2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 374.22

-0.2%

Nov 21 4:00 PM EST

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To: Gib Bogle who wrote (56475)	10/14/2009 7:24:37 PM
From: Maurice Winn	1 Recommendation Read Replies (2) of 217918

Done already [and long ago Gib]. [Short NZ$ - I'm loaded up with US$ cash and assets]. Meanwhile, did you see the front page of The New Zealand Herald today? Muldoon used to say that people wouldn't know a deficit if they fell over it. The government is borrowing $250 million per week. In the USA, that's somewhere down in the insignificant figures, with bids in the USA starting at $100 billion or $1 trillion, but in NZ, that's still real money. The NZ deficit and government borrowing is newsworthy enough [even though nobody knows what a deficit is] to put it in BIG red letters on the front page. Maybe you are right that everything is hunky dory in NZ. Perhaps you are doubling your personal GDP and increasing your tax payments so they can happily borrow all that money knowing you'll cover the loans. Most NZers are not increasing their personal GDPs and plenty are feeling decidedly impoverished. Government [and related] employees are unaffected - they have their sinecures and are insulated from the cold economic drafts in the world of producers, customers, buying and selling. I gave many recommendations to short NZ$ at 83c and around that level a year or two ago too - those were good recommendations. The latest bounce up is another opportunity. Mqurice

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