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  • Originally posted by JBM View Post
    https://www.dunedin.govt.nz/council/...p-debt-profile

    These increase DEBT levels for the like of the DCC were just predictions ... one does wonder with the high inflation in costs how much higher the DEBT will rise too ?? and now with rates heading much higher the burden on Rate payers going forward ??

    I'm sure many Councils across NZ will be the same >>>
    Easy when its not your money aye, most of these people in these positions have no idea of business or investing.

    Comment


    • Originally posted by chook View Post

      Easy when its not your money aye, most of these people in these positions have no idea of business or investing.
      Yes everyone average kiwis ... rich kiwis buying up property etc Councils ...are Govt most of all going to the FED for 60billion ... now at 0% FED rates not a big deal ...but with talk of 2%+ in time if not MUCH higher we are talking Billions just in interest payments...

      Add in Property crash kicking the house of cards in NZ where 1 in 10 kiwis jobs are directly linked to the property market

      Retail / tourism doomed etc ...

      FUEL rocketing north hurting pretty much all sectors

      NZ present GOVT DEBT 138 Billion ... if say they are having to pay 2% to service the interest =$2.76 Billion per ann

      https://www.debtclock.nz/

      Or maybe NZ Govt debt is $155 Billion ?

      https://commodity.com/data/new-zealand/debt-clock/
      Last edited by JBM; 06-03-2022, 06:15 PM.

      Comment


      • Is that govt. debt interest paid at the end of term? I suspect so. Most of Grant RobuSum's borrowings can be rolled over, so panic not, too quickly.
        Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

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        • Originally posted by Perry View Post
          Is that govt. debt interest paid at the end of term? I suspect so. Most of Grant RobuSum's borrowings can be rolled over, so panic not, too quickly.
          interest costs will continue to accrue and compound... we all know how the compound affect works ...kick the can down the road ..

          Comment


          • Originally posted by JBM View Post
            kick the can down the road ..
            Something all NZ gummints excel at!

            I presume they rely on the aspect that it is difficult-to-impossible to foreclose on a country.

            Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

            Comment


            • Originally posted by JBM View Post

              Yes everyone average kiwis ... rich kiwis buying up property etc Councils ...are Govt most of all going to the FED for 60billion ... now at 0% FED rates not a big deal ...but with talk of 2%+ in time if not MUCH higher we are talking Billions just in interest payments...

              Add in Property crash kicking the house of cards in NZ where 1 in 10 kiwis jobs are directly linked to the property market

              Retail / tourism doomed etc ...

              FUEL rocketing north hurting pretty much all sectors

              NZ present GOVT DEBT 138 Billion ... if say they are having to pay 2% to service the interest =$2.76 Billion per ann

              https://www.debtclock.nz/

              Or maybe NZ Govt debt is $155 Billion ?

              https://commodity.com/data/new-zealand/debt-clock/
              The general public dont realise the dire situation we are in, or whats coming...Kiwi exodus overseas, massive inflation (fuel and food prices) dropping property market, dropping kiwi saver
              "Happy days are here again" NOT...Buckle in ladies and gentlemen its going to become turbulent ..

              Comment


              • Originally posted by chook View Post

                The general public dont realise the dire situation we are in, or whats coming...Kiwi exodus overseas, massive inflation (fuel and food prices) dropping property market, dropping kiwi saver
                "Happy days are here again" NOT...Buckle in ladies and gentlemen its going to become turbulent ..
                Yes I think the next least 3yrs its going be pretty painful for many ,,we have so many structure issues national and internationally .. all goes to plan being well cashed up+ low/zero personal debt levels will be a blessing ...

                Comment


                • And on a political level, it will likely be Labour & the Watermelon party‚Äôs main supporters who suffer the worst.
                  Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

                  Comment


                  • Originally posted by chook View Post

                    The general public dont realise the dire situation we are in, or whats coming...Kiwi exodus overseas, massive inflation (fuel and food prices) dropping property market, dropping kiwi saver
                    "Happy days are here again" NOT...Buckle in ladies and gentlemen its going to become turbulent ..
                    The world recession snowball is getting bigger as it rolls down the mountain and the scary thing is it is only just at the the top of the mountain!

                    Some things happening worldwide which are not being shown on MSM..
                    Sri Lanka is bankrupt with major rioting
                    Another 'Good & Safe' Chinese property development company Sunac has also defaulted on a $29 million dollar bond debt payment and has said no more payments will be made.
                    3 banks in China have frozen $178 Million of deposits
                    German inflation at over 20%
                    Do I have to mention US stocks tanking now down around 20% for the year and Bitcoin?

                    Kiwis are just now wondering why their Kiwi savers are not looking too good..

                    But wait theres more...there are indications fuel prices could go A LOT HIGHER, and world food shortages wil ramp up in the coming months

                    Be ready for more updates..

                    Comment


                    • Originally posted by chook View Post

                      The general public dont realise the dire situation we are in, or whats coming...Kiwi exodus overseas, massive inflation (fuel and food prices) dropping property market, dropping kiwi saver
                      "Happy days are here again" NOT...Buckle in ladies and gentlemen its going to become turbulent ..
                      I posted this in March, and now most people are waking upto the fact that "Whats happening here, my wealth is slowly disappearing?"

                      Heres the bad news....... There are a lot questioning "Are we headed for a Recession?" The answer is we are already in the early stages of a recession it started at the beginning of 2022 and is just getting into the swing of things, we have a long way to go yet. This is going down and its going down BIG!

                      Those that are not positioned properly will get wiped out. I am not Joking.

                      Comment


                      • Originally posted by chook View Post

                        !

                        Those that are not positioned properly will get wiped out. I am not Joking.
                        Question:
                        How do you out run a Lion?


                        Answer:
                        By running faster than the other guy.

                        Comment


                        • 19 May 2022
                          Originally posted by chook View Post
                          The general public don't realise the dire situation we are in, or what's coming...Kiwi exodus overseas, massive inflation (fuel and food prices) dropping property market, dropping kiwi saver.

                          "Happy days are here again" NOT. Buckle in ladies and gentlemen; it's going to become turbulent.
                          12 June 2022
                          Originally posted by chook View Post
                          I posted this in March, and now most people are waking up to the fact. "What's happening here? My wealth is slowly disappearing!"

                          Here's the bad news....... There are a lot questioning "Are we headed for a Recession?" The answer is we are already in the early stages of a recession. It started at the beginning of 2022 and is just getting into the swing of things. We have a long way to go yet. This is going down and it's going down BIG!

                          Those that are not positioned properly will get wiped out. I am not joking.
                          Well done, chook.

                          Hard to fault those predictions of yours, the way things are going as at June 2022.

                          You join a very exclusive few.

                          I hope I am "positioned properly," with no debt and stable tenancies.
                          Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

                          Comment


                          • Inflation running riot in the USA - interest rate rise coming?

                            Here's a question for you more learned and informed -

                            If everywhere is going through the same challenges with inflation, and rising costs, - then next is companies dumping staff i.e. redundancies - how can there be a mass exodus of Kiwis from NZ?

                            Or will it be just our top tradies, and professionals tempted by more $$ - and leaving NZ with their next job already in hand?

                            cheers,

                            Donna

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                            BusinessBlogs - the best business articles are found here

                            Comment


                            • "I hope I am "positioned properly," with no debt and stable tenancies."

                              No debt is very good positioning.

                              Comment


                              • Originally posted by donna View Post
                                Inflation running riot in the USA - interest rate rise coming?

                                Here's a question for you more learned and informed -

                                If everywhere is going through the same challenges with inflation, and rising costs, - then next is companies dumping staff i.e. redundancies - how can there be a mass exodus of Kiwis from NZ?

                                Or will it be just our top tradies, and professionals tempted by more $$ - and leaving NZ with their next job already in hand?

                                cheers,

                                Donna
                                I agree that we are going to see rising unemployment, this will contribute to the stagflating economy (worldwide) The West Australian mining industry will boom again with rising precious metal prices (mainly gold) and this will be a draw card again for Kiwis who want to do the hard yards.

                                "People are just beginning to wake from their complacency. The herd is starting to get nervous!" (Adam Taggart)

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