Thankfully the Kiwi vs China Yuan has been rather stable (down just 2% over the last month), so wont really impact the bulk of importers goods - but of course will for those getting American priced goods.
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I think there is a long way to go for this bear market.
People everywhere are reconsidering their spending decisions as they need to pay more for things like food and mortgage. Fears of recession are real.
It’s looking messy out there. I feel for those that need the money and need to sell
Warren Buffett has never met anyone in his 80 years of experience who has been able to predict the level of the market tomorrow, next week, next month or even the next couple of years.
Warren Buffett has never met the Bull.
What have your last set of 5 or 6 macro and market predictions been like?
Lots of moving balls folks.
Obviously Bulls money is where his mouth is and he's got some BIGGG short positions on.
Otherwise he's full of Bull.
Always pays to have enough emergency money to cover a year of living expenses, im already extremely frugal and just become moreso in tough times but it doesn't affect my happiness as long as i can still do the simple things I enjoy. Bit different when you're already been through the extreme market fire with A2 which makes the current situation look like a teddy bears picnic by comparison.