Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.


Possum

240 posts

Master Geek


#87801 7-Aug-2011 20:26
Send private message

The NZ economy  isn't so bad after all..  





Create new topic
 
 
 

Affiliate link: Shop computers and accessories at Lenovo.

gzt

gzt
11645 posts

Uber Geek

Lifetime subscriber

  #503107 7-Aug-2011 21:18
Send private message

I didn't watch all of it but Wikipedia gives a completely different figure for NZ. I think most other sources will be closer to Wikipedia as well.

No idea where this guy is getting his figures or if he is mixing them up, or maybe he just wants to hint to his viewers to buy NZ bonds for some reason ;   )
 




mattwnz
16757 posts

Uber Geek


  #503124 7-Aug-2011 22:19
Send private message

Great, that should push up the NZ dollar even higher, as people do listen to this guy.
He mentioned NZ public debt is low, which is true, but I think it could be higher than what he quoted. However NZ private debt is very high.

 
 
 
 


Ragnor
8035 posts

Uber Geek

Trusted

  #503166 8-Aug-2011 00:47
Send private message

Peter Schiff has been consistently saying for years that rating agencies are a joke and investing in NZ, AU etc is a good choice.

He has a very solid record and all through 2006-2009 he correctly pre empted the GFC, eg: In 2007 he released a prophetic and famous book "Crash Proof - How to profit from the coming economic collapse". 

If you follow financial news, he's definitely worth adding to your RSS reader and subscribe to his youtube channel.

Ragnor
8035 posts

Uber Geek

Trusted

  #503170 8-Aug-2011 01:04
Send private message

To appreciate just how bad the shape the US is in have a look at this, and remember neither major political party in the US wants to balance the budget.

 

gzt

gzt
11645 posts

Uber Geek

Lifetime subscriber

  #503287 8-Aug-2011 12:41
Send private message

Not to mention China's official news agency getting in a public caning as well:

Stuff article: "In the Xinhua [official news agency] commentary, China scorned the United States for its "debt addiction" and "short sighted" political wrangling. "China, the largest creditor of the world's sole superpower, has every right now to demand the United States address its structural debt problems and ensure the safety of China's dollar assets," it said. It urged the United States to cut military and social welfare expenditure. Further credit downgrades would very likely undermine the world economic recovery and trigger new rounds of financial turmoil, it said."

I doubt the official news agency is the direct and exact mouthpiece of the central committee it once was, but it is still interesting to see it take this position.

Create new topic




News »

Amazon introduces new Echo devices
Posted 25-Sep-2020 11:56


Mad Catz introduces new S.T.R.I.K.E. 13 Mechanical Gaming Keyboard
Posted 25-Sep-2020 11:34


Vodafone NZ upgrades international submarine network
Posted 25-Sep-2020 09:09


Jabra announces wireless noise-cancelling airbuds, upgrade existing model
Posted 24-Sep-2020 14:43


Nokia 3.4 to be available in New Zealand
Posted 24-Sep-2020 14:34


HP announces new HP ENVY laptops aimed at content creators
Posted 24-Sep-2020 14:02


Logitech introduce MX Anywhere 3
Posted 21-Sep-2020 21:17


Countdown unveils contactless shopping with new Scan&Go tech
Posted 21-Sep-2020 09:48


HP unveils new innovations for businesses adapting to rapidly evolving workstyles and workforces
Posted 17-Sep-2020 15:36


GoPro launches new HERO9 Black camera
Posted 17-Sep-2020 09:45


Telecommunications industry launches new 5G Facts website
Posted 17-Sep-2020 07:56


New Zealand ranks 3rd in world in GSMA index
Posted 15-Sep-2020 10:13


Trend Micro Security Suite adds web monitoring to prevent identity theft
Posted 14-Sep-2020 15:37


NVIDIA to acquire Arm for US$ 40 billion
Posted 14-Sep-2020 12:27


Epson launches its next gen A3+ colour EcoTank multi-function printer
Posted 10-Sep-2020 16:08



Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.


Support Geekzone »

Our community of supporters help make Geekzone possible. Click the button below to join them.

Support Geezone on PressPatron



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.