"The economy is rebounding" What the heck, right? Do people really fall for this stuff?
Unemployment climbs in New Zealand
6.5%
Just a few weeks ago they tried to sell the "recession's over..." rhetoric to Kiwis (New Zealanders), like their American counterparts. What is the point of this blatant deception? More importantly, how does one exploit this situation for a profit?
Interest rates will likely lower in the near term future in NZ, to uphold the "recovery" facade. Real estate will likely fall some more, as increasing number of folks will default on mortgage payments, etc. Low-profile listed companies will experience reduced earnings, obviously, if they are willing to sacrifice staff (profit producing capacity). Short selling high credit risk businesses sounds quite viable at this time.
6 months ago
1 Reflections:
this boggles my mind.
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