nice nice down day so far
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nice nice down day so far
Oh wow. Don't tell me the "Fed brrrrrrr" narrative gave way to that inconvenient, deadly pandemic the Yanks have had on ignore for the past month...
Shouldn't be too long before the market starts pricing in a Biden victory.
good points many businesses or even industries may not survive the pandemic period due to changing behaviour. As for the markets the disconnect between the two is entirely blamed on the fed and its money printing which has been going on since the GFC.
probably the main reason the markets are falling now is the feds balance sheet has stopped going up recently proving the point I made on this thread quite a while ago that the market is built on quicksand of money printing and the fed will have to print for ever now to stop the market crashing.
But at the end of the day the fed will never stop a crash due to your point on human behaviour when people lose faith in the money printing only making the rich richer and the poor poorer. need balance in life does everyone
What recession? Went to town yesterday...was pouring n bad weather.....but wa busy as!briscoes....mall were buzzing!!! Cars were packed....
Friend just sold their house in St Heliers over the weekend well above CV - early auction (brought 2 weeks forward) as a returning NZ family made a drop dead offer above reserve.
Still a severe shortage of well located homes for sale but plenty of apartments and terrace houses in the 'newer' areas according to the real estate agent.
Drive around Auckland's established areas and all the houses with 'For Sale' signs have 'Sold' plastered over them.
Read into it what you will but I believe we will not get a property crash - a correction, yes but not a crash.