Markets are hitting all time high after the UK election. Pound is in bullish mood too. There's always a bull market somewhere.
https://www.reuters.com/world/uk/pou...on-2024-07-04/
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Markets are hitting all time high after the UK election. Pound is in bullish mood too. There's always a bull market somewhere.
https://www.reuters.com/world/uk/pou...on-2024-07-04/
Look at Government debt around the world.
It has exploded particularly in the US in the last 20 years. NZ comparative to our OECD peers isn't too bad.
There is a reason why Japan has had ultra low interest rates for decades, their Government can't afford otherwise, the US are heading the same way.
Highly unlikely unless there's a market crash. One is due but cannot predict when it will happen. History will repeat in a different manner.
Remember The 2008 crash and Black Monday 1987?
https://www.history.com/news/2008-fi...-crisis-causes
https://www.reuters.com/world/uk/pou...on-2024-07-04/
British assets gain, mid-cap stocks lead after Labour election win
https://www.ft.com/content/d77efd31-...c-0c0eda59bb2a
Frontier emerging markets stocks soar as investors cheer reforms
Datyr re CGT.Are you saying that countries with CGT havent experienced a rapid rise in residential house prices ?.
Not as rapid as NZ I would suggest.
A CGT is just one factor of course, rampant unsustainable immigration is probably a bigger factor.
At least with a CGT perhaps more infrastructure could be funded to support the building of more houses. Anyhoo, enough of the politics.
Ireland and Spanish property bubbles.. how many similarities are there with NZ?
I don’t know about Spain but there are lots of differences from Ireland. Ireland had multinationals basing themselves there and fast GDP growth. It had joined the Euro and the European Central Bank had lower interest rates than Ireland would otherwise have had. So low interest rates were leveraged on top of rapidly burgeoning GDP growth and incomes. German Banks had also lent large amounts of money to the Celtic Tiger. Irish property was well-inflated.