How international market forces affect NZ property

[Jeffa]

Commodities like oil is not a service, but the girl working at the BP is.

Commodities tend to fall first in price, then the girl gets her hours cut, but usually gets let go, and the downward spiral of deflation continues

That's the easy part, the hard part is trying to stop the downward spiral..

One mans income is another wage , and his wage is another man's income, if the cycle breaks then the economy comes crashing down, which is what the central banks want

That's fine, I'd like them to explain how they will restart the economy without printing more money ?

Donald Trump is the leading Republican candidate , he says he will default, this is what I warned what could happen in 2030 in which I was trying to prepare my family financially, physicaly and mentally, I could be wrong and it could happen earlier.

[Jeffa]

So the difference between price inflation and service inflation is what, exactly?.

Commodities like oil is not a service, but the girl working at the BP is.

Commodities tend to fall first in price, then the girl gets her hours cut, but usually gets let go, and the downward spiral of deflation continues

That's the easy part, the hard part is trying to stop the downward spiral..

[Jeffa]

^^ Everyone has a boss - but who is his boss?

cheers,

Donna

Follow that rabbit hole Donna...Follow the rabbit hole vvvvvv

The Trilateral commission

Bilderberg Group

The council of Foreign relations

You may not want to understand..its better not too, just enjoy your wealth and your health, for ignorance is bliss..

[Perry]

So the difference between price inflation and service inflation is what, exactly?.

[Jeffa]

I presume "service inflation" relates to the labour charges for chippies, sparkies, plumbers, etc?

It means the average cost of all services , leading to an increase or in the last few months decrease for the overall cost of living for individuals and businesses

Like labor costs, increased demand for services, supply chain cost, which is why it makes up 57% of U.S cpi data,so yes, anything that requires service from an individual or company.

This is falling pretty fast in the US, so inflation is likely dead in the US should service inflation continue down in the next cpi update in 3 week's

I'd be surprised if the Fed raised rates from here which should have a knock on effect to wholesale mortgage rates in NZ.