How international market forces affect NZ property

[Jeffa]

If and this is a big if this happens, I would not be surprised to see house prices recover over 2023/24 Summer by 5% to %10 in our big cities, Auckland, Wellington, Chch, as wages have increased and interest rates decrease.

I can't answer this, I'm focusing on the entire macro economy and the benefits or negatives on the housing market and share market.

..but what I can say, it's not in the best interest to those who truly control the world to open more access to the wealth pie.

[Jeffa]

The contagion spreads closer to home...


https://www.pallascapital.com.au/pal...ng-trust-no-1/

Swiss national (Central) bank have said they will provide credit to lol "Credit" Suisse bank.


Translation: This is the second central bank after the Fed to re start the money printing.

[Engineer]

Labour will rob Peter to pay Paul so they can rely on Pauls vote.

Socialism 101.
3 more years of this crap ?

[Jeffa]

Herald:

GDP fell 0.6 pc in fourth quarter, worse than expected - expectations for interest rate hikes fall




ANZ:


Bottom line: the noise in these data is still deafening. We didn’t take the full signal from Q3’s whopper +1.7% q/q growth rate, and we’re not taking the full signal from Q4’s payback either. That’s not to say economic momentum isn’t slowing – it most certainly is – but rather, Q4 quarterly growth overstates the pace of the slowdown. Downside surprises on the activity data are unlikely to move the dial for the OCR until they are accompanied by clear evidence that the current extreme mismatch between labour supply and labour demand has turned a corner (and the noise ceases to reverberate).

King Jeffa:

Your all idiots, I predicted the rot started last winter, you could lower rates today that's not going to fix the economic pain that's already started in the US and has already infected the New Zealand economy.

[Jeffa]

[Frezzinghot]

So your saying we are a 3rd world banking system!

[Frezzinghot]

I see SG is also talking about this very thing.

[Jeffa]

Real assets are more important than ever as the central banks including the RBNZ will start Q.E money printing, they will likely disguise it under another name.

I'm becoming more confident that house prices in the big cities will triple from today's lows by 2030 as the devaluation of your dollars continues to feed the ever growing debt bubble.

[Jeffa]

Credit Suisse continued it's downward spiral today, even the Reserve bank of England has stepped into prop up the failing bank
Doesn't matter ,


Other banks and companies will follow as the weight of global debt struggles to pay the interest on a last years aggressive interest rates hikes.

You think little old NZ is to small to be affected? please ,don't make me laugh...

NZ bond yields continue to dump today as bets rise of lower interest rates.

[Jeffa]

I'm not surprised at this, I think I posted about this possibly somewhere on this thread last year.

We are paying the price for Labours strict covaids policy which was one of the strictest in the world.

This is why Hipkins is dumping previous policies to move further debt around and start buying votes to try and get sheeple to start spending again in the hopes of saving the economy which ironically is the problem... spending more than we earn or low productivity.

It's also the reason immigration will increase to raise productivity, immigration will recover to pre covaids numbers, rents will increase and so will house prices on the back of this.

All these politicians are trying to do is buy votes to get get them through another election just so they can ruin the country further

In the six months from September last year to February this year 86,706 people have arrived in NZ on work visas.

The 17,862 overseas workers who arrived last month were only slightly below pre-Covid levels, with 20,514 arriving in February 2020 and 20,361 arriving in February 2019.

The numbers suggest overseas worker flows are recovering very quickly in the wake of pandemic restrictions,

Source: interest.co.nz

[Jeffa]

And ANZ wants rates to continue higher while US bond market sells of worse than the GFC

[Jeffa]

Oil prices dumping on future low demand , futures market saying there will be less demand internationally, more deflationary pressures.

[Jeffa]

Real assets are more important than ever as the central banks including the RBNZ will start Q.E money printing, they will likely disguise it under another name.

I'm becoming more confident that house prices in the big cities will triple from today's lows by 2030 as the devaluation of your dollars continues to feed the ever growing debt bubble.

JPMorgan: $2 trillion could be injected into the US banking system by the Federal Reserve's emergency loan program, that's 20% of it balance sheet

add to that China also injecting liquidity into its economy

Liquidity Liquidity Liquidity!!! Sweet Sweet Liquidity baby, house prices will triple by decades end in the big 3 cities!

Let the money printing begin...

[Jeffa]

JPMorgan: $2 trillion could be injected into the US banking system by the Federal Reserve's emergency loan program, that's 20% of it balance sheet

add to that China also injecting liquidity into its economy

Liquidity Liquidity Liquidity!!! Sweet Sweet Liquidity baby, house prices will triple by decades end in the big 3 cities!

Let the money printing begin...

Nothing to see here...move along , move along, you will be late for your tax slave jobs.

....oh yeah baby

[Engineer]

A bank run in NZ
1. Turn up at bank, and wait in the que with 4 other people.
2. Approximate wait time , 52 minutes.
3. Watch staff member deal with a confused old lady for 15 minutes.
4. Approach front bench and make case as to why they should actually give you your money back.
5. Produce ID and pass interrogation on what you intend to do with the folding.
6. Bank staff disappear, reappear, disappear, reappear again and advise that they don’t actually have that much cash on hand and you will need to come back tomorrow.
7. Realise that your money is not insured because the fat man isn’t in a hurry.
8. Panic.
9. Run out of bank.