A review of things you need to know before you go home on Tuesday; more retail interest rate cuts, employment confidence sinks, house price drop coming, swaps stable, NZD firm, & more

Has S&P Global Ratings ever predicted market failure in anything? And if it has, was it ever explicitly expressed?

I doubt it. These organizations exist to validate the status quo. Their views have little value to the common man.

Even the Herald had an article yesterday quoting ANZ economists' prediction of a 12% house price fall in NZ.
It won't take much to change the expectations from very positive to very "negative" now.
I put the word negative in quotation marks because I believe a house price fall of 10-20% would me most welcome for the majority of the population.

I don't know what you think but I think you can find a good property that can be a top money spinner. Today we signed an agreement for something I'm very happy about.

If it lasts a decade, it'll last forever.

We are at cusp-point in the Limits to Growth timeline, out of time.

As the lady on the first Espiner look-ahead (the second one is crap, the third passable) said; this is the only chance we have to get it right. Maybe we had 10 years, but there won't be the effort left for a re-boot after this 'heave', so this is it.

And I suspect that, by and large. we'll drop the ball.

Chinese Gold Miners Continue To Gobble Up Gold Companies/

But do you really see China willing to hold overseas assets in yuan? That'd be quite a shift..

Although.. imagine if the yuan relinked to a gold standard.. ha.

What an odd comment from someone far away? Not much communism here thanks..perhaps check your China data..and porn is available + cigarettes last time I looked - Covid 19 not so easy to find but yes banned if possible. Something to do with it killing people?

You must be a Fox News watcher!

Meanwhile, there are zero robust recovery plans other than a bunch of shovel-ready projects that will create 1200 new jobs.

I see many other countries pushing forward with programmes such as digital and research grants, local manufacturing, localising supply chains, etc. but our ministers would rather restore the tourism and hospitality sectors so that future generations can continue working in low-paid gigs, serving fries and drinks to foreign tourists and skilled migrants.

Cometonanny - please don't feel you need to return, even if it's just for a holiday.

Give it a few months - most of the world's economy will be totally wrecked - and we will be doing very well by comparison (as long as we can keep the virus out). By then I doubt you'll even be welcome as a vacationer.

The communist threat is real here. This is why it's critical to not vote for the National Party. Fortunately the National Party is not a part of the coalition so there typical economic mismanagement is not a risk unless they can form a Government after the election.

I think there is a high risk of the US falling to communism given the current socialist President handing out social welfare to the wealthy and the military with all that extra spending. Perhaps if the President wasn't so cozy with Russia and North Korea the US might have a chance of functioning. One day I dream that both democracy and capitalism will return to the US.

Far too gutless and hypocritical to ban cigarettes! Just keep milking them as a cash cow and pretending that the subsequent health care costs are a "who knew?" moment.

I'm starting to think TOP is the only moral vote for those smart enough to realise the bigger picture ..even if they don't hit threshold. I can't vote Nats for sake of my kids..

Will they allow full access to the internet for users X, or just party approved sites?

Xing - Is that axiom for global surveillance?

I thought prices already dropped around 8% at the previous report? ($680K - $620K)

So that's really more of an 18% drop all up? And for any FHB's that purchased at the start of the year/end of last year, its very close to negative equity if you had a 20% LVR.

But I thought you could predict everything - that's why you keep bring up previous posts to show how accurate you are at predicting stuff? Isn't that like having a crystal ball?

I trust you're going to edit a lot of your comments to include question marks then!

Not to worry. Normal trend is that if headline today is indicating house price drop, next day headline will be indicating otherwise. Goid cop Bad cop.

You should ask if David can create a filter that you can toogle that automatically hides any article or comment that contains mention of house price declines. That would fix things for you.

What is forsure is that we are a speck of dust that will crumble if the US gets much worse. The bad news is that infection rates are increasing hard and they haven't got the option of doing another LD. Yip, the safe money is on a good drop in house prices.

At this rate JA will not be getting sainthood, or even re-elected. Tonight's 3 news she was ranting that nz had some of the toughest standards in the "wooorld"... Is she Prime Minister or Propaganda Minister

Did the person have covid? No. Did they complete 2 weeks quarantine? Yes. Was testing required while they were in quarantine? No. You are too easily manipulated by the national party media spin, Kezza.