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Is NZ Recession Really Over & Little-Known Facts (Week 5)

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Manage episode 327622236 series 3116466
Вміст надано www.MaximSherstobitov.NZ. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією www.MaximSherstobitov.NZ або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.

The deepest recession in NZ history. What’s behind it? / NZ Share Market Rises and Falls Over the Last Week/ My 4 Company Losers and 2 Winners ($11,021 Stock Portfolio Update)

✅ TABLE OF CONTENTS ✅

0:00 News Topics.

0:26 The deepest recession in NZ history.

3:12 Heartland Group Stock Update (HGH - NZX)

5:24 Serko Stock Update (SKO - NZX)

5:57 Tourism Holdings Stock Update (THL - NZX)

7:08 Enprise Group Stock Update (ENS - NZX)

8:34 My Public Portfolio Update $11,021

If you look at this chart we must be all in trouble. And I’m talking about WW2 trouble because we have not seen such GDP drop since 1930.

However, something really bizarre is happening. GDP chart is down but the NZX 50 is going up. There is a big disconnect from the real economy and the stock or the property market. One of the main reasons is that the NZ government is handing out a lot of money and RBNZ reduced the Official Cash Rate close to zero.

Since investment earnings are scarce in a recession with zero or negative interest rates, investors are flocking to anything promising capital gains. Equity, real estate or even rare whiskeys are attractive alternatives to watching your money melt away in real terms.

Last week, the Real Estate Institute of New Zealand (REINZ) released its latest property price statistics. In the past year, the median house price increased by 16%.

If you thought there was an economic crisis or a recession going on, it does not show up in insolvency proceedings too. For the six months of March to August, 481 bankruptcy adjudications were sent to the High Court. That was 23% below last year's figure, 40% fewer than in 2018 and 56% below the 2017 numbers.

In New Zealand, a 12% plunge in June quarter gross domestic product (GDP) was the worst result since records began in 1987, but a fall of that magnitude, reflecting the coronavirus lockdown, had been expected.

However, all the padding around this economic crisis makes it look like a boom. Globally, governments have moved trillions of dollars to prop up businesses, subsidise workers, support the unemployed and run shovel-ready projects. Meanwhile, central banks are printing trillions of dollars and lowering interest rates to keep governments financed and businesses afloat.

What do you think will happen when this support is over?

Learn other tips at https://www.MaximSherstobitov.NZ/

Subscribe on YouTube now so you do not miss the next video ➜ https://www.youtube.com/channel/UCHIw-Ej9kivd77bavBCnatQ?sub_confirmation=1

➔ Facebook Page - https://www.facebook.com/MaximSherstobitovPage/

➔ Instagram - https://www.instagram.com/maxim.sherstobitov/

➔ LinkedIn - https://www.linkedin.com/in/maximsherstobitov/

➔ Subscribe to the Podcast

➔ Join my exclusive weekly newsletter http://eepurl.com/gcmTU9

IMPORTANT:

- The information does not constitute financial, accounting or legal advice and we cannot be held liable for any acts or omissions that arise from your use.

- Everything on this channel is for educational purposes only. It does not take into account your investment objectives, financial situation and personal needs.

  continue reading

36 епізодів

Artwork
iconПоширити
 
Manage episode 327622236 series 3116466
Вміст надано www.MaximSherstobitov.NZ. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією www.MaximSherstobitov.NZ або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.

The deepest recession in NZ history. What’s behind it? / NZ Share Market Rises and Falls Over the Last Week/ My 4 Company Losers and 2 Winners ($11,021 Stock Portfolio Update)

✅ TABLE OF CONTENTS ✅

0:00 News Topics.

0:26 The deepest recession in NZ history.

3:12 Heartland Group Stock Update (HGH - NZX)

5:24 Serko Stock Update (SKO - NZX)

5:57 Tourism Holdings Stock Update (THL - NZX)

7:08 Enprise Group Stock Update (ENS - NZX)

8:34 My Public Portfolio Update $11,021

If you look at this chart we must be all in trouble. And I’m talking about WW2 trouble because we have not seen such GDP drop since 1930.

However, something really bizarre is happening. GDP chart is down but the NZX 50 is going up. There is a big disconnect from the real economy and the stock or the property market. One of the main reasons is that the NZ government is handing out a lot of money and RBNZ reduced the Official Cash Rate close to zero.

Since investment earnings are scarce in a recession with zero or negative interest rates, investors are flocking to anything promising capital gains. Equity, real estate or even rare whiskeys are attractive alternatives to watching your money melt away in real terms.

Last week, the Real Estate Institute of New Zealand (REINZ) released its latest property price statistics. In the past year, the median house price increased by 16%.

If you thought there was an economic crisis or a recession going on, it does not show up in insolvency proceedings too. For the six months of March to August, 481 bankruptcy adjudications were sent to the High Court. That was 23% below last year's figure, 40% fewer than in 2018 and 56% below the 2017 numbers.

In New Zealand, a 12% plunge in June quarter gross domestic product (GDP) was the worst result since records began in 1987, but a fall of that magnitude, reflecting the coronavirus lockdown, had been expected.

However, all the padding around this economic crisis makes it look like a boom. Globally, governments have moved trillions of dollars to prop up businesses, subsidise workers, support the unemployed and run shovel-ready projects. Meanwhile, central banks are printing trillions of dollars and lowering interest rates to keep governments financed and businesses afloat.

What do you think will happen when this support is over?

Learn other tips at https://www.MaximSherstobitov.NZ/

Subscribe on YouTube now so you do not miss the next video ➜ https://www.youtube.com/channel/UCHIw-Ej9kivd77bavBCnatQ?sub_confirmation=1

➔ Facebook Page - https://www.facebook.com/MaximSherstobitovPage/

➔ Instagram - https://www.instagram.com/maxim.sherstobitov/

➔ LinkedIn - https://www.linkedin.com/in/maximsherstobitov/

➔ Subscribe to the Podcast

➔ Join my exclusive weekly newsletter http://eepurl.com/gcmTU9

IMPORTANT:

- The information does not constitute financial, accounting or legal advice and we cannot be held liable for any acts or omissions that arise from your use.

- Everything on this channel is for educational purposes only. It does not take into account your investment objectives, financial situation and personal needs.

  continue reading

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