Sunday, March 23, 2008

Black Hole

Black Hole is a surprisingly depressing book all through the story with the only glimmer of hope appearing towards the end of the book. I picked up the book based on the fact that David Fincher is making it into a movie and it definitely piqued my interest. The book has stunning art work and it is all beautifully rendered in black and white. It is high school life in the 70's that heightens the sense of dread and alienation and inevitability. It is a good read but depressing nonetheless. I am currently reading 'Out Stealing Horses' and it is a lovely book. It has sucked me right into the story from page one. Let's see how it shapes out.

Finance markets all over the world seem to be in a tumble and more so in New Zealand where the NZ Dollar is fluctuating at a all time high against the US Dollar. It is a mixed blessing as it is keeping the petrol prices in check for now but at the same time hurting the exporters. What this has also meant is that anyone who owns a house through mortgage [which would be about 90% of the NZ house owners] is starting to feel the hurt because of the high interest rates offered by Banks because of Reserve Bank regulations and also rising prices of essential commodities. Now it takes about 75% of the take home pay to keep servicing the mortgage prices, which is not ideal at all plus defaulting on the mortgage would mean a mortgagee sale of the house - which is terrible. The housing market has slowed down and hopefully the house prices will go down over the next 5 years to bring some sanity to the current housing market in NZ. On the other hand it is probably a good point to invest in the stock markets - the share prices are falling and it is a risk worth taking - if you pick the right portfolio then you will reap a good profit in 5 years time. Higher risk = Higher profits or Higher losses - all a matter of timing, judgement and luck. Just realized that it was a pretty random rant from me about finance.

Time to sign off,
Amit

Labels: ,

0 Comments:

Post a Comment

<< Home