Kiwi dollar falls below 80 USc for the first time since Sept 2012, commodities hit hard

I wonder if this is it....ie the run like 1929 is starting....I guess the only way to know is when we look back in the rear mirror........maybe 6months from now

regards

We may wish to observe a minute's silence in memory of those unhedged foreign owners of New Zealand government debt

Let's hope, unlike the forex traders, they don't lose their nerve and sell to the buyers of last resort - NZ fund managers, thus crowding out the investment dollars that otherwise would be available for other asset classes.

Now if Mr Wheeler had any real intentions regards the housing bubble...he would raise the ocr this weekend and take advantage of the Kiwi$ drop...don't hold your breath because the banks will tell him what to do.

Listen to the chatter

steven you just might be right this time - yesterday it gathered speed

The SPI200 (future) (ASX24) follows the underlying ASX200 physical index. After 4:00 pm AEST it follows the Iress synthetic XJO.DFS calculation during the closing cspa which occurs at 4:10 pm. Everything was orderly and under control until the final match out at 4:10 pm. ASX200 fell 18 points in the final print. Then the rout started. The SPI200 fell 50 points in 30 seconds. One single large institution must have dumped a lot of stock in the final seconds just before the match-out. Couldn't have been more than one institution unless it was by arrangement. 7 Hours before NY opened. (have never seen that savagery before)



Overnight NY fell 209 points on a range of 277 points



insider trading instruction manual

US and SEC regulatory controls on insider trading, in the US, do not apply in Australia. Most large trading houses in Australia are branches of major US trading houses. Australian regulatory controls on insider trading do not apply to futures trading. At all. See regulatory insider trading controls in the Australian market



Regulatory conditions are conducive to the following. The Australian Futures market tracks NY overnight (Australian time). During the opening session the following day (Australian time) the ASX200 will react to any overnight moves in the Dow and catch up with the SPI200 (ASX 24).



Knowing the AU market tracks the US market, instruments outside the jurisdiction of the SEC are very attractive to the US Westcoasters. If a major US institution is aware of an event that could have an affect on the DOW, which cannot be taken advantage of in the US, it is possible to take positions in the Australian Futures market, one day, and exit the following day, on the open.

Unlike Norman Parker and Ganesh Banana say, we did not have to print money to get from 0.84 to 0.79 vs US, just goes to show what economic numpties these clowns are.
Just ask youself, is NZ better off with English or Norman Parker as finance minister? If you say NP them you are absolute idiots.