A review of things you need to know before you go home on Friday: Fitch likes NZ prospects, Auckland housing completion slow, carbon price up, ATM turns corner? gold drops, swaps firm, NZD weak, & more

Yeah then all the third world countries and the corrupt countries all at once, then a sudden stop. Still when it gets banned in all the first world countries I guess the upside is you can move to somewhere like El Salvador and try and live like a king with your Bitcoin.

I knew I should've stockpiled on Copper :(

Told you'll last year to buy copper. :)

China is releasing some base-metal-stockpiles so I wouldn't jump in right this second, unless you're dollar-cost-averaging. That's my opinion anyway.

can confirm there is a shortage of cable, as well as a copper price increase. Wholesaler is saying, there is x number of metres available, will hold it for you till the end of the week , rather than the usual 30 day quote. i expect that will change to the cables here, take it or might be gone tomorrow, unless supply improves.

Maybe 7.3 percent, otherwise sometimes dreaming. Given its one of the most shorted Australasian shares maybe Mr Chaston is trying to do a Gamestop.

Wish they were.

Maybe, but I think Xi for internal political reasons is being pressured to cool his jets.

See how RE Agents address Tony Alexander as independent economist - them highlighting independent economy suggests, he is anything but independent :)

Email from RE Agent to all on their mailing list advising on Bridge finance - borrow more :

What are Bridging Loans and how do they work? 

Bridging loans, as the name suggests, is a loan which bridges the gap between two home loans. If you currently already own a home and have a home loan, but are looking to sell and buy another home with a loan, then a bridging loan comes into play between the two properties.

 
Bridging home loans are a good way to buy a new property before the sale of your existing home, and are very common now due to the lack of housing stock and the fear of missing out on a dream home. Many people want to purchase a new home, before they have sold their current one to ensure they have a property to move into.

Bridging loans are most commonly used to finance the purchase of a new property while your current property is being sold, but can also provide finance to build a new home while you live in your current home.

The lender you choose takes security over both properties and lends against these properties until the sale and purchase process on both is completed. During a bridging loan period, your home loan will generally be charged as an interest-only loan.

While in the past these have been fairly straight forward, things have changed slightly with the LVR and investor rules which have been put into place.

There are two types of bridging loans, a closed-bridge and an open-bridge. A closed-bridge is where the settlement date for your current home and newly purchased home are both in place. Both dates are set in stone, so for the bank this is very low risk as they know how long the loan will be in place for.

An open-bridge is where you have the settlement date of your newly purchased home, and have the intent to sell your current home, but have no settlement date. Obviously this is a much higher risk to the bank, as there is always the risk that the current home may not sell or may sell for less than expected if the market changes.

In the past, houses could have been rented out to cover this loan, however with the new rules in place, doing so could mean the bank breaches its LVR restrictions, which would come with heavy penalties. Not being truthful to your bank about your intentions could also land you in hot water too, so this one can be a bit trickier to navigate.

Before taking out bridging finance, it’s a good idea to know what the lowest amount you could sell your current house for, and ensure that you won’t be too stretched financially, should you end up with two homes for a while. Extended settlement dates are also an idea, giving you a longer time to sell your current property.

Lenders have a huge range to choose from, each with their own criteria and rates and we can place you with the one that suits you best. Most bank lenders don’t like to go above 80% LVR on properties, and while most people need to borrow 100% on their new property, this means you will likely need at least 40% equity in your current home, however we have a range of non-bank lenders that don’t need to abide by these LVR rules.

Tony Alexander June Report

Tony Alexander, is an independent economist. An interesting read, Tony's aim is to help Kiwis make better decisions for their businesses, investments, home purchases and people by writing about the economy in an easy to understand matter. Link attached for your reading.

http://www.tonyalexander.nz/resources/Tony's%20View%2010%20June%202021…

Look who is talking and if this gentleman is worried....it is real serious

Seems like he's in either of two characters: smarmy to the point of punchable or complete drama queen.

I'm reminded of this recent reference to toilet paper

Tony's just looking for click bait titles before repeating the same ol' speal

funny what adding half a million immigrants to Akld over 10 years will do....

The narrative is that there are more droughts, more flooding and that there are more violent storms as well. Huh? I haven't been out windsurfing in 40 knot winds in Ak since....can't remember, years ago.
I put the low water levels down to govt imprudence in immigration plus of course council incompetence.

I've never seen the Waikato river as low as it is at this time of the year. Usually the river paths are shut due to flooding.

Can someone explain. If the ice caps are melting, oceans rising, shouldnt there be more water? Hoping some weather expert reading this can explain...