Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Haim R. Branisteanu who wrote (71637)	12/11/2009 2:38:05 PM
From: Maurice Winn	1 Recommendation Read Replies (2) of 74559

NZ$ at US71c is grossly over-valued despite the obvious problems in the USA economy. NZ's debt-based economy is holding up simply because interest rates were so high and now that they have halved, people are feeling less broke. Japanese rolled over their uridashi because a bit of interest payment was better than nothing and they have not understood the lack of foundations in NZ's financial situation. They should have a look at the NZ government's deficits to see how things are likely to go. Also, consider the trends over the decades. Borrow and hope is not a good financial solution to loss of income. Getting another job is a better idea. Mqurice

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