Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (18268)	5/15/2007 5:06:15 PM
From: Maurice Winn	Respond to of 220190

Housing prices, relative values, currencies. New Zealand median house prices are now much higher than in the USA. Median USA house price US$212,000 = NZ$286,000. bloomberg.com bigcities.govt.nz NZ median house price: 1998 NZ$160,000 1999 NZ$170,000 2000 NZ$174,000 2001 NZ$170,000 2002 NZ$176,000 2007 NZ$343,000 = It has doubled in 7 years. 2000 NZ$1 = US$0.40 at the bottom 2007 NZ$1 = US$0.73 now at the top. NZ$ has nearly doubled in value in 7 years, being 1.8 times as much. So, in US$, NZ house prices are 3.6 times as much as they were in the 2001. USA median house price is now well below the New Zealand median house price. That is despite median USA incomes being way above NZ's and with the USA having a doubled GDP per capita. If you are worried about USA prices being high, you should see NZ's!!! Incomes are increasing too, but not at that pace. Not by a long way. But debts have been increasing at that pace. Japanese have loaned New Zealanders umpty NZ$billion. Japanese can get 7% interest for NZ$ loans. Unemployment is at record lows [except that they don't count the legions of bludgers who live on various benefits which are not classed as unemployment benefits, nor prisoners, old people and government leeches]. People are leaving New Zealand in droves for Australia. But unlike those going to the USA from Mexico, they are the high-end people who can do useful things and earn good money. The no-hopers stay here where they can bludge. The emigrants are being replaced by Islamic Jihadists and other culturally unattuned people who do not share the socialist imperatives of the local yokels who still think they are superior British Empire Europeans who the imports will be happy to copy and receive instruction from in how to be good little Kiwis. They arrogantly assume the imports will be "like us". Fortunately, the imports are not "like us" as "we" have lots of unsavoury aspects. Unfortunately, all too many of the imports have characteristics which are even worse. For example, here is an immigrant "doctor" performing surgery on another doctor against the recipient's will = stabbing him with a knife: nzherald.co.nz So New Zealand has been on the skids down the OECD economic indicators, down the social indicators [child torture and murder, other crimes and MADness] but up the debt ratio charts. There are swarms of NZers making each other coffees and paying for it with borrowed money from Japanese, while enjoying jobs making rules for each other to comply with. Meanwhile, Fisher & Paykel Appliances is moving production to Thailand. The productive sector is being gutted. The bludging sector is booming, financed by borrow and hope. It would be a good move to learn Japanese. NZers can get jobs as servants making beds and coffees for the new house owners = retired Japanese who come to stay during the northern winter. Chinese also own swathes of Auckland but asset ownership is probably a lot less than the Japanese debt ownership. I guess the Japanese are unsecured creditors to the banks who hold the mortgages, so it's not strictly true that Japanese housewives will take over the houses when they are sold. However, with milk, meat and other prices on the up and up, and tourism doing okay, perhaps NZ will muddle through with some NZ$ destruction, inflation and financial relativity theory manoeuvres. The trade deficit doesn't suggest that's a likely outcome. History has not yet ended. Mqurice

To: elmatador who wrote (18268)	5/15/2007 5:24:07 PM
From: energyplay	Respond to of 220190

El Mat - that's a great graph of Brazilian stock performance. Can you also draw a graph of you daughter's expectations of what daddy will buy her ? ;-)