How international market forces affect NZ property

[Jeffa]

yeah took a small loss .. moved funds into some TSX energy plays made it back within a week LOL

Yeah you're right on energy, this rally is going to spread to other sectors in the market outside the tech AI play in the Nasdaq driven by strong earnings from the biggest economy in the world being US, not to mention a dovish Fed so it will spread world wide to not just Europe but the ASX /NZX50 and NZ housing market

[Frezzinghot]

Geez the current housing market must be tough, had an appraisal on one of my rentals, not good, not at all.

[Jeffa]

Bank of America forcasting the European Central Bank to cut official cash rate first in June / The Fed will follow later in June and the Bank of England to cut rates in August

[chook]

An update on Rachel & Simon,.. Rachel was missing Rangi so after a discussion with Simon, Rangi has moved in as well..and contributes to the rent..

[Frezzinghot]

'Slow grind:' Bank says economy 'treading water' but predicts OCR to drop later this year (msn.com)

[Jeffa]

'Slow grind:' Bank says economy 'treading water' but predicts OCR to drop later this year (msn.com)

Yeah be interesting what Adrian Orr has to say this week, he’s got a couple of interviews with RNZ and the herald about the economy he will be mindful of what he has to say

Im picking he will mention the Feds dovish tone, markets pricing in rate cuts in Europe, how this will effect the kiwi dollar and economy moving forward

Watch the kiwi, if he’s dovish it will fall which could stagnate falling inflation, if he’s maintaining no rate cuts until 2025 it will rise which will obviously hurt our exports and economy further,so he will keep much of his forecast to himself (and his 1% club mates)

[Jeffa]

Why is this not being picked up by mainstream media in NZ

It’s a possible cyber attack on the US

Sleepy Joe Biden should not be writing this off as an accident

Could be a black swan event for markets if it was terrorism

[Jeffa]

Yeah be interesting what Adrian Orr has to say this week, he’s got a couple of interviews with RNZ and the herald about the economy he will be mindful of what he has to say

Im picking he will mention the Feds dovish tone, markets pricing in rate cuts in Europe, how this will effect the kiwi dollar and economy moving forward

Watch the kiwi, if he’s dovish it will fall which could stagnate falling inflation, if he’s maintaining no rate cuts until 2025 it will rise which will obviously hurt our exports and economy further,so he will keep much of his forecast to himself (and his 1% club mates)

Something’s up , market getting spooked…

[Chris W]

King Jeffa should be RBNZ governor

Are you going to apply the next time the RBNZ are searching for applicants?

[Jeffa]

Are you going to apply the next time the RBNZ are searching for applicants?

My masters degree in conspiracy theories will likely not make it past the first round,

[Jeffa]

Anybody see lamb prices at the grocery stores? It’s been a few years since it was this cheap

Lamb was sitting at a low $5.50 a kilogram on last week’s meat schedule compared with about $9/kg last season

Now imagine what’s going to happen to our farmers if the Fed cuts rates and the Kiwi dollar becomes more expensive

Fk the lamb chops, our economy is teetering on collapse

[Jeffa]

1/Isis comes out of hiding looking like street beggars from K road

2/Princess Kate diagnosed with cancer along King Charles

3/Puff Daddy on the run being a pedo

4/Ship turns of its lights and collides directly into a bridge shutting down main support route

5/ Rich people and poor people in NZ arguing about a boat race and dolphins (wtf?)

6/…..?

[Frezzinghot]

1/Isis comes out of hiding looking like street beggars from K road

2/Princess Kate diagnosed with cancer along King Charles

3/Puff Daddy on the run being a pedo

4/Ship turns of its lights and collides directly into a bridge shutting down main support route

5/ Rich people and poor people in NZ arguing about a boat race and dolphins (wtf?)

6/…..?

Looks like a whole bunch of distractions to me!

[Frezzinghot]

Looks like a whole bunch of distractions to me!

I mean how much of this stuff can one actually believe?

[Sanya]

Geez the current housing market must be tough, had an appraisal on one of my rentals, not good, not at all.

Was the appraisal to sell or rent?

Some analysts are suggesting house prices may fall from current levels in selected geographic markets due to high stock levels and cautious buyers. Longer term the trend is up.

Recent data shows rents are flattish in Auckland but going gang busters in some other geographic markets.