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September 14, 2017 7:00am by David Farrar

Biggest one hour gain since March

This shows what happened to the NZ dollar after the Reid Research poll came out on Tuesday night.

That’s a huge gain.

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Comment125

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Comments (125)

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mikenmild

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Wow, a $0.005 jump!
What happened in March?
3 35
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September 14, 2017 7:01am
- srylands
  
  How can you (reportedly) hold a job as a civil servant and find the time to comment here day and night? I mean how do you manage 31000 comments and do your job that you are paid for, let alone all of life’s other demands?
  
  I assume ztev is paid to be here. But I don’t get how you do it.
  
  29 2
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  September 14, 2017 7:39am
  - Inandout
    
    Did you not ever watch “Gliding On’?
    
    27 0
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    September 14, 2017 7:51am
    - srylands
      
      Sure.
      
      However the state sector clients I work with do seem to employ people that actually do work. Many in a very dedicated manner. Perhaps I am seeing the A teams.
      
      14 1
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      September 14, 2017 8:05am
      - ztev
        
        Occams razor old frog.
        1) people arent being paid to comment\
        2) work hours may be flexible
        
        Obvious hasnt occured to you ?
        How on earth does DPF find the time to write all the posts, and who is paying him ? ( I understand its a labour of love)
        
        0 7
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        September 14, 2017 9:51am
  - RRM
    
    I knew a guy who worked for the old Housing NZ during the Labour govt.
    
    He was in their Internal Comms department. There were 14 of them apparently, he reckoned 4 of them could have done all of the work, and his in-tray was usually clear by morning tea time. So for the rest of the day he was pretty much free to surf the net and work on his own projects – as long as he had work on his screen and looked busy whenever one of the supervisors came by.
    
    25 0
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    September 14, 2017 8:01am
  - ross001
    
    Srylamds
    
    How does a defunct economist get to pontificate on the economy so often? Life is full of mysteries. 🙂
    
    4 9
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    September 14, 2017 8:29am
    - srylands
      
      Easy. Easy. Clients pay me cash to do it. Isn’t the market wonderful?
      
      Of course you are the clever sack of hammers who said, and I quote..
      
      “sellers set prices”.
      
      You will never fucking live that down.
      
      10 0
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      September 14, 2017 9:23am
      - ztev
        
        At least with advertising, those paying the invoices know that 50% is wasted.
        Economists invoices must be like Ernst and Young audits, wasted money ,the important part is butts are covered.
        
        0 5
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        September 14, 2017 10:02am
  - krazykiwi
    
    But I don’t get how you do it
    
    I do. It’s called theft.
    
    6 2
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    September 14, 2017 8:32am
  - Liberty
    
    Perhaps Mikenmild works for one of departments that are surplus to requirements.
    Such as Radio NZ, TVNZ ?
    
    11 0
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    September 14, 2017 8:50am
    - ztev
      
      You do know the Jason Ede was employed by the 9th floor of the beehive to supply national friendly blogs such as this with plenty of material attacking their opponents.
      Now THAT was on the taxpayer dime!
      
      0 7
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      September 14, 2017 10:05am
      - srylands
        
        That rings a bell. Is that an allegation from that rat faced nut Hager?
        
        6 0
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        September 14, 2017 11:08am
      - Liberty
        
        So what’s the problem. How else is the electorate going to be informed.
        As the main stream media is infested with pinkies with a Marxist agenda.
        It is also interesting how you are so concerned about political plants.
        How soon after the election will you be disappearing into the never never
        
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        September 14, 2017 11:17am
- srylands
  
  You must be looking at a different chart.
  
  7 1
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  September 14, 2017 7:42am
Rich Prick

Sorry, that was probably just me picking up a shitload of USD following the “commie chick from NZ” being elevated to goddess. Once Cindy fucks the NZD I’ll be a pig rolling in shit. In much the same way Helen Clark rooted Air NZ shares in a week and gave us the opportunity to X5 invest. I do like Labour sometimes.
36 1
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September 14, 2017 7:06am
- GazzaW
  
  I look back with great fondness to when Labour in concert with the Greens and NZF talked down the value of MRP (now Mercury) and Meridien shares prior to partial privatisation with threats of nationalisation. It enabled me and thousands of other small investors to buy far more shares than we otherwise had planned on.
  
  The real bummer though was that the political machinations of Labour and their mates cost the NZ public the equivalent of a couple of new hospitals or half a dozen new schools.
  
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  September 14, 2017 7:26am
  - Rich Prick
    
    Oh yes, I enjoyed that too. I blush at not voting for the fools who deliver such returns to me. They deliver every time.
    
    19 0
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    September 14, 2017 7:31am
  - marquess
    
    If the nats thought they could get a higher price, they shouldn’t have sold. It wasn’t Labour’s fault that the nats (only?) policy was so weak a few Green MPs could upset it.
    
    2 20
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    September 14, 2017 8:30am
    - Don the Kiwi
      
      Marquess – one of our economy illiterate leftist geniuses.
      
      14 4
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      September 14, 2017 8:47am
    - Rich Prick
      
      My capital gain on MRP has been astronomical and I really ought to thank Labour and the Greens for shanking the list price. It meant I could by five times more shares than I hoped for. Cheers marquess, you guys are stars. That was awesome.
      
      15 0
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      September 14, 2017 8:49am
    - GazzaW
      
      You’re a very strong argument for the introduction of compulsory economic literacy into our school curriculum marquess.
      
      11 0
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      September 14, 2017 8:53am
      - marquess
        
        mr joyce should have probably tried harder at University economics – supply and demand dictates that when supply of a single asset class increases, its per unit price decreases.
        
        1 12
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        September 14, 2017 9:05am
      - Raphael
        
        @Gazza, do you think she would get past the basic one of “There Ain’t No Such Thing As A Free Lunch” (tanstaafl)
        
        Everything has a cost.
        
        3 0
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        September 14, 2017 9:37am
    - srylands
      
      The only reason you get away with that crap is that the unwashed don’t realise that Labour transferred a mountain of cash from the taxpayers to the share buyers.
      
      6 0
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      September 14, 2017 9:27am
      - ztev
        
        national sold the shares, labour didnt make them do it.
        Good to see you see such value in a business still controlled by the state.
        Has Bill been clear about asset sales after the election , or will that be worked out ‘after the election’ by a working group
        
        1 4
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        September 14, 2017 10:13am
  - artemisia
    
    Me Tu. Ooops sorry that just popped out. Meant to say yep I also did well.
    
    4 0
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    September 14, 2017 9:43am
- Bill Courtney
  
  You do realise that if you were actually “picking up a shitload of USD” then the NZD would have FALLEN and not risen, as you sold it down so heavily?
  
  6 18
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  September 14, 2017 7:35am
  - Rich Prick
    
    Fool. Your NZ pesos will be worthless, and I’ll be holding proper non-communist currency. Fuck you’re either thick, or a union economist.
    
    19 3
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    September 14, 2017 7:58am
  - Rich Prick
    
    Fuck me, I just re-read your comment. Jesus. So you think buying a USD at 76 cents is worse than buying one $1.30. Yip, union economist. Just as I thought. No wonder you lot can’t even articulate tax policy. Heaven help NZ if your lot run treasury. Well, actually it would be great for people like me. Let’s do this!
    
    17 2
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    September 14, 2017 8:11am
    - marquess
      
      …says the guy who hasn’t clicked that selling NZD doesn’t make its value appreciate ?
      
      3 11
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      September 14, 2017 8:29am
      - Rich Prick
        
        Jesus, another illiterate. Where do you find these trolls DPF? Once you sell a NZD you no longer own it. But you do have better dollars these fools can’t fuck with. Christ, I’m only a part time fx dealer, here are Labours “experts”. Let’s hope they aren’t on the tax committee.
        
        9 3
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        September 14, 2017 8:52am
      - marquess
        
        Hey prickly, if I say to you “supply and demand”, and “increased supply”, and “impact on price”, what do you think they mean, when put together?
        
        1 11
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        September 14, 2017 9:09am
      - Rich Prick
        
        1 + 1 = 6, cabbage + carrot = blue. What the fuck is your point?
        
        6 0
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        September 14, 2017 9:14am
    - ztev
      
      Stand by for Colmar Brunton tonight ?
      
      Its meaningless of course, for most they arent buying real dollars, thats for fools like rich prick, the real money is buying the futures where they can buy and sell with a fraction of real money
      
      1 4
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      September 14, 2017 10:17am
      - Rich Prick
        
        ztev, I can only assume you get your only joy from being double jointed and doing wierd shit to yourself.
        
        2 2
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        September 14, 2017 10:41am
- dime
  
  heh Dime is picking up a lot of forward cover for the business for next year. just in case the unthinkable happens.
  
  id rather lock in the rates now, may miss some upside but thats much better than buying USD at 65 or lower. yikes.
  
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  September 14, 2017 9:12am
  - Gabby
    
    heh dim’s gettin greedy
    
    0 2
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    September 14, 2017 11:23am
Doubledimp

I can almost hear Robbo saying “well, the markets are just h8ters today 🙁 🙁 :(“.
21 0
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September 14, 2017 7:09am
- GazzaW
  
  I blame John Key.
  
  19 0
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  September 14, 2017 7:16am
  - Paulus Gnome
    
    John Keys, even after nine years the leftist ftards could never get it right
    
    6 0
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    September 14, 2017 8:31am
  - Raphael
    
    Yup, he sold his mansion to a foreigner. (did you see the hate being poured on him for that?)
    
    1 2
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    September 14, 2017 10:03am
    - ztev
      
      Lots of those deals have fallen over as they cant get the money out of China.
      Hope he got the 10% deposit in one go and wasnt drip fed.
      The good bit is the subdivision of one corner is taxable
      
      1 4
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      September 14, 2017 10:20am
MrTips

That’ll be the bwruddy Chinese military spruking the market again. Making Loads’O’Yuan™ thanks to Jian.
Same with John Key.
They must be stopped.
Vote for me.
My grandad says so.

And DPF, can you also load the GNS drums file picking up the Labour Party nappies hitting the floor after this?
20 1
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September 14, 2017 7:09am
Captain Mainwaring

DPF, it would be interesting if you could show us a graph starting the day before Cindy took over the leadership.
10 0
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September 14, 2017 7:14am
- Ross12
  
  Captain
  
  You can have a look and play with this converter
  Maybe not as fine as you would like with the graphs but gives you an idea
  http://www.x-rates.com/graph/?from=NZD&to=USD&amount=1
  
  2 0
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  September 14, 2017 8:21am
Dany

and we haven’t even tried yet true neoliberalism!
10 0
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September 14, 2017 7:15am
- srylands
  
  We haven’t tried ANY in a long time.
  
  4 0
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  September 14, 2017 7:46am
  - ztev
    
    Thats what happens with things that dont work.
    Even why they play at politics Economists find their ideas and training dont work. Brash and Morgan come to mind
    
    0 4
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    September 14, 2017 10:23am
Nigel

Looks like someone gambled or programmatic trading to me, it dropped back after 12 hours.
I’m wary of short shifts like this.
Mike, that’s over 1/2 a percent spike, no small jump for a currency, if it’d not dropped right back, I’d call it significant.
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September 14, 2017 7:19am
- mikenmild
  
  That’s why I asked if anyone remembered what happened in March of similar significance. Anyone? No?
  
  2 11
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  September 14, 2017 7:22am
  - Rich Prick
    
    First quarter US economic data following our Orange Overloard’s election. And the results were that the US was doing particularly well, nothing to do with NZ. Remember, were a pin-prick on the world’s arse.
    
    13 3
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    September 14, 2017 7:26am
    - mikenmild
      
      So, nothing of significance, then. Good to place these ephemeral currency movements in context.
      
      2 15
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      September 14, 2017 7:28am
      - Rich Prick
        
        But it’s yuge once it’s all resting in my account. Cheers Labour. Have you ever thought of giving it a go Mike?
        
        8 3
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        September 14, 2017 7:32am
      - Simon
        
        The big usd play is Trump getting his tax reforms through. If it successful the usd will soar. Otherwise its business as usual.
        
        Most of Asia has borrowed in usd hence they are short usd it all a bit shaky.
        
        7 2
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        September 14, 2017 7:33am
      - MrTips
        
        You really don’t understand how vulnerable the NZD is do you MM? And why its such an attractive target for ForEx, carry and related trading?
        
        12 1
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        September 14, 2017 7:35am
      - Rich Prick
        
        MrTips, exactly. And I love it. We should be thankful for Cindy and Labour.
        
        2 4
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        September 14, 2017 7:48am
      - Nigel
        
        Nothing of consequence ?, it was a huge story & in a connected world the flow of capital is a massive factor in currency values.
        
        2 0
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        September 14, 2017 9:28am
      - ztev
        
        same used to happen in shre markets, underlying economy had very little to do with some changes.
        Others were because of ramping where values of
        share investments needed pumping up for a few days for the numbers going into company reports
        
        2 2
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        September 14, 2017 10:26am
  - dime
    
    dead serious. i cant remember what happened? we def dropped, but the US was surging.
    
    what happened here to lower the dollar?
    
    1 0
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    September 14, 2017 9:13am
gump

Why is National so eager to put farmers under financial stress?

Higher NZD = lower prices for exporters
6 13
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September 14, 2017 7:19am
- kowtow
  
  Gump is quite right.
  
  Our media (shallow fuckwits that they are) report a strong NZ $ like a sports result .
  
  We are an export economy so a rising or strong NZ$ is bad news for the economy.
  
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  September 14, 2017 7:43am
  - cmm
    
    But if you’re unemployed or on a fixed wage then a higher NZ$ means you get more flatscreen for your money.
    
    They don’t look at the whole economy.
    
    4 0
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    September 14, 2017 8:06am
  - marquess
    
    It certainly makes the pensions that lawyers and accountants get sweeter though. A stronger NZD means they can afford the 4 day Santorini Stopover on the way back from the Mediterranean cruise
    
    7 1
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    September 14, 2017 8:37am
Bill Courtney

What a ridiculous posting!!

The dollar gained about 0.7% from 0.7218 to 0.7270.

Last night it fell about 0.8%. Will the next posting be about the dramatic fall?
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September 14, 2017 7:26am
- ross001
  
  Consistency from DPF? You’re asking for a lot, Bill.
  
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  September 14, 2017 7:50am
  - GazzaW
    
    DPF seems to be consistent enough to keep you hanging around ross. You could consider fucking off to Whaleoil but your party political trolling would see you banned within the day.
    
    6 0
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    September 14, 2017 9:00am
- Garbageman
  
  The only dramatic fall will be if the shower of shit that is Labour potentially looks like governing and as that is not going to happen you have nothing to worry about Bill
  
  10 3
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  September 14, 2017 7:50am
- Rich Prick
  
  Fiscally illeiterate commies on a right of center blog. Tee hee.
  
  10 3
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  September 14, 2017 8:28am
  - marquess
    
    illeiterate
    
    3 8
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    September 14, 2017 8:39am
  - Gabby
    
    You a seven finger typist pricky.
    
    2 5
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    September 14, 2017 8:58am
    - Rich Prick
      
      Hey, this year has been so good I’m thinking of taking on a typist. Annual salary $250k. Car. Parking. But your application and CV should be on soft 3 ply. I am hiring though.
      
      5 0
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      September 14, 2017 9:26am
- Rich Prick
  
  Well being a unionist with 50 cents in his post office savings account, those movements would mean nothing. For those of us who trade in slightly larger sums …
  
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  September 14, 2017 9:22am
- Gabby
  
  How was sterling doing over the same period.
  
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  September 14, 2017 11:26am
eszett

And the scaremongering is continuing unabated.
“Look! The sky is only not going to fall if you vote National!”

National must be really worried.
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September 14, 2017 7:28am
- srylands
  
  Smart people don’t “worry”. They see problems and address them. Or anticipate problems and act.
  
  And no the sky can fall in at any time. If it does I would prefer to have Bill English to deal with it. Simply because he has a track record. One that will inevitably result in a knighthood at some point in the future.
  
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  September 14, 2017 7:52am
- GazzaW
  
  Fucken hell. Three trolls in a row. All we need is Milky & ztev to chime in and we’ve got a full house. All being done in the boss’s time and on his PC no doubt.
  
  6 1
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  September 14, 2017 9:02am
  - eszett
    
    Yeah, you just gobble down any BS uncritically that is served up by DPF
    
    Here have a look at the exchange rate variation over a year.
    
    http://www.xe.com/currencycharts/?from=NZD&to=USD&view=1Y
    
    But yeah, the jump on the day of the poll is soooooo significant. Because, you know, National.
    
    Yeah, right.
    
    Bon Appétit.
    
    1 3
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    September 14, 2017 9:37am
duggledog

That’s right Rich Prick. The illiterati like Mikenmild always fail to see what their socialist ideologies reap for those with the wherewithal.

Me, I’ll be buying a farm in three – four years time if they get their wish. The sad part is, the poor suckers that think Labour will make their lot better, are in for rent increases, food price increases, petrol, you name it.

But they’ll get free tertiary! Awesome.
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September 14, 2017 7:31am
- Rich Prick
  
  Thankfully Mike and his socialist mates won’t see a cent of what I make out of their politics. It never comes home. Sorry Cindy. Nice smile though.
  
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  September 14, 2017 7:38am
- srylands
  
  True that. It is depressing that the poor always pay the price for poor public policy. That they vote for!
  
  My father in law, 91, became very wealthy as the holder of import licenses in the 60s and 70s. On the back of the poor paying through the nose for everything.
  
  8 2
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  September 14, 2017 7:57am
  - Rich Prick
    
    For every age, there is a man. A man who will do better out of their policies than their idiot voters. Commies never quite get that.
    
    7 1
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    September 14, 2017 8:31am
- Rachael Membery
  
  Decided by Winston I guess.
  
  1 1
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  September 14, 2017 9:26am
Short Shriveled and Slightly to the Left

Today is going to be a great day. Any day that Bill Courtney is triggered is a great day.
19 1
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September 14, 2017 7:36am
- SteveRemmington
  
  Poor old Bill is still angry at those selfish little scrouts at Vanguard School doing well on the News.
  
  Damn kids, who gave them the right to better themselves aye Bill.
  
  14 2
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  September 14, 2017 7:55am
ross001

Children sleeping in cars or motels will no doubt be delighted with that news, David. Good to see you have your priorities right, as usual.
4 18
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September 14, 2017 7:49am
- Garbageman
  
  Cmon now Ross your voting base should be grateful our generous Govt gives them a roof over their heads food in their bellies clothing employment opportunities etc etc just so they can breed more and make yet more shitty life choices, im sure the lure of all that free stuff will be tempting but it might be a bit hard for Labour to motivate them into the voting booths or will Labours new campaign strategy be to go car & garage door knocking (with camera crew at the ready of course)
  
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  September 14, 2017 8:03am
  - cmm
    
    Correct.
    
    We can only afford generosity if we are wealthy as a whole.
    
    If it turns to Venesuela then it is every (wo)man for himself.
    
    9 2
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    September 14, 2017 8:08am
    - Gabby
      
      You know how that goes when there are way more have nots than haves don’t you cmmiebokkie.
      
      0 5
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      September 14, 2017 9:02am
- Mobile Michael
  
  How did Labour help Rob Jones (aka Bucket Man) who died in a Wellington gutter in 2003, or Ben Hana (aka Blanket Man) who lived with about 10 other homeless in the Cenotaph grounds right by Parliament in 2002, before being moved to Cuba Mall?
  
  I don’t believe in stardust being able to fix everything. It will take a generation to unwind the perverse incentives of the Welfare State and only National are actually doing that.
  
  13 1
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  September 14, 2017 8:04am
  - marquess
    
    Interesting that you’re able to name the specific people you feel were disadvantaged under a Labour government. It’s somewhat harder when they number in their thousands, as the nats have overseen.
    
    2 10
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    September 14, 2017 8:42am
    - dime
      
      “Interesting that you’re able to name the specific people you feel were disadvantaged under a Labour government.”
      
      heres another name for ya..
      
      DIME!!!
      
      evil woman and that dwarf historian taxed the living fuck outta me!
      
      8 2
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      September 14, 2017 9:15am
      - Gabby
        
        dim’s gettin entitlitis
        
        1 2
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        September 14, 2017 11:27am
    - Rachael Membery
      
      Where are their families?
      
      1 1
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      September 14, 2017 9:28am
  - Gabby
    
    Were you the nice fellow who gave the bucket and blanket mobie.
    
    1 2
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    September 14, 2017 9:04am
- labrator
  
  Aren’t you the guy that wants those kids sleeping rough to also be unvaccinated? Please, tell me more about priorities.
  
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  September 14, 2017 8:05am
  - ross001
    
    Vaccination is a personal choice. But you still havent produced any figures showing how many people have died of mumps or measles lately. Possibly because there havent been any. And where are the epidemics among the old timers who may have been vaxed decades ago for whom any protection will have long since disappeared? They dont seem to get such diseases. One case of measles or mumps seems to make the news. Which just goes to show how rare these diseases are.
    
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    September 14, 2017 8:40am
    - labrator
      
      Your honour, I rest my case.
      
      8 0
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      September 14, 2017 8:52am
    - Rachael Membery
      
      So no immigrants, who have not been vaccinated, have died of those diseases here either, amazing?
      Something to look forward to going forward then.
      
      4 0
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      September 14, 2017 9:43am
- Rich Prick
  
  Cars? What are the useless parents doing wrong? Motels? The useless fucks should be grateful we’re picking up the tab on check out. Yes, methampheamine is $1,000 a gram. Which makes life a bit hard for some. I have bottles of wine worth close to that. The difference is I can AFFORD the wine without expecting every other taxpayer helping out.
  
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  September 14, 2017 8:36am
  - Gabby
    
    You’re stepping up the rich bragging pricky. How come?
    
    1 7
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    September 14, 2017 9:05am
    - Rich Prick
      
      I’ve just paid for a new boat sweetheart, and am in the UK to check it out before it heads to NZ, receiving a boat is a very complicated thing. But otherwise not terribly interested in what you have to say. I am looking for a cook though, you any good?
      
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      September 14, 2017 9:52am
DifferentPerspective

Yes – a bit weak really.

I’m sure it was attributed to the poll.

But the markets can be awfully dumb at times. For instance, the market’s tanked when it was clear that Trump was elected, now they’re riding high and still going on full afterburners with the economy as strong as it’s been in ages, illegal immigration falling and more Americans finding work.

Not that for one second am I saying that Taxcinda would achieved anything other than a massive fiscal blackhole, zero growth and erosion of capital value. As much as she may be flattered by the comparison to Trump, it stops dead at the immigration issue, she wants to MNZPA (Make NZ Poor Again)
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September 14, 2017 7:49am
ross001

A little parable:

It’s a slow day in a little Scottish town. The sun is beating down, and the streets are deserted. Times are tough, everybody is in debt, and everybody lives on credit.

On this particular day a rich tourist from down south is driving through town. He stops at the motel and lays a £50 note on the desk saying he wants to inspect the rooms upstairs in order to pick one to spend the night.

As soon as the man walks upstairs, the owner grabs the note and runs next door to pay his debt to the butcher.

The butcher takes the £50 and runs down the street to repay his debt to the pig farmer.
The pig farmer takes the £50 and heads off to pay his bill at the supplier of feed and fuel.

The guy at the Farmer’s Co-op takes the £50 and runs to pay his debt to the local prostitute, who has also been facing hard times and has had to offer her “services” on credit.

The hooker rushes to the hotel and pays off her room bill with the hotel owner.

The hotel proprietor then places the £50 back on the counter so the rich traveller will not suspect anything.

At that moment the traveller comes down the stairs, picks up the £50 note, states that the rooms are not satisfactory, pockets the money, and leaves town.

No one produced anything. No one earned anything. However, the whole town is now out of debt and now looks to the future with a lot more optimism.

And that, folks, is how the National Party has run the country for the last 9 years…
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September 14, 2017 7:54am
- labrator
  
  Freud would have a field day with your Scottish hooker fantasy.
  
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  September 14, 2017 8:08am
  - ross001
    
    Hmmm you noticed it. I plead guilty your honour. 🙂
    
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    September 14, 2017 8:42am
    - labrator
      
      Reds in the bed beats reds under the bed.
      
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      September 14, 2017 8:53am
- Garbageman
  
  Yeah na that old “parable” is off an old communism poster but a slow clap for trying Ross it seems your mob is a tad grumpy today has the realization that they will have another few years on the opposition benches finally hit home
  
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  September 14, 2017 8:10am
- Short Shriveled and Slightly to the Left
  
  There goes the stupidest thing I’ll read today.
  
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  September 14, 2017 8:33am
  - AgentBallSack
    
    There’s still plenty of day left and the trolls are trying hard.
    
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    September 14, 2017 9:55am
  - Gabby
    
    You should proofread.
    
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    September 14, 2017 11:29am
- Don the Kiwi
  
  That’s funny.
  How then have my three kids really prospered over the past 9 years, after the Clarke/Cullen politburo left the country in deep shit?
  Oh, that’s right, we had a National govt. that understood economics which enables people to prosper, and at the same time enable the society to look after those who are less fortunate, or less willing to bend their backs.
  
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  September 14, 2017 9:11am
- Rachael Membery
  
  Please no earthquakes between now and 2020.
  National knows how to cope with them, Labour would have to entirely rely on the experts already put in place by National.
  Oh and as for politicising Pike River, what a shame that the families let themselves be used like that.
  Is Winston going too?
  I lived in Blackball for a while in the late 8o’s, lovely little place, one of the old timers that I spoke to gave me the flag from the march when Labour was born, (catchy that) I hope that the Hilton Hotel has kept it safe after I gave it to them.
  I probably didn’t appreciate the significance of what it was, I was in my late 20’s at the time, but nobody else had cared about it either.
  
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  September 14, 2017 9:53am
- Flash
  
  Internal churn – the money goes down and around, as you say.
  NZ gets rich when goods are exported and debt is reduced.
  NZ becomes poorer when more goods are imported than exports can pay for, or when the interest on money borrowed is greater than the amount of export income earned can pay for.
  Well, that’s my simplistic take on it anyway.
  
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  September 14, 2017 2:35pm
softail 1450

I’m quite relieved ,that’s how we run our household and it works out fine …
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September 14, 2017 7:59am
- ross001
  
  You run your household on credit? Whatever works for you.
  
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  September 14, 2017 8:44am
Odakyu-sen

A jump from 0.722 to 0.732 is a 1.3% rise.
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September 14, 2017 8:28am
- dime
  
  lol dont tell milky. he thinks its nothing.
  
  if he was buying in 100k lots to pay for imports like some of us then he may notice the extra $ in his pocket.
  
  but hey, whats a shitty grand…
  
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  September 14, 2017 9:17am
- Rich Prick
  
  I’m up soooo, much so far, I might be getting an extra jet ski. Thanks Cindy.
  
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  September 14, 2017 10:53am
RRM

Whenever someone shares their screen like this, I can’t help scanning to see if they’ve got any embarrassing tabs open in the background, e.g. Bangbros, the standard etc.

(Not such an issue with smartphone screenshots obviously!)
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September 14, 2017 8:41am
- dime
  
  tranny porn considered a jackpot. not something a dude can live down
  
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  September 14, 2017 9:17am
  - Gabby
    
    dim’s gettin libidinous
    
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    September 14, 2017 11:30am
Manolo

It could easily go down to 68 or 69 cents if Labour wins. Price of petrol (and other imported goods) to rise accordingly.
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September 14, 2017 9:35am
- Piniwi
  
  True Manolo. That is a strong possibility. A Labour Government could manage that by Christmas and you know how fast the oil companies push their prices up. You wont find them saying that at The Standard though so the troll will miss that.
  
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  September 14, 2017 4:19pm
Piniwi

Having got past all the trolls thanks DPF and we seem to use the same app for monitoring monetary values.
It was always a moment of panic when the Media party shouted about a slump in the NZ dollar. They never seem so excited about upward movements and missed the one you singled out.

We see from the trolls they have no awareness or comprehension of the money markets. We see how well exports compete so well above NZ$0.71/US$1 as well as tourists satisfaction in the exchange rate.

Suspect you will also be familiar with the exchange rate band the money markets expect the NZ$ to trade in. Hence the indication of the latest poll of the stabile Government being continued immediately restored confidence in our currency. You will also understand the importance of such confidence in a market where so many currencies lack that benefit.
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September 14, 2017 4:15pm

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