at least, John Key knows, he is ax ex-trader :cool:
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at least, John Key knows, he is ax ex-trader :cool:
Snapiti - the housing market is a concern but the RB (finally) is looking to do something about it with some macro prudential tools. First up is higher capital requirements for LVR 80% loans.
I think he will continue to bring in new measures so that he can keep interest rates flat as otherwise the currency will go up.
So if we assume that his plan works (and since this is economics, we can assume anything) then I think NZ is looking to be in a very good position, provided global markets dont crumble.
yep, I saw many fear here, not greedy, then the index continues to climb
NZD/USD still increase to 0.85 level.
New Zealand recorded a trade surplus of 718 Million NZD in March of 2013.
Interesting, RBNZ does not have much room for currency intervene, OCR cannot be lower, otherwise burn property market. Higher OCR will drive NZD higher. The big guy who pushes up NZD is able to borrow hugely from Japan or US to against RBNZ in the market. It's a war!
RBNZ yesterday's action on currency market is a joke.
History is not on Graeme Wheelers' side...
quote Wikipedia...
"...On 11 June 2007 the Reserve Bank sold an unknown amount of New Zealand dollars in an attempt to drive down its value. This is the first intervention in the markets by the Bank since the float in 1985.
Two suspected interventions followed, but they were not as successful as the first: the first appeared to be initially effective, with the dollar dropping to approximately US$0.7490 from near US$0.7620. However, within little more than a month it had risen to new post-float highs, reaching US$0.8103 on 23 July 2007....."
I agree
However, not exactly high paying jobs: "About 30 people would be employed at the factory in high-end science or engineering jobs, taking home about $1.5m in wages a year, he said."
Works out at $50k. NOt sure if that is good in the provinces but would be insufficient in Auckland to keep you in the coffee scene.
Hi I am sure the answer to this question is back in this thread somewhere earlier this year, but can not find it. Where can I get a list in order of of NZX50, in particular the 45 - 50th which are next to be bumped next review. Thanks