What happened Thursday

Business / news

A review of things you need to know before you sign off on Thursday; building consents dive, business confidence stays low; bond offers successful, swaps up, NZD soft, & more

30th Mar 23, 3:59pm by David Chaston

Here are the key things you need to know before you leave work today (or if you already work from home, before you shutdown your laptop).

MORTGAGE RATE CHANGES
Bank of China raised fixed rates.

TERM DEPOSIT/SAVINGS RATE CHANGES
Squirrel Money's peer-to-peer rates have broadened to offer a wider range of real estate loan-backed opportunities for savers. And some backed by personal loans.

TOUGHER I
The construction industry looks headed for a major slowdown as the number of new residential building consents dives, down -29% from a year ago. It is the lowest February since 2018 and is down -9.5% from pre-pandemic levels. Rising interest rates and falling house prices make residential property development a tough zsector tro be in.

TOUGHER II
The RBNZ is proposing rules that would encourage banks to limit their exposure to lending where climate risks are elevated.

TOUGHER III
Business confidence is unchanged in February from January. It remains slightly positive for managers when they assess their own prospects, but remains very negative when they assess the prospects for the broader economy. The vast majority of businesses (86%) expect further cost increases over the year ahead. And although they report slightly lower inflation, it is still very high and the shift lower is small. Pressures are expected to be intense in a high-cost, low-growth environment.

TOOL FAILURE
Please note that our deposit calculator has stopped working. :( We hope to have the problem resolved sorted within a day. Sorry.

BIG FUNDING SUCCESS I
Christchurch City Holding's bond offer was a success, raising the full $150 mln in a 5 year, unsecured, unsubordinated, fixed rate bond placement. They will be paying 5.043% pa. (or $40.7 mln in interest over the life of the bond). Meanwhile Contact Energy's $300 mln 6 year 'green' bond will pay 5.62% it was announced today (or $101.2 mln in interest over the term).

BIG FUNDING SUCCESS II
Today's Government bond tender was very well supported. 110 bids worth $1.056 bln were made for the three tranches totalling $400 mln. The May 2028 went for 4.25% yield, down from 4.35% two weeks ago. The April 2033 tranche went for 4.20% and down from 4.35% two weeks ago. The May 2051 $50 mln tranche got 27 bids but only three won anything. It went for a yield of 4.42% and lower than the 4.60% two weeks ago.

JOB VACANCIES SLIP
Job vacancies in Australia are slipping although are still at a relatively high level. However, this is the first quarterly decline since August 2021, so perhaps this data is telling us something.

SWAP RATES RISE
Wholesale swap rates have probably risen again today and maybe by about +10 bps. However, the real action in swap rates comes near the close. Our chart will record the final positions. The 90 day bank bill rate is up another +3 bps at 5.22% and +47 bps above the current OCR. However markets are pricing in less than a +25 bps rise at the next RBNZ review on Wednesday, April 5, 2023. But both ANZ and Westpac are expecting another +25 bps hike taking the OCR to 5% and its highest since December 2008. The Australian 10 year bond yield is now at 3.35% and up +3 bps from yesterday. The China 10 year bond rate is little-changed at 2.87%. And the NZ Government 10 year bond rate is now at 4.23%, up another +9 bps and back to being above the earlier RBNZ fix at 4.17% and up +6 bps from yesterday. The UST 10 year yield is now at 3.58% and unchanged from this time yesterday.

EQUITIES MOSTLY RISE
The NZX50 has had a recovering day, currently up +0.9% near the end of trade. In Australia where the ASX200 is now up +1.0% in afternoon trade after a down start. Tokyo has opened its Thursday trade down -0.6%. Hong Kong is very little-changed in very early trade. Shanghai has opened up +0.3%. Earlier, Wall Street closed its Wednesday session with the S&P500 up +1.4% after holding high all day.

GOLD LOWER
In early Asian trade, gold is down -US$9 from this time yesterday, now at US$1959/oz.

NZD SOFTER
The Kiwi dollar has fallen -½c today, now at 62.1 USc. Against the Aussie we are soft too at 93.1 AUc. And against the euro we are down at 57.3 euro cents. That means the TWI-5 is now at 70.1 and down -40 bps.

BITCOIN HIGHER AGAIN
The bitcoin price has risen from this time yesterday, now at US$28,325 and up +3.3% in a day. Volatility has been moderate today at +/-2.4%.

Daily exchange rates

Select chart tabs

Source: RBNZ

Source: CoinDesk

Daily swap rates

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Source: NZFMA

This soil moisture chart is animated here.

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83 Comments

by Baywatch | 30th Mar 23, 4:17pm 1680146232

Were do you look at the BTC price..its currently $28,988 having broken $29K?

As they say..just wait 5 mins 🙂

by Albert2020 | 30th Mar 23, 4:09pm 1680145756

It probably was accurate at the time of print but we all know how volatile it is don't we...

by Pragmatist | 30th Mar 23, 4:12pm 1680145966

exactly that, bitcointicker.co says it is down 2.5% in 10m.

by J.C. | 30th Mar 23, 4:15pm 1680146143

It probably was accurate at the time of print but we all know how volatile it is don't we...

Yes. And it only spiked to USD29K and moved sharply back.

Anyway, up 72% year to date. And we're not even at the end of Q1. I'm still not convinced the bear mkt is over.

by Nzdan | 30th Mar 23, 4:34pm 1680147249

A son asks his dad for $10 worth of bitcoin.

Dad: What? $15.42? $39.51 is a lot of money! What do you even need $57 for anyway, son?

by chebbo | 30th Mar 23, 4:57pm 1680148639

"Fine, here's the $4.08 you asked for. Don't spend it all at once."

by lonewolfnz | 30th Mar 23, 5:23pm 1680150210

I still remember for a good year or two I was mocked for my cheeky buy at $13k. Offloaded most of it at $42k!

But back in with the crazy arbitrum / defi stuff and up 180% in 4 months.

by J.C. | 30th Mar 23, 5:57pm 1680152230

I still remember for a good year or two I was mocked for my cheeky buy at $13k. Offloaded most of it at $42k!

But back in with the crazy arbitrum / defi stuff and up 180% in 4 months.

Don't be too cocky Wolfie

by printer8 | 30th Mar 23, 6:58pm 1680155904

Wolfie has good reason to be cocky.

I was one of those who were skeptical of Wolfie when he was bullish at $11k. Also, his comments have been consistent with him offloading at $42k . . . following the basic rule of a gambler - bank your winnings when ahead.

However, I'm still not convinced that Bitcoin is a rational investment . . . maybe its that I'm conservative and I find one is more successful in investing if one is relying on sound reasoning rather than blind faith. I'm not disappointed at missing out on the riches from Bitcoin; at $60K I was being assured a couple of years ago by another poster who was a Bitcoin fanatic that it was "going to $100k by Christmas".

by HouseMouse | 30th Mar 23, 7:02pm 1680156172

I banked 5 years of great gains on shares in late 2021. Was that a good move?

Oh yeah, that’s right, nothing I do with money could possibly be good in your trolling eyes…

btw well done for making a comment on this website that isn’t trolling me.

by printer8 | 31st Mar 23, 12:59am 1680177552

Gee HouseMouse, your comment clearly illustrates that you really are desperate to have your ego massaged.

As to your predictions you have an extensive list of poor calls - OCR not to go over 2%, inflation done by end of 2022 are just two.

You are the TA of interest.co.

You are a great cherry picker - and even then having called you out over credibility I take your claims with a grain of salt.

by J.C. | 30th Mar 23, 7:20pm 1680157259

I was one of those who were skeptical of Wolfie when he was bullish at $11k. Also, his comments have been consistent with him offloading at $42k . . .

Well I bought ol' ratty at <USD5K and as high as USD52.9K. And never sold a Sat.

So who's the bad boy? To me it doesn't matter.

But Arbitrum / Defi is a different game to stacking Sats. And Wolfie is aware of that and aware that my tongue is firmly in cheek.

by powerdownkiwi | 30th Mar 23, 8:16pm 1680160611

It is all - repeat all - parasitic one someone else doing something real.

The problem is that there are now more of you lot doing nothing, compared to those doing something.

The inevitable result is your are all - in whatever form - holding too much proxy.

Much, much, much too much proxy.

I find it hilarious that you diss each other, as the ship sink beneath your feet.

by Foxglove. | 30th Mar 23, 8:31pm 1680161460

Taking the liberty to supplement the last line there. “The boy stood on the burning deck, his lips were all a quiver, he gave a cough, a leg fell off, and floated down the river.” Old Spike, in his wonderfully strange way, knew a thing or two about life and those that play games with it.

by powerdownkiwi | 30th Mar 23, 8:53pm 1680162799

As school parents, my better half and I, with two slightly stoned female accomplices, did a skit from Badjelly the Witch.

I was the tree what had been a policeman (yes, my acting was wooden...)

Well, we laughed a lot - but the audience seemed..... puzzled.

Spike was amazing; the best: "He stood to one side; he wasn't numerically equipped to stand to more".

by Foxglove. | 30th Mar 23, 9:05pm 1680163504

You have just prompted me. We are heading back to Sligo, eventually if long in the tooth long distance travel is achievable, next month. Another read of Puckoon, would be timely.

by powerdownkiwi | 30th Mar 23, 9:50pm 1680166226

https://www.flashlyrics.com/lyrics/the-irish-rovers/bare-legged-joe-23

by Pa1nter | 30th Mar 23, 8:58pm 1680163112

The problem is that there are now more of you lot doing nothing, compared to those doing something.

Imagine thinking you could get rich just by holding onto a new kind of money.

Some people will do really well, but history shows most people losing in such a scenario. 10 years ago it was people thinking they'd get rich when the Iraqi dinar re-decimalised.

But no, this is a new kind of money. A better kind of money. But you don't spend it, you put it on a USB key and hide it in a safe place, other people later on will spend it instead. Then, ye shall be rich, rich beyond your wildest dreams!

by J.C. | 30th Mar 23, 9:07pm 1680163664

It is all - repeat all - parasitic one someone else doing something real.

Like building an Ark and gathering animals? I appreciate what you say Power but technology isn't necessarily bad, even if it is applied to money. And yes, I think living like the Amish people is admirable.

by Pa1nter | 30th Mar 23, 9:15pm 1680164109

I think it's more the assumption of the value ones time is generating.

Put it this way:

- An egg is a dollar. I know roughly what goes into making just one egg.

- Minimum wage is apparently good enough to buy roughly 23 of those in one hour. With some extra eggs in case you're sick, and a few more if you want a break or have your own chicks, etc.

So try producing 160 eggs a day. PDKs assumption is many digital jobs produce something of far less actual value, yet cost much more.

by powerdownkiwi | 30th Mar 23, 9:48pm 1680166089

They are OK as long as they trade digital for digital, or keystroke them into existence. Even something as intangible as a massage can be traced to the tangible breakfast of the masseur.

The problem comes when they want to cash in for something real: eggs, a car, a house.... Then the real supply is the choker.

And eggs is a good analogy, given the empty shelves. Doesn't matter how much you offer, when the shelves are empty. My approach (12 chooks 2 roosters in 2 flocks) gives us real eggs.

by Pa1nter | 30th Mar 23, 9:53pm 1680166395

Yeah I think there's a couple of things going on:

- software is immensely scalable, so a small few can make a lot by a huge volume of transactions at low distribution and production cost. This can buy many things in the real world.

- there's a digital "economy" that as you say holds value within itself, that may not have anywhere near the conversion rate people think, because the scarcity is only code.

by Rob Reid | 30th Mar 23, 9:42pm 1680165748

I have 3 weeks rent worth of Satoshi stacked away, and the way it's going I'll have a whole month of that kind of financial security by mid-year. Please let me cling to this one last dream.

by IT GUY | 30th Mar 23, 4:06pm 1680145615

Today FM. It’s no surprise, the production quality outside breakfast show was appalling

by Baywatch | 30th Mar 23, 4:18pm 1680146320

Don't even know why its news...does anyone care?

by bw | 30th Mar 23, 4:24pm 1680146689

I wonder if O'Brien will have a Restraint of Trade in her contract this time if she has a severance payment? (as she did last time, ignored it and lost the ensuing court case)

by Foxglove. | 30th Mar 23, 4:32pm 1680147176

Well she certainly ain’t got a restraint of mouth clamped on her.

by HouseMouse | 30th Mar 23, 4:41pm 1680147719

All I know is that she was giving me the eye a bit in a bar last year.

by Foxglove. | 30th Mar 23, 4:50pm 1680148215

Had you had a few? More likely it was Minnie Mouse?

by HouseMouse | 30th Mar 23, 5:29pm 1680150596

Hahaha

yes maybe I was just drunkenly imagining it

by kiwichas | 30th Mar 23, 5:39pm 1680151146

Shoulda gone to specsavers

by HW2 | 30th Mar 23, 7:02pm 1680156161

Yeah sure Harry

by Waikatohome | 30th Mar 23, 4:55pm 1680148500

I enjoyed Today FM. Hosking is entertaining but openly biased, RNZ is too worthy and dull. Today FM seemed to be independent of political bias. It is a sad loss.

by Justa comment | 30th Mar 23, 5:00pm 1680148814

Yes I listened to Today at times on the 4 to 7 with Lloyd burr, was good 'middle of the road' with quite a good business hour.

by J.C. | 30th Mar 23, 4:06pm 1680145616

Squirrel Money's peer-to-peer rates have broadened to offer a wider range of real estate loan-backed opportunities for savers.

Thanks but no thanks.

What's stopping Squirrel Bolton rehypthecating these loans? (just joking)

by Justa comment | 30th Mar 23, 5:02pm 1680148945

Im glad I dont have any 2nd tier "real estate loan-backed opportunities" given out in 2020 and 2021..............2nd tier "personal loans' are even less appealling.

by J.C. | 30th Mar 23, 5:04pm 1680149043

Im glad I dont have any 2nd tier "real estate loan-backed opportunities" given out in 2020 and 2021..............2nd tier "personal loans' are even less appealling

Best suited to when the bubble is in its ascendancy

by huttman | 30th Mar 23, 4:16pm 1680146194

Please note that our deposit calculator has stopped working. :( We hope to have the problem resolved sorted within a day. Sorry.

It seems all your calculators are down.

by Whatwillhappen | 30th Mar 23, 5:15pm 1680149738

The mortgage one was yesterday just when I was about to demonstrate how good it was.

by Rob Reid | 30th Mar 23, 9:45pm 1680165927

Best way to bring down software - plan a demo

by treadlightly | 30th Mar 23, 4:58pm 1680148687

Big funding success ll,

except that bond issuance has nothing to do with funding the government it only drains reserves from the banks which were put there by the governments spending in the first place.

No sensible financial institution would ever lend its own money to a government which runs consistent budget deficits and with no hope of repayment let alone making the interest payments, but of course that is not a problem for our government as it issues all of the currency that it spends itself.

Borrowing is purely an accounting structure and a monetary procedure. Mainstream economics lacks so much in commonsense and logic.

by Yvil | 30th Mar 23, 5:08pm 1680149317

FYI

https://www.trademe.co.nz/c/property/news/property-prices-plummet-by-88…

by IT GUY | 30th Mar 23, 6:23pm 1680153787

Level 12... next stop level 11 going down....

by HouseMouse | 30th Mar 23, 5:27pm 1680150474

3 townhouses in the development I live in have been put on the market over the last week. Only one has been sold prior to this, last year (the development is about 3.5 years old)

I am on the Residents Association committee and the word is one person is going overseas but the other two households are suffering almost unbearable mortgage stress.

So sad, thanks to this country’s property obsession and the mammoth hype machine that people have got in to these situations.

I am sure this is the tip of the iceberg.

by HouseMouse | 30th Mar 23, 5:32pm 1680150742

I think the brown material is really starting to hit the fan

by Foxglove. | 30th Mar 23, 6:05pm 1680152711

Speaking of fans our government every day resembles more and more, a house of cards. Should have known better, and kept the fan unplugged then.

by JimboJones | 30th Mar 23, 6:38pm 1680154731

Anecdotally there are almost no for sale signs near us. I’m not convinced the fan is that stinky yet.

by HouseMouse | 30th Mar 23, 6:50pm 1680155431

Out of interest, what do you do for a living? You generally seem quite disconnected from the real world. You mentioned taking the train a couple of months ago like it was a novelty, and from what you have said before you don’t go to the supermarket much.

by Pa1nter | 30th Mar 23, 9:05pm 1680163526

Houses are coming off the market, because they're not selling, because a huge amount of the RBNZs actions are about influencing sentiment, what the actual OCR changes do in the short term has minimal consequence. But their message for 6-9 months has been bad, bad and some more bad.

Even you are surprised how long this is taking. There's still some pain to come though for sure, and some areas will be more distressed than others.

by HSL | 31st Mar 23, 6:37am 1680197837

I’m seeing more come on the market everyday, just a couple years ago houses around here were selling at the open home……I shit you not. One renovation down the road has now been on the market for a while, taken off then back on. Really nicely done but the govt have put shit kickers in nearby. I guess as long as there are no job losses things will be ok but I do worry for young families who have been thrown under the bus by the RB and govt.

by powerdownkiwi | 30th Mar 23, 5:34pm 1680150895

Don't worry, Profile will help you there.

by nzphoenix | 30th Mar 23, 7:16pm 1680156969

A few anecdotes floating about with this sentiment. Give it 3 months before the Herald is writing about the crash and publishing sob stories like the vultures they are.

Bottom out this Summer?

by Justa comment | 30th Mar 23, 7:30pm 1680157833

yes some of these 700k townhouses on 150m2 land look like 400k if you ask me. I wouldnt touch them with a bargepole at 700k.

by Rob Reid | 30th Mar 23, 9:58pm 1680166706

Yeah, they would have to drop another 2/3 to entice me out of my rental. Needless to say I won't be joining the herd.

For some reason reminds me of an old guy who gave me a lift in Scotland in 1988. He had been in the British Expeditionary Force that got it's ass kicked, along with the French, in 1939. He said he found himself running along the beach towards the evac boats while Stukas made their runs. He noticed that most of the fleeing troops were clumped together running along the base of the cliffs to try and get a bit of cover, so he just ran on his own in full view along the water line. Apparently he was not worth shooting. Sometimes avoiding the herd is the way to go.

by Rob Reid | 30th Mar 23, 10:00pm 1680166830

Just remembered something else on that - he said only 10% of his unit got out.

by powerdownkiwi | 30th Mar 23, 10:12pm 1680167534

Sounds like a crypto withdrawal

by HSL | 31st Mar 23, 6:40am 1680198023

Apparently a natural tendency to bunch together for safety. I’ve read many books that mention exactly this, and it’s led to the deaths of many soldiers. That’s a pretty cool story to hear first hand.

by blobbles | 30th Mar 23, 5:31pm 1680150704

Big funding success III

Halter secures $85m in VC funding. This is huge for the company and could be massive for the country, if only we worked with them in a mass roll out. Halter is a great product and can significantly improve on farm productivity, often up to 40% for dairy farmers. Once setup, rids the need for fencing (except boundary), raceways, dogs, early morning manual herding... improves livestock management (lame/heat detection) as well as various other bonuses.

I don't work for the company or anything, but can see a huge benefit for the primary sector by switching to something like this.

by lonewolfnz | 30th Mar 23, 5:33pm 1680150837

I love binance listings. I have a fair amount of money in a coin called Radiant Capital (its a defi thing). Up over 1000% on my buy and today there was a binance listing and it instantly jumped 30%!

by J.C. | 30th Mar 23, 6:01pm 1680152506

I love binance listings. I have a fair amount of money in a coin called Radiant Capital (its a defi thing). Up over 1000% on my buy and today there was a binance listing and it instantly jumped 30%!

I consider myself somewhat an OG Wolfie but this is really where the good opportunities are. But if I'm going into the defi space properly, it's got to be a full-time gig. Tempting. If I were a normie, I'd be tempted to straight into defi, depending on one's ability to understand the space quickly.

by Snow | 30th Mar 23, 6:41pm 1680154872

Where do you guys trade through exchange wise as far as putting money in and taking out? When selling at times do you trade to a stable coin or cash out completely? I’ve only dabbled in a small bit through Coinbase and a wallet for NFTs to see how that side works.

by lonewolfnz | 30th Mar 23, 6:54pm 1680155690

Hey there - Easy Crypto. I buy USDT (tether) and transfer to binance, then I buy and withdraw instantly. 95% of my activity is done on a decentralized exchange - uniswap, balancer, curve etc.

When I cashed out this last year I sold all into a mix of difference stable coins, then I would sell a chunk of USDT to Easy Crypto each day.

Funny enough the bank didn't seem to mind

by Snow | 30th Mar 23, 7:14pm 1680156874

Thanks for the reply. 👍

by J.C. | 30th Mar 23, 7:26pm 1680157605

I have corporate trading account in Japan where I can switch from crypto into JPY and is 100% guaranteed. Because that particular exchange doesn't have USD stablecoins, I sometimes use Independent Reserve in Australia. Send XRP from Japan (or from my cold wallet) and buy USDC or PMGT (gold).

But considering I'm a long-term HODLer, most of this stuff is irrelevant to me. I can keep BTC in cold storage and sleep easy.

by Pa1nter | 30th Mar 23, 9:07pm 1680163624

I just have a regular bank account and devote more energy into making actual income.

This sounds like a hobby.

by lonewolfnz | 30th Mar 23, 10:36pm 1680169002

I also have a rather large bank account with interest

I treat crypto as a fun hobby now - just a bit here and there. This fun hobby has earned me vastly more than I earn in an entire year in just 5 months.

But try telling that to the IRD haha

by Pa1nter | 30th Mar 23, 10:44pm 1680169470

It's a hobby because it's not an easily replicable income generator for most people.

Otherwise why would you bother working, that'd be your job.

by Advisor | 30th Mar 23, 5:37pm 1680151057

The Aussie media is raising the red flag on fuel prices not coming down fast enough from its recent highs.

Something doesn't add up with global crude prices down compared to last year and Singapore (and Malaysia) mixing more discounted Russian crude in their refining inputs. Same thing at play with NZ prices I suppose.

by HouseMouse | 30th Mar 23, 6:00pm 1680152410

Yes I have wondered about that but refrained from saying anything as I don’t have much knowledge of fuel prices. But it seemed weird that the price at the pump didn’t come down much when the international price of oil had dropped significantly and the NZD had firmed.

by nzphoenix | 30th Mar 23, 7:18pm 1680157086

I theorise that the importers purchased at a higher price and so the cheaper prices won’t flow through to the pump until their more recent imports have settled at the lower prices… but then again, they could just be greedy price gougers!

by Advisor | 30th Mar 23, 9:34pm 1680165247

The bigger players follow a complex pricing methodology to confuse regulators investigating for price gouging. This is from a mate who worked at Z as a pricing analyst for a few months and left because the work wasn’t anything close to what was sold on the JD.

The smaller players simply have to sell a few cents lower than whatever BP and Z put on offer.

by Pa1nter | 30th Mar 23, 9:44pm 1680165865

Who'd have thought working for a petrol company wasn't sunshine and lollipops.

by Noncents | 30th Mar 23, 6:25pm 1680153923

Fixed line charges up 55% according to my electricity retailer this year. Biggest single rise I have ever seen.

Good to see RBNZ all over inflation.

by HouseMouse | 30th Mar 23, 6:33pm 1680154382

OCR can do jack about that

by Noncents | 30th Mar 23, 8:11pm 1680160283

But that's not what the economists tell me...

OCR Controls inflation - that is the way.

by JimboJones | 30th Mar 23, 6:42pm 1680154943

It’s only inflationary for some, low users are no longer being subsidised by heavy users. It made almost no difference to us as we were only just in the low user category.

by Firstclass | 30th Mar 23, 7:24pm 1680157497

"TOOL FAILURE

Please note that our deposit calculator has stopped working. :( We hope to have the problem resolved sorted within a day. Sorry."

Just FYI I also had issues with your Mortgage Calculator the other day; I used it in the past without issues.

by HouseMouse | 30th Mar 23, 7:30pm 1680157800

Ok this is blunt, but this website needs to sharpen up big time. Including dealing with the perennial trolls who really piss me off. The tolerance of the trolls is the main thing holding me back on subscribing.

by powerdownkiwi | 30th Mar 23, 8:19pm 1680160762

Funny, but I emailed them with just that suggestion, not 24 hours ago

by Pa1nter | 30th Mar 23, 9:09pm 1680163742

If no one's paying subscriptions

Whats motivating anyone to moderate the place.

by Pragmatist | 30th Mar 23, 10:36pm 1680169009

Allow subscribers to put people on a squelch list, so each subscriber simply doesn't see their posts or any replies to their posts unless you un-squelch the page. And maybe add a counter next to the number of comments to tell how many have been squelched.

Add that and I'll sign up.

by Pa1nter | 30th Mar 23, 10:48pm 1680169734

Hah, pay to not read about 75% of the same circular arguments.

"Watch me waste 4hrs a day, every day, complaining about how employers aren't making more productive jobs!"

by agnostium | 30th Mar 23, 10:45pm 1680169527

You practically live on here, can't believe you don't subscribe already.