Hey alokdhir ….Kiwibank man says we can now expect EIGHT 25 basis points cuts in a row
That’s good eh?
Almost all think so, but will it happen ?? U tell me ? U saw what it did to stocks yesterday ...so must be good ...saving rates are going down so more money will flow to income stocks ...think KFL ...lol ...It's high time KFL starts closing discount gap !!!
PS : I remember u and me were in sync that NZX50 can do well this year ...we expected +20% year...7.2 % done rest to go in next 4 months ??
Orr CUT also and provided very dovish MPS ...basically new MPS is in full sync with current market ...fingers crossed it works out
Run away NZD may have also weighed in to actually CUT ...based on rates expectations NZD started going out of hand after last labour data ...he surely didnt want to hurt exporters too !!
I think we're overdue for another pandemic. Some serious lockdowns wage subsidies and money printing would be a real breath of fresh air right now.
I wonder about the feasability of that.
Though if doomer predictions about AI are correct.. then job loss will cause deflation -> reserve banks print money indefinately to keep inflation in the target range.
Though if doomer predictions about AI are correct.. then job loss will cause deflation -> reserve banks print money indefinately to keep inflation in the target range.
When I was at school I'm the 1980s they said our biggest problem was going to be what to do with all our leisure time. Computers were going to do all the work. Hows that been working out?
I bet AI eventually opens new doors and opportunities.
Originally Posted by mike2020
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