New Zealand GDP reported last night came in at its worst in 29 years, down 1.6% in the first quarter. In the middle of this supposed recovery attempt, it is imperative for everyone to understand how to read the market during a crisis. Housing market data is notoriously slow in being reported and hence, the upcoming decline will have a long tail driven by delayed data and inaccurate reporting.
For those that paid attention to our articles throughout March and April, would know that this crisis, as much as it looked like a health crisis (at face value), was never actually about the health of the people. It was more about the health of the “system”, the health of the economic engines that drive both countries. Weaknesses in the engine are now beginning to show and that’s what we are going to cover in today’s article.
Share on facebook Facebook Share on google Google+ Share on twitter Twitter Share on linkedin LinkedIn Well that’s a vanilla flavored headline for a blog post…isn’t it? As bland as it may sound, there’s actually a method to the madness that takes place when markets begin crashing. But first…lets back the truck and talk about … Read more How To Make Money From Real Estate When The Market Is Crashing