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  • Originally posted by Jeffa View Post
    Kiwibank:

    "Kiwibank economists say according to the bank's own transaction data, spending slumped 9% in the March quarter"

    ANZ

    "Despite intentions to pass costs on where possible, profit expectations fell 3 points, with a net 4% of firms expecting lower profitability ahead. The stresses and strains in the New Zealand economy are starting to show. "


    Jeffa the all seeing eye reports

    " he spent his money on U.S companies.
    In New Zealand, land of tax slave sheep, Besides property there's not much else to invest into, "

    Grant Robinson was disappointed in Jeffas comments and is contemplating more government regulation.
    The IMF is forecasting NZ growth to be half that of Australia.

    The U.S and Australian economies are expected to boom over the next 3 years..New Zealand yeah nah.

    Only one person can save the sheep from themselves..expect interest rates to be cut and more stimulus.
    Last edited by Jeffa; 08-04-2021, 04:34 PM.

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    • Originally posted by Wayne View Post

      Says the man who promised negative interest rates by the start of this year!
      These are coming..

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      • Originally posted by Jeffa View Post

        These are coming..
        No they aren't!

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        • The most important part of an economy is spending.

          You need credit to spend.

          We are heading towards a double dip recession.

          Interest rates will be lowered..to lower them further you need to print more money.

          You can pay back the debt later when the economy is back to full swing.

          Our economy is forcast to grow half the rate of Oz..there is no economic plan moving forward.

          Negative rates coming .
          Last edited by Jeffa; 08-04-2021, 09:44 PM.

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          • Originally posted by Jeffa View Post
            The most important part of an economy is spending.

            You need credit to spend.

            We are heading towards a double dip recession.

            Interest rates will be lowered..to lower them further you need to print more money.

            You can pay back the debt later when the economy is back to full swing.

            Our economy is forcast to grow half the rate of Oz..there is no economic plan moving forward.

            Negative rates coming .
            You were wrong last time - you are wrong this time.
            Negative interest rates not coming this year.

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            • Originally posted by Wayne View Post

              You were wrong last time - you are wrong this time.
              Negative interest rates not coming this year.
              But they are coming..

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              • Originally posted by Wayne View Post

                You were wrong last time - you are wrong this time.
                Negative interest rates not coming this year.
                I'm always wrong until I'm right..

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                • Some may wonder how Jeffa the all knowing gets his knowledge..to look forward you must first look back...
                   

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                    • Tis a convenient time don't you think? Too many secrets...
                      Last edited by Jeffa; 10-04-2021, 12:15 AM.

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                      • Originally posted by Wayne View Post

                        You were wrong last time - you are wrong this time.
                        Negative interest rates not coming this year.
                        Westpac..

                        "We did consider the case for further easing – the RBNZ has emphasised that it is both willing and able to do more, including taking the OCR below zero, if conditions warrant.

                        "Our view is that OCR cuts would require evidence of a sudden lurch lower in consumer spending or homebuilding. If it’s more the case of a slower recovery, we suspect that patience and a steady hand would be more appropriate."

                        Jeffa knows all..

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                        • Reposted from Matt Gilligan of Gilligan Rowe Associates.

                          I'm seething about these tax changes.

                          This government is attacking middle New Zealand with all these housing initiatives and tax reform, - its mum and dads being hit, not property oligarchs. 80% of landlords in NZ own one rental property according to MBIE stats in Feb 2021. 96% own 4 or less. 6 out of seven properties are provided by private landlords and NGOs, who is going to provide the houses if landlords give up?

                          And the 96% of the landlords that are owning 4 or less properties, these are hardly rich listers, but are being treated like economic terrorists and scapegoated for successive governments not solving supply.

                          Investors are being labeled speculators, tax cheats, now accused of running potential rent cartels, to name a few recent characterizations in the press and from Labour. They are suffering the most sustained attack by this government, loss ring fencing, the cost of healthy homes, ridiculous tenancy rules, 60% lvrs, now interest non deduction rules and 10 year brightline rules. Soon to be added if we read between the lines, rent controls and removal of interest only loans. The latter is very serious.

                          And when investors start to exit the market, which they will, who will provide the housing? The state? Thats called socialism. That's what that is, the bloody government seeking to centralize and control, and stifle private initiative, stop a middle class trying too hard and especially stop any one group getting to far ahead. The reward for trying hard, being smart, sacrifice and investment is wealth. This government calls it a wealth gap, and sees this as a problem, not a means to greater productivity and self determination. It's socialism, envy politics is part and parcel. Turn the poor against the rich, using labels like speculator and tax loop hole exploiter.

                          The solution is vote against these socialist (but well meaning) zelots, vote against these ideological academics, that went straight from school to university to politics, and apart from one of them working in a fish and Chip shop , none of them have run large businesses and built productive business units in their lives. Yest they are running a country.

                          Look at how they run the health system for example, and the gaping holes and problems.

                          They just want to take from the rich and give to the poor, seek out victims to virtue signal to, hug and apologize to the world. But they don't know how to consult and facilitate the very clever and efficient private sectors. They are so arrogant they know better, they shoot from the hip with poorly thought through policy like these tax changes, rather than form informed discussion in select committes and taking advice through community and expert consultation.

                          I liked Jacinda, but Labour needs to go. They are doing damage.

                          Vote for your local national MP, give Act your party vote. David Seymour is the only politician that says he wants to reverse these interest non deduction tax changes and irrational tenancy rules. He is a libertarian, he wants to reverse the bullshit and let us get on with providing for our families and self determine.

                          Make sure you educate your peers and mates on the utopian problems that come out of Marxism and this socialist government, I keep bumping into the younger generation that don't know what Marxism is and the whole argument surrounding the alienation of capital from labour, and what our labour comrades are up to. Make sure you explain it, it's hard to understand the different perspectives if you haven't had them explained.
                          "DEBT BECOMES IRRELEVANT WITH INFLATION".

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                            • Wtf?
                               

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                              • Your masters have designed the system to have landlords vs tenants, rich vs poor.

                                It is a cycle that has repeated itself..I read the hate on social media..civil war coming? This is a natural order of things.

                                Let us see ..
                                 

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