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NZ Employment Continues To Deteriorate
A release of New Zealand's unemployment information is an interesting experience in reconciling medium-term price action, the general market view and what we are saying in reality.
On a seasonally adjusted basis, we are seeing a 20% increase in unemployment QoQ (the 6th straight quarter of job losses). Curiously, in this case it has been a loss of female vs. male jobs at a clip of roughly 2:1. While New Zealand is still not as bad as the US at 6% overall unemployment, the number is sobering when we look at the kiwi's ~35% appreciation against the dollar. To be sure, some of it is a result of the relative strength of the kiwi (especially after the steep decline from mid-2008) and a bounce off the unrealistically low 0.5 level but we have to wonder if the current price fully accounts for the fundamental view.
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Where Men Run Wild and the sheep run scard
Some guy is bashing you on Oscar "Maddoff" Carboni's forum. http://www.livewithoscar.com/modules.php?name=Forums&file=viewtopic&t=1231
Oscar Carboni is a scam artist, check out www.fadethetrade.com
Damn, this is where we plan to hit the system reset button.
New America.
amelia?
Nice.
Watch the 4 pillar banks of NZ (same 4 banks in Australia). NZ and Australia are not immune from crashing house prices both NZ and here in Australia house prices are 8 times average income, prices have doubled in 6 years. Prices have been stable to date but rising unemployment could change the landscape down under very quickly.
Opefully, despite the wretched USD, the exchange rate will continue to be jolly and someday I'll move to NZ...would love to ski those Southern Alps.
Yes NZ is a nice place if you can get work. IMHO Australia and NZ will be towed along by Asia for many years to come. However our housing situation looks very bubbled to me.
oscar1 says to (15:01:23):
i am a trading survivor successfully for 27 years
oscar1 says to (15:02:02):
either way it will not change my results but might help yours
oscar1 says to (15:02:43):
and i have had all the losing days, big mistakes, 80k errors u name it to go with the experience
oscar1 says to (15:03:10):
i am willing to bet you GS does not have 1 single 27 yr trader on thier staff
oscar1 says to (15:04:06):
my biggest mistake was not to use a time machine and tell grandpa to stay long after the crash in 1929
15:04:53] oscar1: but now i have my chance to guide all of u
<<<
oscar1 says to (15:29:53):
yes u caught me
oscar1 says to (15:30:20):
I am liar and never do what i say in my videos, On the OMNI, on microphine
oscar1 says to (15:30:24):
u got me
oscar1 says to (15:30:45):
i m the most transparent trader on the planet
oscar1 says to (15:30:47):
i cant lie
oscar1 says to (15:31:56):
u would be amazed at how many knuckleheads try to accuse me of lying about my trades i put out as OMNIS
oscar1 says to (15:32:16):
and i think to my self...HTF is that even possible
oscar1 says to (15:32:24):
but whatever
oscar1 says to (15:32:36):
i could care less in all honesty what traders think
oscar1 says to (15:33:03):
as long as i can feed my family i am all good
Oscar is part of the big GS conspiracy
www.livewithoscar.com
www.fadethetrade.com
The New Zealand Dollar is one of the 8 most actively traded currency pairs. I'm not sure it has anything to do with Goldman, rather clarifying the global macro picture.
http://www.investopedia.com/ask/answers/06/maincurrencypairs.asp
p.s. Thanks from NZ. Really enjoying the ZH Team.
My GS comments were tongue-in-cheek. Hopefully, they stay the hell away from your pristine country down under, for the most part.
As per GS in NZ...
Very much here. In all three major centres, Auckland, Wellington and Christchurch.
http://www.gsjbw.com/?p=ContactDetails
how does a country of 4m have "3 major centres"? each of those is maybe 1/3 of a major centre, at best.. love kiwis the haka and the all blacks (except when they're getting pummeled by my boks) but just saying,..
I could piss and the puddle would be bigger than Wellington (and smell better).
Anyone see "Once Were Warriors"? LOL
Jake Heke: "I bought seafood today - bloody everything! Just wanted to put a smile on her face. Think she'd let me? Not a chance. All I said was that I got laid off. Anybody would've thought I'd told her my prick had dropped off!"