Investing in NZ business
Auckland, New Zealand
Joined February 2018
- Tweets527
- Following187
- Followers59
- Likes1.4K
A New (Zealand) Fund retweeted
The Monetary Policy Committee today agreed to maintain the Official Cash Rate at 5.50% to ensure annual consumer price inflation returns to the 1-3% target range, while supporting maximum sustainable employment. bit.ly/3qC8iEw
ALT Official Cash Rate remains at 5.5%
Eyes refocussing on China...
bloomberg.com/news/articles/…
Appalling 2faced guff from #National. @chrisluxonmp and @NicolaWillisMP should be ashamed.
i.stuff.co.nz/business/13243…
Surely sawmills closing would be on the agenda for a govt trying to increase house building volumes?
rnz.co.nz/news/business/4923…
I could be wrong but I believe diversity is an old old wooden ship used during the civil war era
#National how many first home buyers are in this crowd?
Squirrel mortgage brokers think OCR increases will mean people borrow less, which will hurt their business. Well, yes, that's the intention.
squirrel.co.nz/blogs/housing…
#AKLconversations building an economy from the city up - discussion. Where would you start?
This will be fine
Nothing to see here ...... 🤦♀️ @solo_dio_
The GFC is going to look like a Tea Party.
Armageddon ... incoming.
50bps!
The Monetary Policy Committee today increased the Official Cash Rate (OCR) by 50 basis points, from 4.75% to 5.25% to return inflation to the 1-3% target range over the medium term. bit.ly/3ZM6ZOS
ALT Official Cash Rate raised to 5.25%
Vodafone @One.nz is collaborating with @SpaceX to provide 100% mobile coverage across New Zealand
nzherald.co.nz/business/voda…
A New (Zealand) Fund retweeted
Moral of the story: don't overinflate assets, especially those that are basic necessities, to eye popping valuations
npr.org/2023/03/19/116334168…
This is insane.
Property investors are funded to the tune of $100b. An absolute disgrace and embarrassent to Australia and Australians.
That money could be used to support innovation, technology, agriculture, barrier reef, build homes, education, homlessness, mental health...
Revenue lost from negative gearing is forecast to rise as increasing interest rates force more property investors to record a rental loss. bit.ly/3xZm6Js
The amazing technology of @FormusLabs is addressing this issue laid bare by the @FinancialReview
formuslabs.com/
An ageing population and higher rates of obesity are just some of the factors driving increased demand for new joints. bit.ly/3IPEISt
Same here in NZ
This graph from the ABC on interest rates on savings accounts is brilliant.
Relative to the historical spread between the cash rate and savings interest rates, Aussies are being shafted out of billions of dollars a year.
abc.net.au/news/2023-02-22/w…
A New (Zealand) Fund retweeted
Inflation takes are getting ridiculous...currently reading a piece referencing "inflation ex-food, energy, goods, education, holidays & airfares" to justify why BoE might pause...basically, strip out everything you can until you get a figure that justifies your priors...
Just reading through these comments... the state of super-leveraged Australia sounds awful. APRA and RBA have snookered themselves and causing huge societal stress and anxiety. And for what purpose or gain!?
A New (Zealand) Fund retweeted
Bat or bowl first in Tauranga on Thursday?
#CycloneGabrielle