Forum Archive Index - September 2000

[nickkearney <nk@xtra.co.nz>]

Sarah Corkhill wrote:
> 
> Well the shocking GDP figures released this week have sent the NZ$ lower 
>against every other currency that matters.  This is good news for holders of 
>FRU shares as the pound is trading today somewhere around £1 = £3.55 (give or 
>take a few cents).
> 'V' is as hard to get hold of in England as economic know-how is for the 
>current Labour Govt. Both Tesco's (large supermarket chain) and BP can't seem 
>to get enough of the stuff on their shelves to satisfy demand.  If you have 
>any lying around at home you may want to ship it to England and make afew ££.
> 
> NZ is, I believe, the only OECD nation that is currently in, or incredibly 
>close to that nasty R word.  You guessed it - Recession.  Economic confidence 
>is low and I expect the Reserve Bank to raise interest rates shortly to curb 
>inflation.  It is going to be a very scary ride for the NZSE40 this October.

YES IT WILL.  HANDS UP ALL THOSE ON THIS FORUM THAT VOTED FOR THE
SOCIALISTS.  DON'T HIDE BEHIND YOUR SCREENS BECAUSE THERE ARE AT LEAST
3-4 OUT OF 10 OF YOU.  I AM NOT ONE OF THEM.  
BUT--- IT WILL BE A PLEASANT OCTOBER COS SUMMER IS ON THE WAY.  THAT
POSES THE QUESTION.  WOULD YOU RATHER HAVE ECONOMIC DEPRESSION AND FINE
WEATHER OR ECONOMIC DEPRESSION AND A CRAPPY ENGLISH WINTER!  I KNOW WHAT
I'D HAVE!
> 
> If you are looking for something interesting to watch outside the NZ market 
>then keep an eye on three companies in England.  The first is called Knowledge 
>Support - one look at it and enough said.  The second is Brewin Dolphin - an 
>English broking firm that is making buckets of money and the rumours of a 
>takeover are rife.  The third is LIFFE - it's the futures and options exchange 
>that is getting it together where the LSE isn't.  Very closely held and 
>illiquid but they intend to list sometime i
> 
> Please don't see this as a recommendation to buy them -  I'm passing along 
>information I got from a very good source and thought you might all be 
>interested. I don't own any - but do intend to buy LIFFE.  I was told to buy 
>them @ £4 and am kicking myself that I didn't listen.
> 
> Have a great weekend all,
> 
> Sarah
> 
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