Forum Archive Index - May 2004

["Duncan MacGregor" <d-m_macgregor@xtra.co.nz>]

HI ROBIN
               THE REASON MY CHOICE OF PORT COMPANY IS PORT OF TAURANGA IS IT IS THE BEST
RUN PORT IN THE COUNTRY.  WHEN THE LOGS START TO ROLL ITS NUMBER ONE.
THEY HAVE TAKEN A LOT OF TRADE FROM POA LATELY AND UNLIKE LITTLETON THEY
DONT HAVE A POMME UNION TO FIGHT AT EVERY TURN.   I EXPECT THE EXPORT MARKET TO TAKE
OFF WITH HIGHER INFLATION.           POT IS IN THE BOX SEAT IN THE LONGER TERM.   FARM AND
FORESTRY COMPANIES ARE AT THE BOTTOM OF THE CYCLE AND MY OPINION SAYS WATCH THEM RISE.
THE HOUSE BOOM IS OVER PEOPLE HAVE LEVERED THEMSELVES INTO RIDICULOUS POSITIONS.
LOTS OF PEOPLE HAVE BOUGHT WITH THE EXPECTATION OF EVER INCREASING GAINS AND
WILL SOON FIND THE INTEREST RISES WILL PUT THEM UNDER.   THIS WILL RESULT IN MORTGAGEE
SALES A DROP IN THE PRICE OF HOUSES AND PRESSURE ON BANKS ETC.  MY IDEA IS UNDERSTAND
WHEN TO JUMP SHIP NOTHING LASTS FOR EVER.   HOUSE SALES DROPPED OVER 15PC IN APRIL
TAKE THE HINT HAVE A RETHINK WHERE WE ARE HEADING AND CLIMB ABOARD.
                                            sCHEERS MACDUNK