Yeah when you have an open but small economy, you are ripe for picking by countries that are large and rich, unfortunately cuz you don't have much leverage but I still felt the NZ dairy industry should've banded together to have a stronger bargaining position at least.
The baby formula price has skyrocketed. If NZ cannot make money at this rate, then I don't know how are they going to stay in dairy business.
https://www.barrons.com/articles/u-...t-spells-trouble-for-chinese-adrs-51639441617 There you go. Looks like we don't really have to stay on guard much anymore. LOL
These are the people who invested in MBS and CDO's and all kinds of derivatives on s*** that they know are s***. Not the best people to rely on for assessing what's dangerous or not. That $700 billion, I hope they've prepared to write off at least 50% of it.