Black Monday

[Panda-NZ-]

Nasdaq just keeps riding the AI and low interest rate wave.

[moka]

You realise we have a national-act govt in. It's going to be poorly enforced if we're lucky.
The real issue is with the Jobseekers.

Yes, the current government is tough on crime, easy on corporate regulation.

In contrast to the tough stance on individual criminals, the approach to corporate crime often appears more lenient.
This disparity between individual and corporate crime approaches reveals a significant disconnect in the criminal justice system:

1. While individuals face harsh sentences, corporations often escape serious consequences for their crimes.
2. The focus on being "tough on crime" for individuals contrasts sharply with the more lenient approach to corporate wrongdoing.

While "tough on crime" policies remain politically popular, they often fail to address the root causes of crime or effectively deter corporate wrongdoing.
The current system often allows corporations to settle cases without admitting guilt or implementing meaningful reforms.

[Toddy]

The relief that the tightening cycle is more than likely over gives us as a country some hope as we there will be less hurt through the second half of the year.

Im personally looking forward to
1. A softening NZ dollar which will benefit the farming exports and the NZ listed exporters.
2. Lower interest rates that will reduce my cost of debt and NZ Companies balance sheets.
3. Maybe a stop in the decline of property prices that will make the NZ home owner feel less vulnerable.

Just a few highlights. I understand the risks, but want to concentrate on the positives.

[alokdhir]

Luxon told Aussies NZ are having 3 more OCR cuts before Christmas

Well said that man

3 cuts in two meetings ?? Whats on his mind or whats he ON ??

[Lego_Man]

3 cuts in two meetings ?? Whats on his mind or whats he ON ??

It means there will be 25bps cut in October and 50bps cut in November (likely due to the long summer break). Cuts are generally defined singularly as a quarter of a %.