‘What's Terry Reading’ Archives
Budget 2010: Business tax guide »
Some highlights from the Budget according to the Herald. The company tax for most firms falls from 30 per cent to 28 per cent next April, stealing the march on Australia and worth $340 million to business next year and $450 million the following year before falling to $305 million in 2013/14. This has the effect of spreading a general [...]
Our Dollar Tumbles »
The New Zealand dollar continued its downward slide against most major currencies overnight as worries over the euro spooked investors back to the safe haven currencies of the US dollar and Japanese yen. There was a flight from currencies that benefit from increased risk appetite such as the Australian, Canadian, and New Zealand dollars, and [...]
April Real Estate »
Recent comments from BNZ’s confidence survey results issued at the end of March around the property market included: Real estate appears weak with few buyers; Things appear to be on hold until the budget in May due to the tax changes; The comments from the survey in general suggested that the economy was improving slowly. There is a [...]
Mortgagee Sales »
New figures released from Terralink indicated that there were 196 registered mortgagee sales in January (150 in January 2009). The number of monthly mortgagee sales in January was down on previous months as January is traditionally a quiet business month. Year on year mortgagee sales are up 31% compared to the previous year.
Did You Know »
Based on an average house price of $350,000 and an annual average wage (based on $19.79/ hour), you would need to work 17,680 hours to pay for the average house. This is almost three times more than what was required in 1960. This is based on a 40 hour week, and not allowing for spending or taking into account interest. This equates to [...]
Two Different Approaches, Same Results »
By Rick Pendergraft Just a few days ago, Karim Rahemtulla, one of my counterparts at Mt. Vernon Research, stopped by our office in Delray Beach, FL to say hello. I think he was only looking for some chocolate, but, as is often the case when two traders get together, the conversation turned to the market. It turns out we were both trading the S&P [...]
Futuristic Leaders »
There is a big difference between routine, run-of-the-mill leadership and futuristic, out-front leadership. Leadership is not a job title. Leaders routinely hold executive positions, but routine leaders rarely renew their organizations to attain fresh success in an ever-changing world. Routine leaders tend to manage the status quo, and thus fall [...]
Stagflation. What Is It »
Stagflation is an economic situation in which inflation and economic stagnation occur simultaneously and remain unchecked for a period of time. The portmanteau "stagflation" is generally attributed to British politician Iain Macleod, who coined the term in a speech to Parliament in 1965. The concept is notable partly because, in postwar [...]
Reading Between the Headlines »
It's All in Your Interpretation By Eric Daniels EWI Instructor Have you ever read that ominous headline, “Home prices fall 15.8% in the past year: Case-Shiller”? How about, “Home sales, prices plunge in August”? You have read these headlines the same as I have, but the question remains… what does this mean to me as an [...]
House prices start to bounce back »
House prices in Auckland and nationally are up and agents say a rosier picture of the market is finally beginning to emerge. Auckland prices rose from a median $420,000 in September to $433,000 last month and the national median nudged up from $330,000 to $335,000. Real Estate Institute figures out yesterday showed price rises in five [...]
