Posted on 09/18/2017 2:10:48 PM PDT by Redmen4ever
The NZD has struggled for direction despite consumer confidence hitting three year highs.
(Excerpt) Read more at exchangerates.org.uk ...
From a high of 75.06 cents against the US Dollar, on July 28, the New Zealand Dollar fell to 71.67 cents on September 1. During this period, the New Zealand Labour Party under Jacinda Ahern caught up to, and possibly moved ahead of the National Party. But, since then, the New Zealand Dollar has appreciated to 72.79 cents, indicating that National has at least stopped the bleeding and may be rebounding.
Is New Zealand, already down under, gone under, or will the Kiwis dodge a bullet the way we did last year?
Can Bill English, leader of National, man up and campaign into the night the way our guy did, or will our counterparts in New Zealand be the ones asking "What Happened" six months from now?
NZ is too socialist to ever recover. I was told this by an expat Kiwi.
They are still eating the seed corn that was stored up during the “neoliberal” policies of the 90s. What happens when they run out of other people’s money (i.e. capital flows stop supporting the NZD)?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.