not much of note probably was told not to take spotlight from ORR. I agree with him data and stats info in NZ is very poor to make judgements from.
HERE THE SPEECH
https://www.rbnz.govt.nz/-/media/pro...h-and-data.pdf
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not much of note probably was told not to take spotlight from ORR. I agree with him data and stats info in NZ is very poor to make judgements from.
HERE THE SPEECH
https://www.rbnz.govt.nz/-/media/pro...h-and-data.pdf
This article is from August but still relevant now especially in light of the Fed meeting and the under reported or discussed quantitative tightening or tapering cycle the Fed is now in.
https://www.ft.com/content/62451148-...6-7d78648889d6
High inflation will follow deflation. Bull market will follow bear market.
Currently, Real estate sector is more vulnerable than other sectors throughout the world and heavily indebted. I talked to few people from Asia to Canada. It’s a dream for having their first home. On top of that rent inflation has skyrocketed.
What would be end results for unsustainable asset prices?
Evergrande—once China’s largest real estate developer—was forced to liquidate on January 28th.
https://www.visualcapitalist.com/chi...oogle_vignette
I should put this on the 'investment strategies' thread, but I think it applies here.
You can't and won't achieve personal investing success and wealth, by worrying about everything going bad, or that might go bad in the world and everyone else's opinions of why, wherefore and whatever. If you could turn off the news forever, disconnect from all 'commentary' and opinions forever, and just study companies, maybe you will be a successful investor. Seriously, nobody should care or even consume, the opinions or the narratives of those who are paid or motivated to tell their or someone else story. It is just noise. Focus on what is important, study it, learn everything about it that affects it, invest or not and monitor that investment closely. Make your own decisions, without influence of anyone. Success will come, and it will be your own success.
FED has just reaffirmed the theme which market had already acted upon and will continue to push ahead in time . World over all markets follow FED eventually ...so we will also ...NZD coming back as US 10Y bounce peaked and now back below 4% ...simple theme ahead ...rates will drift down ...stocks will gain slowly ...pace can hasten in next 6 months but endgame is already confirmed ....2021-2024 part done ....2024 to 2027 part is simple reversal of last 3 years ...surely not linearly but trend wise . We wont get post pandemic kind of rush ...but more like pre pandemic levels or normalcy . I reckon 2024 most likely be 20% gains year for NZX as soon as market gets confidence with our RBNZ future actions ...like they have in US about FED
more central banks talking rate cuts
LONDON — Bank of England Governor Andrew Bailey on Thursday signaled that financial markets may be correct in their expectations for the future path of rate cuts.
Speaking to CNBC, Bailey said that he was “not going to commit” to a specific timeline for rate cuts, but added that he did not object to the market consensus.
https://www.cnbc.com/2024/02/01/bank...ate-hikes.html
except the RBNZ lol