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I see NZ rates rising until they reach a tipping point. Seems to me the NZ economy is like a drunk driver. Its easy to stay between the curbs when going slow, but when going fast, your reaction time is slow and by the time you see the gutter coming its too late to avoid hitting it.
I expect AUDNZD to hit 1.35 and NZ property values to fall hard. timeframe – 2 yrs.
I plan to return there and clean up.
comments?
Interesting-I was recently in NZ and there was talk that due to large oil exports from a big new oil rig in the south of the north island they think the NZ dollar could be double the USD…interesting times ahead…
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