Yes all a matter of trust with Fiat currencies ...Massive shift in Trade last 20yrs .. surely driving force behind shifts away from using USD for trade between many nations
https://twitter.com/AndreasSteno/sta...453109248?s=20
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Yes all a matter of trust with Fiat currencies ...Massive shift in Trade last 20yrs .. surely driving force behind shifts away from using USD for trade between many nations
https://twitter.com/AndreasSteno/sta...453109248?s=20
I'm not stressed I'm not selling everyone must make up their own minds I grew up in a house where the newspaper and TV news was the truth dust to dawn .. read read read ...watch listen ..trusted everyone like a good boy ..listened to my broker and he just made me broker ... listen to my Doc and he made me sicker ..listen to my boss and keeped working pay check to pay check told only way to keep food on the table ....I left school young straight to work at sea 3500days+ ... no Uni qualifications .....
But then I started to read and watch and study and follow others not always mainstream narrative .. and now in mid 40's I'm my own boss ...we own our own home no banks on title etc...
IMHO Twitter has been a great addition for my informational gathering you just don't get via MSM ... along with Youtube ...yes you get many opinions .. yes sometimes they are wrong ..and sometimes MSM is ...
RBNZ OCR announcement today
25 hike most assume the outlook statement be most interest
adding to the tougher outlook for nz economy from falling housing market and consumer spending downturn the other headwind starting to accelerate is the falling milk price and lower payout flowing to farmers going forward.
https://www.rnz.co.nz/news/business/...-than-forecast
Pity finance minister doesn't talk about the farce in 20-21 when Treasury made a massive bond issuance (one issue > $50b) that attracted little investor interest, thus, Treasury buying the majority - there's a money print if we ever saw one. The debt was issued at 1% and the govt (or rather us the tax payer) is paying the cost of selling those bonds now. The issue is the govt is selling those bonds at a yield > 4%. You can see where this is going: the selling price is discounted by the difference in rates multiplied by the number of years until maturity. If treasury bought, say, $30b of 10yr 1% bonds its sales loss is 3%, multiplied by say 8 years, thats almost a $3b loss. The finance minister has contractually agreed to put the cost of this loss on to the tax payer! The loss is real and our children will pay for it. Had the govt run a book build and discovered the price then it may have increased the offering and investment from the market may have occurred. We have a finance minister with no real financial market private experience and we are being robbed due to their incompetence
How about treasury mark to market with no shenanigans about not declaring real unrealised losses
massive hawkish rbnz move 50 pt up
orr wants to crush housing :scared: