How international market forces affect NZ property

[Perry]

"He who pays the piper calls the tune."

[Perry]

Service inflation just got smashed . . .

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

[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.

[Perry]

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

[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..

[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]

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.

[chook]

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.

The start of De-flation?

[Jeffa]

Quick glance over Robinsons budget and economists and political opponents are up in arms saying this will keep inflation higher with higher for longer interest rates leading to lower house prices forever!! Were all doomed!! Doomed I tells ya!!!

No.

Inflation was caused by the printing or counterfeiting of money

The RBNZ/Federal reserve credit tightening program is taking this money out of the system

Inflation was made worse with borders closing internationally during covaids and supply chains tightened pushing up prices, supply chains are open and some commodities are now back to pre covaids prices somewhat

Immigration doesn't increase inflation as was the case during the Key/Clark era's

Natural disasters only effects inflation in local areas as was the case in the Christchurch earthquake between 2011 and 2014 ish.

This is actually a good news budget, Treasury is no longer forcasting a recession, Treasury is forcasting inflation to return below 3% next year

Inflation is dead around the world, interest rates are forecast to be cut by the 3rd or 4th quarter in the US leading to lower wholesale mortgage rates in NZ on 2/3/4/5 year rates.

The wealthiest man on Earth Elon Musk said his companies are expecting a recession in the US for the next 12 months then growth to continue for his companies in 12 months as he has been seeing deflation on prices in his supply chains.

If I look through all the doom and gloom from the economists, I see solid growth in 12 months.

[Jeffa]

New Zealand is running at a deficit, or our outgoings like what we spend is more than what what we earn like on exports ( similar to many of you landlords lol)

Easy fix

1: Increase immigration to increase income and tax revenue: ✔️ check

2: Print more money: Will do K Jeffa, just waiting on the next distraction so nobody sees.

[Frezzinghot]

Quick glance over Robinsons budget and economists and political opponents are up in arms saying this will keep inflation higher with higher for longer interest rates leading to lower house prices forever!! Were all doomed!! Doomed I tells ya!!!

No.

Inflation was caused by the printing or counterfeiting of money

The RBNZ/Federal reserve credit tightening program is taking this money out of the system

Inflation was made worse with borders closing internationally during covaids and supply chains tightened pushing up prices, supply chains are open and some commodities are now back to pre covaids prices somewhat

Immigration doesn't increase inflation as was the case during the Key/Clark era's

Natural disasters only effects inflation in local areas as was the case in the Christchurch earthquake between 2011 and 2014 ish.

This is actually a good news budget, Treasury is no longer forcasting a recession, Treasury is forcasting inflation to return below 3% next year

Inflation is dead around the world, interest rates are forecast to be cut by the 3rd or 4th quarter in the US leading to lower wholesale mortgage rates in NZ on 2/3/4/5 year rates.

The wealthiest man on Earth Elon Musk said his companies are expecting a recession in the US for the next 12 months then growth to continue for his companies in 12 months as he has been seeing deflation on prices in his supply chains.

If I look through all the doom and gloom from the economists, I see solid growth in 12 months.

Nice explanation Jeffa, would the MSM ever ask your opinion on what’s going to happen, or are some of them already taking a little peek at this thread and hiding it in plain sight?!

[Jeffa]

Nice explanation Jeffa, would the MSM ever ask your opinion on what’s going to happen, or are some of them already taking a little peek at this thread and hiding it in plain sight?!

Tony Alexander, Bernard Hickey just re write what I write but 10 times as long and much much more boring..

[Frezzinghot]

Does Robusome really think giving out free bus tickets to children under 13yr olds will ease the cost of living pain?

[chook]

Does Robusome really think giving out free bus tickets to children under 13yr olds will ease the cost of living pain?

And chopping the $5 prescription charge...god help us all

[McDuck]

[B]China's annual inflation rate fell to 0.1% in April 2022 from 0.7% in the previous month. This was the lowest reading since February 2021. source: National Bureau of Statistics of China

Apples and oranges.
How can you think that you understand what that figure means? Chi - merica is over.
Marco Polo cold have told you it would be.
In the words of the teens, " I don't ship it".