Falling Rates, Bond Market Manipulation, and the future of NZX: What the US Election Means for Bitcoin and Beyond

In this conversation, Darcy Ungaro and Rupert Carlyon discuss various topics including falling interest rates, allegations of bond market manipulation by ANZ, the great stock rotation, takeover interest in NZX-listed companies, and the impact of the US election on Bitcoin. They explore the reasons behind falling interest rates and the reluctance of banks to pass on the rate cuts to consumers. They also discuss the lack of transparency in the bond market and the need for better regulation. The conversation highlights the challenges faced by the NZX and the potential solutions to revive the market. Finally, they delve into the implications of the US election on the cryptocurrency market, particularly Bitcoin, and the potential policies that could be implemented by the candidates.Key Take Aways:Interest rates are falling, but banks are reluctant to pass on the rate cuts to consumers, which raises questions about their motives.Allegations of bond market manipulation by ANZ highlight the lack of transparency in the bond market and the need for better regulation.The NZX is struggling, and there is a need for government intervention to support small cap funds and encourage investment in local businesses.The US election has the potential to impact the cryptocurrency market, particularly Bitcoin, and the policies of the candidates should be closely watched.The conversation highlights the interconnectedness of various financial markets and the need for investors to stay informed and adapt to changing conditions.