NZ dollar hits US76c. How does this affect you?

[caesius]

Not good news for those who hold shares on the NZX (disc: myself included). http://www.nzherald.co.nz/section/3/story.cfm?c_id=3&objectid=10444814

How is the high dollar affecting you, your shares or your business?

[Pussy]

Severely..... both professionally and personally. A large part of my clientelle are sheep and beef farmers, their income is very reduced accordingly. And watch the interest rates on mortgages, they'll take another hike.

[Lias]

Personally I'm loving it.

My employer isn't an exporter, so my job isnt affected. From a consumers point of view its brilliant to bring stuff in from the US at the moment.

I want to see us hit 90+ cents :-)

Also in theory with the export meat and dairy market suffering, we should see a glut of production and massively lowered meat prices on the domestic market.

[caesius]

What gets me is Bollard and Cullen's talk of how NZ must become "a nation of shareholders" while at the same time jacking up interest rates and pummeling our stock exchange.

All this will do is force people back into housing.

[cowpoos]

I want to see us hit 90+ cents :-)

without sounding too blunt...hmm...nah bugger it...your not all that bright are you?

[zeocen]

Dang, maybe I *should* buy one of those nolan n102 helmets from ebay now.

[caesius]

Personally I'm loving it.

My employer isn't an exporter, so my job isnt affected. From a consumers point of view its brilliant to bring stuff in from the US at the moment.

I want to see us hit 90+ cents :-)

I found this (http://www.nzherald.co.nz/topic/story.cfm?c_id=232&objectid=10444589) a good read.

[Big Dave]

Nil effect.

[Blackbird]

We sell our pulp and paper in $US, the international commodity currency. For every cent that the currency moves, we either gain or lose $10 million p.a on the bottom line. Our budget this financial year was set at $0.70 fx - ouch:shutup: Good job commodity prices have risen substantially, or we'd be like the Canadian mills, closing permanently!

[scumdog]

It means the '66 T-bird I bought in 2005 for NZ$6,600 would now only have cost me NZ$6,050

Last time it was 76 cents was way back in 1982.

[cowpoos]

We sell our pulp and paper in $US, the international commodity currency. For every cent that the currency moves, we either gain or lose $10 million p.a on the bottom line. Our budget this financial year was set at $0.70 fx - ouch:shutup: Good job commodity prices have risen substantially, or we'd be like the Canadian mills, closing permanently!
are you implying that the pulp and paper industry doesn't hedge?? or the comapny you work for?? thats balsy!!

[caesius]

Anyone here a member on sharetrader.co.nz?

[tri boy]

High dollar, export nation. Not good at all.
Lay offs, mortgagee sales, general down turn in countries optimism etc, 2-3yr bumpy ride along the bottom while manufacturing, farm gate earnings evaporate.
New Zealand goes through this every 7-10 yrs. Lower your debt levels, stop buying overpriced shit, and learn how to care and share.
Oh never mind, 3rd world status isn't that bad is it?:shit:

[steved]

are you implying that the pulp and paper industry doesn't hedge?? or the comapny you work for?? thats balsy!!
Hedging doesn't last forever. It depends on the time-frame of their hedging.

[caesius]

Lay offs, mortgagee sales, general down turn in countries optimism etc, 2-3yr bumpy ride along the bottom while manufacturing, farm gate earnings evaporate.

Agreed. The interest rate hikes aren't being given time to hit. When they do finally hit, they will HIT...

[Lias]

without sounding too blunt...hmm...nah bugger it...your not all that bright are you?

The organisation I work for is one that on the whole would prosper more with a shit economy and higher unemployment.

Personally I buy alot of stuff online from the US. I'm also struggling to save to buy a house. If the economy completely goes to shit and we see lots of mortgagee sales I might actually be able to afford a house.

Given these two things, I'm all for a higher NZ dollar. Personally it benefits me with cheaper prices, and professionally the NZ economy tanking is likely to offer me increased job security.

Yes I know it's going to shaft farmers like yourself and a large part of the economy if it keeps going upwards, but from a purely personal point of view the high dollar is a good thing from where I stand.

[cowpoos]

Hedging doesn't last forever. It depends on the time-frame of their hedging.
no kidding..lol..but most large exporting companys have a constant hedging policy...so there is always forward exchange contracts or hedging in place...

What I was getting at was blackbirds concern about the income difference from his industry/company's budgeted conversion rate of 70c and the current one of 76c...and I'm guessing he's implying the drop of income for the following finacial year if the dollar stays about this level...

[Drunken Monkey]

The organisation I work for is one that on the whole would prosper more with a shit economy and higher unemployment.

Ah! So you work in a brothel as a madame?

[Lias]

Ah! So you work in a brothel as a madame?

I wish :-(

[cowpoos]

The organisation I work for is one that on the whole would prosper more with a shit economy and higher unemployment.


Neat...work for a government department then?



Personally I buy alot of stuff online from the US. I'm also struggling to save to buy a house. If the economy completely goes to shit and we see lots of mortgagee sales I might actually be able to afford a house.



will you beable to afford the high interest rates a volitile econommy will bring?
along with the banks having alot stricter lending guidlines during a volitile period?

best solutuion if you can't afford a house...get a better job...increase your means...QUIT YOUR GOV DEPARTMENT JOB!!! U KNOW U WANT TO!!


Given these two things, I'm all for a higher NZ dollar. Personally it benefits me with cheaper prices, and professionally the NZ economy tanking is likely to offer me increased job security.

You vote laboar by any chance?




Yes I know it's going to shaft farmers like yourself and a large part of the economy if it keeps going upwards, but from a purely personal point of view the high dollar is a good thing from where I stand.

I'm not a farmer anymore...havn't been for a good 6mnths now
Besides that...the high dollar effect far more that I can be bothered typing about...its also a very topical subject...your right in reguard to the fact that a high dollar has some small benifits to NZ...but as a whole its not ideal at all..as most of GDP is derived from exports..and for the most part urban NZ is supported from the exporting industry's in this country there will be a flow on effect..its a shame NZ hasn't tried to keep up with the top OECD countries by developing a knowledge economy...instead we seem to specialise in selling off our knowledge cheaply to the rest of the world,as well as exporting it in ever increasing numbers!!

[Blackbird]

are you implying that the pulp and paper industry doesn't hedge?? or the comapny you work for?? thats balsy!!

Nah, we hedge but it catches up with us in the end because the cyclical nature of our industry is well known.

[Swoop]

Not good news for those who hold shares on the NZX
I believe the NZX is a pornographic magazine...:whistle:



WHEN will the price of petrol come down????????:mad:

[cowpoos]

WHEN will the price of petrol come down????????:mad:


probally when Mcdonalds hamburgers are $1.20 again :)

[yod]

yep...getting close to house selling time - take the obscene profit and run

[Flatcap]

Yay! Cheaper petrol!

[RantyDave]

I'm also struggling to save to buy a house. If the economy completely goes to shit and we see lots of mortgagee sales I might actually be able to afford a house.
This is precisely the idea. NZ got burned on stock market investments in the 80's (IIRC, I wasn't here) and then there was the dotcom boom/crash so the few remaining people who thought the stock market was a good idea changed their minds ... leading to every man and his dog investing in property. After a while this became it's own self fulfilling prophecy and we now have this dire situation where rental incomes won't pay mortgage costs and nobody can get on the 'bottom rung' of the housing ladder any more. As soon as the property investors start getting bored of this game they'll start selling, and prices will start falling, and more will start selling etc. etc. Hopefully. Although Alan Bollard has been sitting on his arse waiting for it to happen for at least a year now and it hasn't ... hence giving it another little shove. And another. And another. And I hope he has the cojones to keep going, personally, because this crash needs to happen real soon now.

On the plus side it's a sweet time to rent.

How does it affect me? Not very much. But I feel genuinely sorry for those who are about to have their first child and wonder what the fuck happened to the quarter acre dream.

Dave

[scumdog]

Agreed. The interest rate hikes aren't being given time to hit. When they do finally hit, they will HIT...

Why oh why are our interest rates so high in comparison to the USA - and climbing?

And imho the dollar got to where it is naturally - when it falls it will do so naturally. (due to market fluctuations)


Unless some damn gubmint intervenes at the behest of exporters and similar..

[kickingzebra]

This is precisely the idea. NZ got burned on stock market investments in the 80's (IIRC, I wasn't here) and then there was the dotcom boom/crash so the few remaining people who thought the stock market was a good idea changed their minds ... leading to every man and his dog investing in property.

Due diligence done, then busts simply give the biggest opportunities.
Stock market has consistantly out performed the property market for near on 100 years.


After a while this became it's own self fulfilling prophecy and we now have this dire situation where rental incomes won't pay mortgage costs and nobody can get on the 'bottom rung' of the housing ladder any more. As soon as the property investors start getting bored of this game they'll start selling, and prices will start falling, and more will start selling etc. etc. Hopefully.

There is no shortage of property in NZ right now that will more than cover its mortgage repayments and other expenses, and leave a healthy surplus after tax.
Why would the property investors get off the band wagon, when property investing has paid for much of my families exorbitant lifestyle for the last three years?
Getting in at the bottom rung is still pretty easy if you research what you need to do, and don't muck around with too much bad credit. Hell, there are 110% mortgage products offered by at least one major trading bank at present. New Porsche with your house anybody?


Although Alan Bollard has been sitting on his arse waiting for it to happen for at least a year now and it hasn't ... hence giving it another little shove. And another. And another. And I hope he has the cojones to keep going, personally, because this crash needs to happen real soon now.

Alan Bollard is not really trying to curb outrageous property investing as much as consumer spending. From my perspective, the more the OCR goes up, the more people will be scared off the market, the more opportunities I will have to pick up easy deals. Then it is just convincing people that some retarded reporter working for the herald doesn't know what the hell they are on about, and buying a property, though not easy, is not by any means impossible.


On the plus side it's a sweet time to rent.
Yes, keep renting people... Muhahaha... I won't buy a house unless it is paying me, and as I have said, there are plenty out there that do... my last search of trademe alone two weeks ago gave me 30 properties to consider, that all would pay after tax profit.


How does it affect me? Not very much. But I feel genuinely sorry for those who are about to have their first child and wonder what the fuck happened to the quarter acre dream.


Life will be what they make it, but ignorance of the market will seal the graves of the aspirations of those who can but dream.
Knowledge is power, and potentially money.

[Lias]

Neat...work for a government department then?
best solutuion if you can't afford a house...get a better job...increase your means...QUIT YOUR GOV DEPARTMENT JOB!!! U KNOW U WANT TO!!


I don't work for a govt department as such.. I work in the IT department of Te Wananga O Aotearoa, which admittedly gets all its funding from the govt. I wouldnt mind a good govt sector job.. Pay's generally not bad, and the perks like unlimited sick leave are just great.



You vote laboar by any chance?

*Giggle* You havnt read many of my posts have you? I think Rob Muldoon, Margaret Thatcher, & Genghis Khan were all a bit too far leftwing for my liking.



I'm not a farmer anymore...havn't been for a good 6mnths now

My bad



Besides that...the high dollar effect far more that I can be bothered typing about...its also a very topical subject...your right in reguard to the fact that a high dollar has some small benifits to NZ...but as a whole its not ideal at all..as most of GDP is derived from exports..and for the most part urban NZ is supported from the exporting industry's in this country there will be a flow on effect..its a shame NZ hasn't tried to keep up with the top OECD countries by developing a knowledge economy...instead we seem to specialise in selling off our knowledge cheaply to the rest of the world,as well as exporting it in ever increasing numbers!!

Is the high dollar good for NZ as a whole? No.
Is it good for me, in my current employment, financial position etc? Yes.

[cowpoos]

Due diligence done, then busts simply give the biggest opportunities.
Stock market has consistantly out performed the property market for near on 100 years.



There is no shortage of property in NZ right now that will more than cover its mortgage repayments and other expenses, and leave a healthy surplus after tax.
Why would the property investors get off the band wagon, when property investing has paid for much of my families exorbitant lifestyle for the last three years?
Getting in at the bottom rung is still pretty easy if you research what you need to do, and don't muck around with too much bad credit. Hell, there are 110% mortgage products offered by at least one major trading bank at present. New Porsche with your house anybody?



Alan Bollard is not really trying to curb outrageous property investing as much as consumer spending. From my perspective, the more the OCR goes up, the more people will be scared off the market, the more opportunities I will have to pick up easy deals. Then it is just convincing people that some retarded reporter working for the herald doesn't know what the hell they are on about, and buying a property, though not easy, is not by any means impossible.


Yes, keep renting people... Muhahaha... I won't buy a house unless it is paying me, and as I have said, there are plenty out there that do... my last search of trademe alone two weeks ago gave me 30 properties to consider, that all would pay after tax profit.



Life will be what they make it, but ignorance of the market will seal the graves of the aspirations of those who can but dream.
Knowledge is power, and potentially money.
so my estemed friend Mr Zebra...do you think Mcdonalds hamburgers will ever be $1.20 again?

[kickingzebra]

so my estemed friend Mr Zebra...do you think Mcdonalds hamburgers will ever be $1.20 again?

Absolutely... All you need to do is get someone else to pay the fare to LAX. McDs is right in the lobby... But there are quite a few lobbies... You'll find it, it is like a shining beacon of light in a sea of expensive airport stuff.

[QMOTO]

High dollar, export nation.


Are we, I think we are far better at Importing that exporting, policies for exporting are crap in NZ heance our big exporters leaving in their droves, if our farmers could pack a plane load of cows to China they would have already left by now also.
NZ is an importing Nation, soon we will make nothing and import everything.............importing is the way of the future for NZ (maybe not a good one, and yes my tongue is planted in my cheek with above comment)

[cowpoos]

I don't work for a govt department as such.. I work in the IT department of Te Wananga O Aotearoa,

*Giggle*




*Giggle* You havnt read many of my posts have you? I think Rob Muldoon, Margaret Thatcher, & Genghis Khan were all a bit too far leftwing for my liking.


Well with your small minded thinking...and total lack of though of consequences I was only asumming you were a labour voter...but now I can see that you would be a supporter of Hitler,Polpot or starlin...people with delusions or grandure :)



Is it good for me, in my current employment, financial position etc? Yes.

probally not as the government has less tax money to spend as the economy goes backwards and they start make funding cuts to the less viable educational institutions...

[cowpoos]

Absolutely... All you need to do is get someone else to pay the fare to LAX. McDs is right in the lobby... But there are quite a few lobbies... You'll find it, it is like a shining beacon of light in a sea of expensive airport stuff.
Errrr right o then...umm...can I borrow 60c then?

[RantyDave]

There is no shortage of property in NZ right now that will more than cover its mortgage repayments and other expenses, and leave a healthy surplus after tax.
See, if you can find one that works properly ... as you obviously can ... then I can only suggest going for it. One side effect of the high house prices is no shortage of rental demand...

I only take my deeply negative position on the whole thing since all I ever hear about is rents not even covering the interest.

Dave

[Lias]

probally not as the government has less tax money to spend as the economy goes backwards and they start make funding cuts to the less viable educational institutions...

TWOA is one of the biggest tertiary providers in the country, and is actually in a better financial state than most of the polytechs, and not a few of the uni's. They also target and cater to the very bottom end of tertiary education, particularly people who didnt finish high school and wouldnt get into a normal uni/polytech, there are a hell of a lot of those people in NZ.

[kickingzebra]

See, if you can find one that works properly ... as you obviously can ... then I can only suggest going for it. One side effect of the high house prices is no shortage of rental demand...

I only take my deeply negative position on the whole thing since all I ever hear about is rents not even covering the interest.

Dave

Don't believe what the masses or the media tells you in that respect. Sure, sometimes some creativity may be required, but nothing that can't be learned by reading a few books.

I still remember Olly Newman trying to bring about a property bust 2 years ago by appearing in all the media saying, I am a wealthy property investor, and I am diverging my assets, because it is going to crash. You should too...
Self fulfilling prophecy with someone at that level, and yet the market still continues to climb...
If anyone cares to look they will find a way.

[bane]

Unless some damn gubmint intervenes at the behest of exporters and similar..



BINGO - Reserve bank has started selling our currency!

that should shit our economic reputation around the world....

you cant f#ck with market forces - it will head back up again....

[James Deuce]

http://www.stuff.co.nz/4091520a10.html

Looks to me like our International rep will actually be pretty good. The US fiddle with their exchange rate all the time. We've done it once in 20 years and for the right reasons.

[cowpoos]

http://www.stuff.co.nz/4091520a10.html

Looks to me like our International rep will actually be pretty good. The US fiddle with their exchange rate all the time. We've done it once in 20 years and for the right reasons.

hmmmm......our economy is rather emotive at the moment eh!!

[Toaster]

http://www.stuff.co.nz/4091520a10.html

Looks to me like our International rep will actually be pretty good. The US fiddle with their exchange rate all the time. We've done it once in 20 years and for the right reasons.


I agree. It's a nasty business.... I only wish i knew beforehand so I could have bought lots of FX!!

[bane]

Gareth Morgan quotes:

"bad desperate move"

"reserve bank are dog tucker"


NZ is too small a player to get away with this. Reserve Bank is playing with loose change....

[James Deuce]

Yep, but 5c more and NZ tanks into 3rd World territory. The Wairarapa is prime Dairy country but more and more Dairy farmers are taking to the service industry equivalent of farming and selling services to the big Dairy farms up north, resting stock and growing feed, because the small margin they had in primary produce disappeared over the last two years.

Gareth is only saying that because if the dollar falls again it will mean that his overseas bike jaunts will cost him more.

Our balance of payments is appalling, but that always gets ignored in any discussion about the economy.

[bane]

Bollard quote:
"we regard current levels of the exchange rate as exceptional and unjustified in terms of the economic fundamentals"

hmmm - highest dairy commodity prices in 30 years, high interest rates compared to risk, very weak $US, why does he think our currency is overvalued?


I agree that a high dollar effects exporters competitiveness. However I dont see that as all bad. Surely it is pointless to say we earn lots of $NZ if they arnt worth anything?
(Dairy farmers are the classic case - they got a "big" dairy payout a few years back when the $NZ was around $US0.39 - since then the relative payout has actually been higher, but they have pleaded poverty).

Id like to see the $NZ stabilise (i.e. get rid of the huge volativity) around the US$0.70 mark. It will force our exporters to become as efficient as possible, while giving NZers real wealth.

[bane]

Yep, but 5c more and NZ tanks into 3rd World territory. The Wairarapa is prime Dairy country but more and more Dairy farmers are taking to the service industry equivalent of farming and selling services to the big Dairy farms up north, resting stock and growing feed, because the small margin they had in primary produce disappeared over the last two years.

yep those dairy farmers are hurting - highest payout ever coming, and its real money with the $NZ worth something!

[James Deuce]

(Dairy farmers are the classic case - they got a "big" dairy payout a few years back when the $NZ was around $US0.39 - since then the relative payout has actually been higher, but they have pleaded poverty).

.

That's one of the problems with most Kiwis. They don't understand how that payout works. You get part of the payout in Dairy Company shares which aren't a tradeable commodity. They are worth nothing unless you quit Dairy farming so you end up with a "virtual fortune" that you can't even use as equity with the bank.

[Hitcher]

Buy US dollars. As many as you can afford. The NZ dollar will go down at some stage.

[bane]

That's one of the problems with most Kiwis. They don't understand how that payout works. You get part of the payout in Dairy Company shares which aren't a tradeable commodity. They are worth nothing unless you quit Dairy farming so you end up with a "virtual fortune" that you can't even use as equity with the bank.

whilst I agree with your sentiment about the use of fair value shares and the "have to quit to realise", the value of the shares is not paid for the money the dairy company earns from selling the farmer's milk.

Obviously the value of the share is influenced by how good/bad the payout is, and what the assets of the co-op are, but they dont say "we made $5 billion from selling our products, lets pay $4 billion as payout to our farmers, and chuck $1 billion into the value of the shares"... apologies if im wrong...

[RantyDave]

Gareth is only saying that because if the dollar falls again it will mean that his overseas bike jaunts will cost him more.
Gareth Morgan gave away forty five million dollars (IIRC). I don't think he gives the first flying fuck how much his jaunts cost :)

Dave

[Edbear]

Seriously thinking about a trip to Hawaii for our 30th this Oct....:sunny:

[Bullitt]

That's one of the problems with most Kiwis. They don't understand how that payout works. You get part of the payout in Dairy Company shares which aren't a tradeable commodity. They are worth nothing unless you quit Dairy farming so you end up with a "virtual fortune" that you can't even use as equity with the bank.

AFAIK (I work with banks, not farmers) you can borrow a significant proportion (up to 100%?)based on the value of the shares:confused:

[James Deuce]

whilst I agree with your sentiment about the use of fair value shares and the "have to quit to realise", the value of the shares is not paid for the money the dairy company earns from selling the farmer's milk.

Obviously the value of the share is influenced by how good/bad the payout is, and what the assets of the co-op are, but they dont say "we made $5 billion from selling our products, lets pay $4 billion as payout to our farmers, and chuck $1 billion into the value of the shares"... apologies if im wrong...

They payouts are set 18 months earlier on projected earnings on the then current value of the commodity. Any positive difference is paid for in shares. Any negative moves in the value reduce the sum of money paid out. A reported payout is NOT what the farmer sees in their hand.

They DO say we made $5 billion, lets pay out $4 because of the current price. It's the same crap that we get with the price of petrol. Bought months ahead but the price can go up on today's commodity value of a barrel of oil.

[James Deuce]

AFAIK (I work with banks, not farmers) you can borrow a significant proportion (up to 100%?)based on the value of the shares:confused:

You might want to have a chat to the BNZ about that. They certainly don't and haven't for a good decade.

[cowpoos]

AFAIK (I work with banks, not farmers) you can borrow a significant proportion (up to 100%?)based on the value of the shares:confused:
correct!!!!!!!!!!!!!!!!!!!!!!!!!

[James Deuce]

correct!!!!!!!!!!!!!!!!!!!!!!!!!

Not the BNZ mate. It's why the in-laws had to bail on Dairying after being with versions of that Bank for more than 50 years.

[bane]

They payouts are set 18 months earlier on projected earnings on the then current value of the commodity. Any positive difference is paid for in shares. Any negative moves in the value reduce the sum of money paid out.


but... 6 months out from the beginning of this last season, Fonterra predicted it was going to pay $3.85. By the start of last season, it had risen to $4.05. Three months in, this was raised to $4.15. Now the payout will be $4.35. This is directly because Fonterra made more money from the product they sold... it was not "locked in" 18 months ago. Neither was the extra value "just transferred" to the fair share value.

Obviously it can go the otherway, although much shit would hit fan...

[cowpoos]

Not the BNZ mate. It's why the in-laws had to bail on Dairying after being with versions of that Bank for more than 50 years.
yes they do...I don't think you know the full story...we should leave this at that!!

[doc]

yep those dairy farmers are hurting - highest payout ever coming, and its real money with the $NZ worth something!
Yep Poo's got out of farming at the wrong time. Income up, expences down (most stuff is import related). Should have stuck it out. Could of bought Finns Repsol. And still got to go and pick out that Asian bride personally.

[cowpoos]

but... 6 months out from the beginning of this last season, Fonterra predicted it was going to pay $3.85. By the start of last season, it had risen to $4.05. Three months in, this was raised to $4.15. Now the payout will be $4.35. This is directly because Fonterra made more money from the product they sold... it was not "locked in" 18 months ago. Neither was the extra value "just transferred" to the fair share value.

Obviously it can go the otherway, although much shit would hit fan...


the hedging policy is 15mnths with fonterra not 18mnths

what you have said is true to a point...the increase in payout has been because a number of factors...first would be the amount of currency contracts that fonterra aquired as a result of high curency at times and realeasing them at times when the exchange rate was lower than the rate fixed on the contracts...also the higher commidity prices have totally helped alot also...auz had another low production year in the dairy sector because of droughts and it results in less product on the world markets...and a demand supply senario is created...drives prices up to a point...

The share value is based on the value on the company...not the value of its products when they are up or down...so with a payout going up...doesn't neccesarly equate to the value of a company going up...fontera have been very very smart purchasing offshore assets of the last 4 or so years...and the company is doing a very good job at stratigically setting itself up for the future...not just for the now like alot of companies that are now setting their selves up for high value products of today....when the dollar drops again...to levels around 50-55c fonterra's volume of basic milk commdities will bring absaloutly shitloads of money into this country!! farmers will see the likes of income they've been dreaming of...especially once the chineese market opens up fully...china will consume sooo much dairy produce in the future...the world won't beable to keep up!!

[sanchez]

I look at it this way

High Dollar - short term bonus, longterm decline in living standards
Low Dollar - sucks for some, longterm rise in living standards

But hey, at least tv's are cheap.

[cowpoos]

Yep Poo's got out of farming at the wrong time. Income up, expences down (most stuff is import related). Should have stuck it out. Could of bought Finns Repsol. And still got to go and pick out that Asian bride personally.
I left for other reasons dude...

[scumdog]

Yep Poo's got out of farming at the wrong time. Income up, expences down (most stuff is import related). Should have stuck it out. Could of bought Finns Repsol. And still got to go and pick out that Asian bride personally.

At least he ain't stinkin' up the atmosphere and makin' the road slippery wiff green slimey shit no more..

[cowpoos]

At least he ain't stinkin' up the atmosphere and makin' the road slippery wiff green slimey shit no more..
never did dude...I was very anti green shit on the road...I been know to hit up truckies at times to about having to full effluent tanks!!

[doc]

At least he ain't stinkin' up the atmosphere and makin' the road slippery wiff green slimey shit no more..
Ain't that a problem. On the way back from the Monkey via Waiau to Kaikoura, came across some "cockie" shifting his dairy herd, must of been close to a 1000 of them. If the price of each cow is what it earns in a season what's a herd of that size worth, if you sell it and buy US dollars and wait for the enivitable, why work ? twice a day anyway.

[scumdog]

Ain't that a problem. On the way back from the Monkey via Waiau to Kaikoura, came across some "cockie" shifting his dairy herd, must of been close to a 1000 of them. If the price of each cow is what it earns in a season what's a herd of that size worth, if you sell it and buy US dollars and wait for the enivitable, why work ? twice a day anyway.

Same here dude - Southland Rodder 40th, a cruise through western Southland and the 'lorry' made a green wake everywhere with 305 X 15's acting as effluent spreader on every road I was on - shame no effluent is needed on a sealed road eh???

[doc]

Same here dude - Southland Rodder 40th, a cruise through western Southland and the 'lorry' made a green wake everywhere with 305 X 15's acting as effluent spreder on every road I was on - shame no effluent is needed on a sealed road eh???

It is especially bad south of Blenhiem. Stock trucks, 3 hour journey on ferry look for the best corners, to dump it. Some I think it spills out of, some I think just stop and dump it.

[Hitcher]

Back on topic, eh?

[scumdog]

Back on topic, eh?

Aw c'mon - it IS KB after all!

But all my HD and Thunderbird parts are a little cheaper for now.

(Wish I had the ready money to buy some US cash right now.)

[cowpoos]

Back on topic, eh?
well that comment killed the thread!!

[bane]

its back...


Congrats to Mr Bollard. After spending a rumoured $1.5 billion of tax payers money selling our currency, the currency has gone from a then high of 76.5, to the current rate of 77.3.

He's got $7 billion (less 1.5 already spent) to try and effect the currency. In the last 2 days the japs have bought over $10 billion $NZ.

The phrase "pissing into the wind" comes to mind.

[k14]

its back...


Congrats to Mr Bollard. After spending a rumoured $1.5 billion of tax payers money selling our currency, the currency has gone from a then high of 76.5, to the current rate of 77.3.
Are you implying that he has failed? From where I'm standing I don't really see an issue with it. Yes he has sent a whole heap of money overseas and 4 or 5 times that has come in during that time. Nothing lost, unless the exchange rate stays over this level forever. Just needs to wait for 6 months and it will come down again and he'd of made millions back. The balance will return, just when is the question.

Don't know about you guys, but if all the money I can spare is doing exactly the same thing.

[Crazy Steve]

I can't wait for it to reach around 80Us cent's..

I'm buying some Gun's from the States..:love:

Crazy Steve..

[MVnut]

Hope it goes higher. As far as I'm concerned the whingers can go ..........

[Littleman]

I'm modestly cashed up at the moment and looking to buy quality NZ shares whose share price is inversely related to the exchange rate, Fisher & Pykel Healthcare, Pumpkin Patch, GPG etc.....

So in respect of the initial discussion... not yet, but it will.

[bucket boy]

im loving it getting parts in from u.s for my hot rods just finished my tricked out zx10 with dollar so good more people going over bringing back containers to fit parts in problem is wish list bigger than bank account

[scumdog]

im loving it getting parts in from u.s for my hot rods just finished my tricked out zx10 with dollar so good more people going over bringing back containers to fit parts in problem is wish list bigger than bank account


Not ANOTHER bloody hot-rodder on KB??

But yeah, at the moment the imported bits are affordable eh!

[tri boy]

I'm modestly cashed up at the moment and looking to buy quality NZ shares whose share price is inversely related to the exchange rate, Fisher & Pykel Healthcare, Pumpkin Patch, GPG etc.....

So in respect of the initial discussion... not yet, but it will.

Maybe look at some Aussie resource stock, while the Kiwi is up.
So long as India and China develop, an require resources, Aussie Mining will continue to boom. Some of the new listings are showing considerable price growth.:yes:
May have to bling the scrambler with some T/bike cams.:Punk: with some of the gains.

[terbang]

Suits me fine at the moment cos I'm going up there in Aug to have my daughter taught to fly. It just got cheaper.

[Littleman]

Maybe look at some Aussie resource stock, while the Kiwi is up.
So long as India and China develop, an require resources, Aussie Mining will continue to boom. Some of the new listings are showing considerable price growth.:yes:
May have to bling the scrambler with some T/bike cams.:Punk: with some of the gains.

Feel free to PM me any suggestions and I'll do some homework on them.

I've generally kept away from all but the biggest of mining companies as anything else appears to be viewed as risky and too speculative.

How about directly investing in gold? Its usually bought in US curency so I may get a double whammy if you like when gold goes up and the dollar comes down?

[caesius]

What a fun ride, up above 80 now back below 70. Exporters must be breathing again.

[rudolph]

I couldn't give a rats ass

[caesius]

It hits everyone indirectly IMO. Especially those with with money in the sharemarket. Interest rates, etc

[Hitcher]

Shame that it's falling before New Zealand distributors start slashing the prices for new bikes.

[tri boy]

US subprime mortgage lenders are in free fall. Fasten seat belts ladies and gentlemen.
Easy loans etc will quickly tighten up. Sensible investing for the medium term, and wise use of cash is the order for the next few quaters. Sun will still rise, and the moon will still appear.
:yes:

[marty]

i'm up to the states in 3 weeks to go to the Reno Air Racing - picking up a mates Buell XB12 in San Fran and riding over. I'm supporting an F1 race plane there.

I'm very glad to have bought US$2000 10 days ago, at 81 cents :)

[Swoop]

Glad to see that the dollar has gone down and almost immediately afterwards, the petrol mafia put the prices up.
Did we see it come down in price when the dollar was strong.....:no:

...the Reno Air Racing - picking up a mates Buell XB12 in San Fran and riding over. I'm supporting an F1 race plane there.
Are the NZ Thunder Mustang guys going up there again this year?

[marty]

they're registered, so i presume they're racing!

hopefully i don't get too carried away and come back with a F1 plane in my pocket......

[Swoop]

No wonder I can't get my backseat ride with them.....:angry:

[Sollyboy]

US subprime mortgage lenders are in free fall. Fasten seat belts ladies and gentlemen.
Easy loans etc will quickly tighten up. Sensible investing for the medium term, and wise use of cash is the order for the next few quaters. Sun will still rise, and the moon will still appear.
:yes:

You can feel it coming like in the late 80s , it caught me off guard that time but this time i buffered myself well, get ready for people to start selling off their luxury items like bikes and boats cheap , caravan prices will probably go up as there will be a surge of relatives parking them in the front of eachothers houses as permanent living

[Mr. Peanut]

I'm buying Australian stocks on the way down... :calm:

Be greedy when others are fearful, and fearful when others are greedy :)

[tri boy]

In no way am I a trader in currencies, but I've noticed quite a weakening of the US dollar against the Euro, and even the Canadian,(weakest against Canadian for 31yrs), sub prime, and deficet of approx 700 Billion is starting to bite.
Storm clouds gathering for US citizens?

[Coldrider]

US dropped housing interest rates by 0.5% a couple of days ago.

[Swoop]

Kiwi dollar is going up again...
Chances of petrol being cheaper soon????????? :rofl::rofl::rofl::rofl::rofl::rofl:

[tri boy]

US investment managers are perusing Aussie resource stocks. A financial storm is close at hand, and maybe they are seeking shelter.
%21 rise in Arufura straight after a US manager suggested it as a good buy.
Lots of US funds looking for a rain coat.
Just my perspective:cool:.