Global Dairy Trade prices down 8.5%in last nights auction
Thats not good
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Global Dairy Trade prices down 8.5%in last nights auction
Thats not good
Unemployment rate unchanged at 3.2 percent, annual wage inflation rises to 3 percent
https://www.newshub.co.nz/home/money...3-percent.html
i need more wage increases to keep up
nz 10 yr hitting new highs again today after those unemployment numbers.
geez even orr saying during a speech today global recession coming
What u looking for ...Higher rates ?? or Recession which means ...not much higher rates ? U cant get both ...
Already commodity prices like Dairy auctions showing signs of cooling ....so inflation may be controlled sooner then normal ...then recession worries will need rates coming down ...so we may have a very small cycle of hikes as markets have become very fast these days ...lol
All the things that caused NZ to be in recession in 2007/2008 are playing out at the moment
NZ was in recession before the GFC ..... we possibly are leading the way again and there will be a global recession
STAGFLATION coming
https://www.youtube.com/watch?v=eNLC9sYDuV4