Just read this news on Mish's blog. He seems to be worth paying attention to on global macro issues, though he has referenced some uninformed sources for Australian residential property on his posts before.
I think the key is not what will happen so much as how you are placed at the moment for change and how you react, being right is an easy thing, making money is more of a challenge.
Anyway.. interesting times on the horizon potentially, looks to me based on my guessing that we might well get some rate cuts, but at the cost of what is happening in other places with property prices.
Thoughts?
Worldwide Hard Landing is coming
New Zealand has joined the ranks of the US, UK, and EU in concerns over growth. In an unexpected move NZ cuts rates on fears of a drawn-out recession.
A worldwide recession is coming. China, India, Brazil, and third world economies simply cannot pick up the slack for the US, UK, EU, and now New Zealand
I think the key is not what will happen so much as how you are placed at the moment for change and how you react, being right is an easy thing, making money is more of a challenge.
Anyway.. interesting times on the horizon potentially, looks to me based on my guessing that we might well get some rate cuts, but at the cost of what is happening in other places with property prices.
Thoughts?
Worldwide Hard Landing is coming
New Zealand has joined the ranks of the US, UK, and EU in concerns over growth. In an unexpected move NZ cuts rates on fears of a drawn-out recession.
A worldwide recession is coming. China, India, Brazil, and third world economies simply cannot pick up the slack for the US, UK, EU, and now New Zealand