Is the recession over?

By Kerry

I have the answer to any kiwis poverty problem. Its an age old solution which works, and most Kiwis will not examine it.
Those that have are the smart ones.
All power to you who do not keep your head up your anus.
There is no such thing as poverty.
Contact me if you are not stupid.
My people earn more in one month than Michael Laws does in a year.
You have been given the chance.
If you are not interested, piss off.
Heres my email: triggerkw@woosh.co.nz
Once you learn how this is done, and follow some simple rules, you WILL prosper this year.
Once again- if you dont think its genuine: Piss off.

By kane

If the recession is over. I have yet too see the drop in prices for food manly dairy products.. I was told these high prices were due too the recession.. Yet no change in these at this time....

By Chris

Well of course the recession is over, that is clear.

NZ got of very lightly in the recession, I have yet to meet a person who was effected by the recession.

By Tommy

Don't believe the Hype. It is just going to be a slower decline then expected. When Americas currency collapses and replaced by the AMERO we will feel the effects for sure. NWO is coming people.

By bev

I don't think the recession is over. I looked at my bank statement the other day and the bank is charging me a lot more interest. So maybe for the banks and similar institutions the recession is over, but for the average New Zealander things keep getting worse. At the end of the day who knows what is going on in this country as financial news reports manage to sanitize the truth and substitute it with their own truth. One example is an article in the paper the other day which said "Wage rises will push most Kiwis into the top tax bracket with 15 years..." However to come up with this statement treasury shows that the average New Zealand wage will top $70,000. Then they say that the present average wage is $49,500. My point is that there are not many people who are on that wage in New Zealand which means that most wage earners will not be in the top tax bracket in 15 years. Other news suggests that the recession in over or that the recession isn't that bad,but try telling that to those who have lost their homes in mortgagee sales, those who no longer have a job because their company has either gone off shore or has gone bust, or those that can not get the medical attention they need because they can't go private. Try telling those who will end up having Christmas day at one of the charitable organisations or those that will settle for a pie or bake beans on toast. I don't think the recession is over, I think that it is just beginning.

By v

Technically on paper it may be over, but in the real world, people are still being made redundant, prices are rising, wages are not increasing and people are hurting. So when the politicians 'bleet' the recession is over, good news - is it really good news. What works 'on paper' doesn't necessarily help those made redundant or who are struggling to pay the bills or find work - it is little comfort to them to know the recession is 'technically' over.

By stu

recession is far from over. the fed have injected trillions of dollars which at some stage must create huge inflation. the collapse of the fed dollar will and, even now, is going to create global consequences. one of the few and most simple ways to hedge against the loss of purchasing power is to hold physical bullion. (gold and silver). I have drawn my retirement savings and invested in silver bullion and realized %20 over the last 4 months. Beat that property investors!! We cannot expect to borrow billions of dollars (at taxpayer paid interest)to pump our economy without experiencing inflation at some stage. Watch people squirm as the government starts to raise interest rates to try and reel in runaway inflation. Why are we ignoring the facts of what huge borrowing does to the purchasing power of currency. Look at history for plenty of examples.

By Ian

I'd estimate the industry I'm in - printing - is still down around 20% due to recessionary factors. And there's not a lot out there to fill us with any great confidence. I reckon we've a way to go yet, although I'm not sure we should be trying to get back to where we were pre-recession...the lack of savings and penchant for living on credit is, realistically, unsustainable.