Meta launches Instagram Threads in a direct challenge to Sharetrader
https://www.cnbc.com/2023/07/05/meta...g-twitter.html
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Meta launches Instagram Threads in a direct challenge to Sharetrader
https://www.cnbc.com/2023/07/05/meta...g-twitter.html
ASB has lifted a number of fixed-term mortgage rates, including the key one-year rate past 7%
https://www.1news.co.nz/2023/07/03/m...e-rate-past-7/
see the 10 yr almost at all time high this cycle taday ...... more rate rises ahead ?
New Zealand households are getting poorer as high interest rates cut the value of their properties and other investments.
Statistics NZ’s March data, released Thursday, showed household net worth had fallen for a fifth consecutive quarter, driven by a 2.6% drop in owner-occupied property values.
A $42.7 billion (or 1.9%) decline in household net worth during the first three months of 2023 brought the annual decline to $175 billion, or 7.3%.
https://www.interest.co.nz/personal-...cline-pandemic
maybe they should invest in kingfish ?
If everyone else is raising why would we not? RBNZ over 25 years average is 6.9% and over a longer time probably higher. I remember people quoting 9% as average pre 2008
Great post mate.
Yes rates are the prime driver and the simple ability to be able to predict them will allow you to time the market.
All you need to do is follow what ASB say and you will have unlocked the key to being able to predict the market.
I mean just look what they were saying in 2015,2016,17,18,19,20,21,22 and 6 Months ago.
The look what BNZ said and Tony Alexandra, Westpac...
The list goes on.
Just listen to what the bank says is going to happen and buy and sell accordingly.
Unreal people are so dumb not to just follow this simple method to riches.
Within one quarter it's almost certain the path for rates is down.
Good on you Sport, keep it up.
" Lenders charged Kiwis $3.8 billion in home loan interest during the first quarter of this year, according to figures from the Reserve Bank.
The interest charged is the highest recorded since the Reserve Bank began collecting the data in 2014."
This is when only minority refixed on higher rates so far ...next 2 quarters shud create newer records ...shows how higher absolute mortgage values due to higher buying prices makes even moderate hikes work harder then before ....
Unlike u many like me look at longer term picture and position accordingly ....Already record interest payments going from mortgage holders's pockets ...it will further accelerate ahead on its own when more mortgages gets re fixed at much higher rates ...RBNZ will have a very high threshold to raise rates ...bonds will seesaw on daily basis ...but US markets shud be more worried sitting so close to all time high ...NZX is and will be more steady ...IMO