, high private debt, low wages, export oriented. The strengths of a floating sovereign currency have been eaten away--New Zealand mirrors many developing nations with limited economic opportunities.”

Think it was meaning under a Labour Government for the next 6 years we are truly stuffed ...it was in connection with
A comment “We’re not even close to our ‘nuclear-free moment’” ....which seems to be a measure of how our PM keeps her promises.

[nztx]

Future of Kawerau paper mill uncertain


"This story was originally published on RNZ.co.nz and is republished with permission.

The future of another major industrial operation is under review because of the Covid-19 pandemic.

Norwegian forest products company Norske Skog is reviewing the future of its Tasman newsprint mill at Kawerau.

Norske Skog said Covid-19 has had a rapid, negative and likely irreversible impact on the industry in the region."

Likely flow on effects ?

Another large Industrial Enterprise with the microscope out on it's operations

Who can blame them when the current Political crew have the wallet open for all & sundry
to smooth the waves ..

More at Link

https://www.stuff.co.nz/business/300...mill-uncertain

[bull....]

US markets seem to be unwinding the US election jitter protection trade to a degree as its looking more likely biden might win and there wont be a contested outcome.

[peat]

...

I'm liking the look of ANZ chart.

ANZ.JPG

On fire today up 3%

[Joshuatree]

US markets seem to be unwinding the US election jitter protection trade to a degree as its looking more likely biden might win and there wont be a contested outcome.

"Wont be a contested outcome" I believe its in trumps nature to contest, divide and go down causing chaos.

[bull....]

"Wont be a contested outcome" I believe its in trumps nature to contest, divide and go down causing chaos.

not long to wait and see

[bull....]

Reserve Bank would rather do 'too much':

Home loan rates could get as low as 1.5 per cent as the Reserve Bank throws its weight behind stimulating the economy

https://www.stuff.co.nz/business/300...to-regret-that


wow great strategy from the RBNZ with mortgage rates this low buying a house will be way cheaper than renting. they will stimulate the construction industry big time as house building demand will soar and all the downstream businesses of this. rents might even drop as less rental property demand as no immigration.
First home buyers are flooding the market for loans for potentially the best chance they have to buy a first home and the majority of people who are funding this is the term deposit people as there returns probably go negative after tax and inflation , but least they can feel happy they are helping young people get there first home.

get your income why you can and of course your first house