Wasn't crude at under zero for a while during 2020?
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https://www.nzherald.co.nz/business/...PIX7SCHQ6G6V4/
Fitch Solutions downgrades New Zealand GDP outlook
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It's official !
Heaps of Crashings & Smashings going on
https://www.nzherald.co.nz/business/...K2ODM3RBM642Q/
Four Wellington bars insolvent: ACC, IRD, dozens of employees and businesses claiming funds
Added to the growing list of similar sector, building & construction firms falling over in recent times
cant be good for the economy, suppliers, and any number of NZX firms servicing these sectors..
and then the toll on employees who may or may not have mortgaged homes, in times of
rising inflation, costs and interest on borrowings..
I've never made a trade in my life.
They were some examples of Oil and Gas purchases during 2020, irrelevant without the context of how one's net worth has tracked over a period of a minimum of 5 years and preferably over multiple cycles, 20 years plus.
You can easily make a 1 Million profit GOAL for a year, you can easily make any goal. Achieving it may be harder. Depends on the capital you're working with.
You should never be stressing about daily movements of your holdings, in fact you should not even know what they are day to day.
So you seem to be suggesting your record is as promoted in your signature, or at least your signature before you removed it. It had a list of about 5 ASX companies that had gone up between 1000 and 5000% from memory.
How come most Western central banks sold off all their gold? NZ has zip now. What happened to "saving for a rainy day?".
It's pissing down outside now.
Final sale has begun earnestly ..." No time for fear " is my theme ....but everyone can do their own risk assessments ....
It can get ugly but why it shud stay ugly is the bigger question to answer
I think its start of the end ...recession is already here ...so as per history markets will make final bottom soon ...yes Bull will keep finding reasons to think NZX will reach 0 soon ....rates peak is done ..... No bank will raise rates even if central banks try to do the impossible
Inflation started with crude over $ 120 and shud end with it below $ 60 !!
https://www.stuff.co.nz/business/money/300834842/why-most-recent-official-cash-rate-rise-didnt-send-home-loan-rates-soaring