Financial Armageddon!!

[eri]

"The US economy seems to be transitioning into a stagnation phase after a brief period of goldilocks on a sugar high of fiscal stimulus.

We advise investors to prepare for recession," it said.

Wall Street stocks and global bourses may keep climbing for a few more months before peaking in July.

...

It would also be a shattering blow to the eurozone, where Italy is already in recession

and Germany has stalled.

The European Central Bank's key interest rate is minus 0.4pc.

https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12217765

[DaveW]

"
It would also be a shattering blow to the eurozone, where Italy is already in recession

and Germany has stalled.

The European Central Bank's key interest rate is minus 0.4pc.

https://www.nzherald.co.nz/business/...ectid=12217765

I'm seriously considering Italy real estate, pennys for the dollar.

[Don't believe the Hype]

I'm seriously considering Italy real estate, pennys for the dollar.

ill be there in Jul-Aug for a month or so if you need any inspections done before you purchase

[Davo36]

I'm seriously considering Italy real estate, pennys for the dollar.

Can you share any links of what you think is cheap?

[eri]

how about a spanish village for $140k?

https://www.stuff.co.nz/world/europe/111685225/ghost-villages-are-for-sale-in-spain

[Perry]

Business confidence dips into negative territory
15 April

The new year started out positively, but with the recent release from the Tax Working Group and changes to employment law coming into effect, businesses are being hit hard," Milford said. The biggest barriers to growth businesses and organisations were facing, were finding skilled workers (23 per cent) and compliance costs and financing issues (14 per cent).

[Learning]

Where's the incentive for workers to get the skills employeers want while minimum wage keeps going up faster than "real" wages?

[Chris W]

For the record

Central Auckland house prices plummet, Real Estate Institute data shows

24 Apr 2019

[Davo36]

All median price, low sales volumes, means nothing.

[Don't believe the Hype]

Problem is dave that the sheep who blindly follow the experts in the press start to worry... the massess make investment decisions based on quality inputs like the NZ herald and Stuff

[Chris W]

For the record

Central Auckland house prices plummet, Real Estate Institute data shows

24 Apr 2019

Editors / moderators:

Are we not allowed to cut and paste the full article into the post for historical reference? The reason I put it in is for historical reference with the source for attribution. In a couple of years, the link will likely be dead and the article details will be lost, and we will be unable to learn the lessons of history. I have looked back at some of the news links shared in 2008 / 2009 and they are dead and the information in the article is lost, and no longer retrievable.

[Perry]

Editors / moderators:

Are we not allowed to cut and paste the full article into the post for historical reference?

No. That breaches copyright. The PT Rules make mention.

PropertyTalk would likely get a cease and desist letter from Stuff if the full article text was re-produced without permission. If you obtained permission from Stuff, it would be O.K. Failing that, the best you can do is retain the full text yourself, for future reference.

[Chris W]

No. That breaches copyright. The PT Rules make mention.

PropertyTalk would likely get a cease and desist letter from Stuff if the full article text was re-produced without permission. If you obtained permission from Stuff, it would be O.K. Failing that, the best you can do is retain the full text yourself, for future reference.

Thank you Perry for your clarification.

[JBM]

World debt at $250 trillion is 3x global GDP – an all-time record. And if we add unfunded liabilities and derivatives, total debts and liabilities amount to over $2 quadrillion which is 25x global GDP.

This is not going to end well...

then you have investors thinking property will just keep going up on the back of even larger debts ..we are boucing along all time highs enjoy it while it lasts as all techincal analyst points to another major correction

[Perry]

But when? Nobody knows for sure, do they?

Boom and bust cycles are part of the NZ psyche.