Black Monday

[Daytr]

good trade

Yeah, worked out well.
Was long silver & copper as well so a very good night indeed.

[bull....]

More needs to be done to offset the loss of millions of dollars in property and business investments to Australia caused by a growing exodus of wealthy Kiwis, says an industry expert

https://www.landlords.co.nz/article/...ross-the-ditch

[Daytr]

More needs to be done to offset the loss of millions of dollars in property and business investments to Australia caused by a growing exodus of wealthy Kiwis, says an industry expert

https://www.landlords.co.nz/article/...ross-the-ditch

A real estate agent wanting to prop up the market with foreign buyers. Nothing new there.
It's not going to solve anything, but what it will do is make easier for others to exit and make property more unaffordable for Kiwis.

What really is required is a capital gains tax to put investing on an even keel with income, so its more attractive to build a business and less incentive for NZs fixation with property.

It doesn't pay to work in NZ, it pays to invest.

[winner69]

https://www.nzherald.co.nz/business/...EVGXLKEWQQDDM/

NZ bank’s trading in government bonds sparked FMA complaint over market manipulation


Brilliant - the mostlly toothless old mutt gets sent in to sniff around some steam arising off a pile of Govt Bond mutters & whispers

Will it be a peppercorn token, the Court & Legal Costs & a 'Be a Good Bank' card issued .. assuming .. when finally they find a trolley with all wheels intact to push it into a Court in distant future ?

Wonder how much other digging and shuffling went on around the acres of Robbo's other growing pile
of Govt IOU's thrown out to fill his widening gap ?

ANZ in trouble in Oz for much the same ….maybe ANZ is the unnamed culprit in NZ

Wasn’t that John Key’s bank ….hmmmm

[Bjauck]

More needs to be done to offset the loss of millions of dollars in property and business investments to Australia caused by a growing exodus of wealthy Kiwis, says an industry expert

https://www.landlords.co.nz/article/...ross-the-ditch

NZ Residential RE is way overvalued for our economic wealth, but the loss of the business investment funds is not good news. These fleeing folk are not convinced that the new government will make the tough reforms to make business investment for economic growth per person a priority?

Ask not what you can do for your country. Go to Australia instead.

[Panda-NZ-]

Ask not what you can do for your country. Go to Australia instead.

Or become Australia on good terms before we become second world.

[nztx]

NZ Residential RE is way overvalued for our economic wealth, but the loss of the business investment funds is not good news. These fleeing folk are not convinced that the new government will make the tough reforms to make business investment for economic growth per person a priority?

Ask not what you can do for your country. Go to Australia instead.

One has to ask anyone with Capital to invest - "Is this where you could safely & securely put your business investment funds ? "

Or put it in the bank & let the bank carry the risk & can if wherever it gets lent out to from there falls over ..

I think the reports in the media, NZX of recent times, recessionary phases, closures, business failures, etc apparently with worst not all over yet may provide a few pointers on answers

[Panda-NZ-]

I think the reports in the media, NZX of recent times, recessionary phases, closures, business failures, etc apparently with worst not all over yet may provide a few pointers on answers

Things are grim if we take out all the population growth. per capita economic depression?

[nztx]

Things are grim if we take out all the population growth. per capita economic depression?

All the Covid Ca$h looks like it's been well & truly spent up by now .. the party is over .. now what ?

[Panda-NZ-]

The 20 bucks a week will apply from July 31. If you are lucky enough to get that and not 2 bucks/wk (most pensioners).