some people saying the unwind of the yen carry trade is a negative for US stocks at the moment as well
Yeah not sure about that, sounds like people looking for a reason. I would suggest it's purely about earnings & the heat coming out of AI.
I see it as a correction, but is it a 10% correction or 20%? Time will tell.
04-08-2024, 01:59 PM
Panda-NZ-
Quote:
Originally Posted by stoploss
Its better for the taxpayer if they are issued at a lower rate , less interet to pay on them !!!!!!
Also who buys them? The RBNZ ie the govt owes itself or America/China/japan.
04-08-2024, 03:30 PM
stoploss
Quote:
Originally Posted by Panda-NZ-
Also who buys them? The RBNZ ie the govt owes itself or America/China/japan.
The later ,if it was the RBNZ it would be the money go round again and that cost us circa $ 10 billion last time .Govt still recapitalising RBNZ at something like $ 250 million a month for that. Not sure the RBNZ Governor wants to repeat that dose .......