SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 443.60+1.5%Jan 21 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TobagoJack who wrote (20050)7/6/2007 5:04:59 PM
From: Maurice Winn  Read Replies (1) of 219609
 
TJ, an opportunity for you to make a lot of money. NZ$ overvalued by 78% according to the Big Mac index. Except that The Economist got their arithmetic wrong: nbr.co.nz

But it does seem to be overvalued at US78c when it should be more like US40c.

New Zealand houses are now more expensive than American though our GDP per capita is about half the USA and our debts are much more than American.

There is a lot of fun going to happen in New Zealand. We had that 20 years ago in 1987 in a Big Bust which made the overseas crashes of the time look trivial. NZ had discovered financial deregulation and went nuts on debt and speculation in stock markets.

Now, people have discovered debt and speculation in housing. New Zealand has the world's highest interest rates [OECD rates not Zimbabwe rates].

Mqurice
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext