Originally posted by Perry
View Post
Announcement
Collapse
No announcement yet.
Financial Armageddon!!
Collapse
X
-
From the worst government in history files
I can’t see house prices holding up long term if this shit continues.
Richard Prebble, NZ herald. 6/9/23.
The International Monetary Fund, in its latest Regional Economic Outlook, predicts that next year the New Zealand economy will have the second-lowest growth of the 159 nations it surveys, with the only worse country being Equatorial Guinea.
The projection for New Zealand is 0.8 per cent growth, compared with 1.7 per cent for Australia, 1.1 per cent for the United States, 1.5 per cent for Canada – and yes, minus 8.2 per cent for Equatorial Guinea, a misgoverned African dictatorship.
After six years of Labour, what is our excuse? We cannot say Covid: that was a pandemic, something that is worldwide.
The IMF has warned that the New Zealand Government must get control of expenditure.
Comment
-
Originally posted by Engineer View PostFrom the worst government in history files
I can’t see house prices holding up long term if this shit continues.
Richard Prebble, NZ herald. 6/9/23.
The International Monetary Fund, in its latest Regional Economic Outlook, predicts that next year the New Zealand economy will have the second-lowest growth of the 159 nations it surveys, with the only worse country being Equatorial Guinea.
The projection for New Zealand is 0.8 per cent growth, compared with 1.7 per cent for Australia, 1.1 per cent for the United States, 1.5 per cent for Canada – and yes, minus 8.2 per cent for Equatorial Guinea, a misgoverned African dictatorship.
After six years of Labour, what is our excuse? We cannot say Covid: that was a pandemic, something that is worldwide.
The IMF has warned that the New Zealand Government must get control of expenditure.
Comment
-
Originally posted by Engineer View PostFrom the worst government in history files
I can’t see house prices holding up long term if this shit continues.
Richard Prebble, NZ herald. 6/9/23.
The International Monetary Fund, in its latest Regional Economic Outlook, predicts that next year the New Zealand economy will have the second-lowest growth of the 159 nations it surveys, with the only worse country being Equatorial Guinea.
The projection for New Zealand is 0.8 per cent growth, compared with 1.7 per cent for Australia, 1.1 per cent for the United States, 1.5 per cent for Canada – and yes, minus 8.2 per cent for Equatorial Guinea, a misgoverned African dictatorship.
After six years of Labour, what is our excuse? We cannot say Covid: that was a pandemic, something that is worldwide.
The IMF has warned that the New Zealand Government must get control of expenditure.
the whole anti NZ policy ..
go through the history of NZ policy and Govt leadership and it shows a clear path to hurting NZ's future
Comment
-
Originally posted by Engineer View PostFrom the worst government in history files
I can’t see house prices holding up long term if this shit continues.
Richard Prebble, NZ herald. 6/9/23.
The International Monetary Fund, in its latest Regional Economic Outlook, predicts that next year the New Zealand economy will have the second-lowest growth of the 159 nations it surveys, with the only worse country being Equatorial Guinea.
The projection for New Zealand is 0.8 per cent growth, compared with 1.7 per cent for Australia, 1.1 per cent for the United States, 1.5 per cent for Canada – and yes, minus 8.2 per cent for Equatorial Guinea, a misgoverned African dictatorship.
After six years of Labour, what is our excuse? We cannot say Covid: that was a pandemic, something that is worldwide.
The IMF has warned that the New Zealand Government must get control of expenditure.
Comment
-
National coalition needs min 6 years to turn our country around - and if not we will get progressively worse - i.e seesawing our way to 2nd or 3rd world status.
However - things can get better quickly with foreign investment in NZ. It’s what turned Singapore around.
They don’t have anything to sell yet in a few years jumped to double our GDP.
cheers
DonnaEmail Sign Up - New Discussions, Monthly Newsletter, About PropertyTalk
BusinessBlogs - the best business articles are found here
Comment
-
-
Interesting intel.
Nz herald
The world market cap is a good indicator of economic activity. It shows comparatively, not just the value of companies but the relative size of one country’s markets to another.
If we compare New Zealand with the United States, we can see that the NZX 50 sits at 0.1 per cent of the world market by capitalisation, whereas the S&P 500 sits at 59 per cent.
This comes down to the sheer scale of markets as well — there’s little chance God’s Own would compete for size with markets like the US. What we need to think about here is comparative returns performance.
From the start of 2020 to now, the US market cap has seen a return of 15.17 per cent per annum while NZ has seen only 0.15%
Comment
-
Reality check punters.
US national debt has just hit 34 TRILLION, it took 3 and a half months to add the last trillion.
Do YOU really know how much a trillion dollars is?
Big problems incoming in 2024. Yes the fed will possibly (notice how I said possibly) start cutting rates, but the reason they will be doing this is because it will be a last gasp effort to stave off total collapse of the economy. IF and WHEN the fed start cutting rates, things will deteriorate quickly.
If you think the cutting of rates will be the saving of yourself and the economy YOU ARE WRONG. It will be the start of a bad recession, and many will go down big time.
The reverse repo market is dropping fast down from 2 trillion to now 800 billion, this is propping up the US baking system, when they run out of money something bad hits the fan big time.
I know I have said all of this before but the longer this gos on the bigger the fall out will be.
Be very wary and careful punters, Chook tried to warn you.
- Likes 1
Comment
-
I will be shorting the market via ASX ETFs = SNAS (NDX Short) BBUS (S&P500 short) pre-US election which I think Trump could win .. and this is when the whole House of cards could fall down ... leverage in the market is like 100:1 ...of course like all major crashes its all planned .. the next one will bring in the CBDC =cashless society
Comment
-
The snowball continues to get bigger..
Do you understand this?
QT picking up means more rate hikes, and if the fed doesnt do this then get ready for the next wave of inflation...
Remember,...when they pivot and start dropping rates it will be the last dance and most things will be in flaming freefall..
Comment
Comment