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Economic Weather Report: Government bond yields rising
Bernard Hickey delivers an economic weather report (watch here) on rises in New Zealand government bond yields as it embarks on a NZ$40 billion borrowing programme over the next 5 years.
Click here for an interactive chart on these bond yields.
2 Comments
I am gonna shout, cos
I am gonna shout, cos some people are deaf, dumb and BLIND and STUPID and most of em work for YOU.
Here is a simple reason and example why we have to borrow another 40 billion and HIDE it from the Public ...ie TAXPAYERS....... cos they are gonna pay for it.
Take Rodders...as just one example.
Remember this is without PAY,PENSIONS, PERKS,WASTAGE.
One trip overseas.......25K X2 =50K.
Using the MORTGAGE CALCULATOR on this site...
At 7% interest, conservative maybe...who knows..anymore..
(I paid 17% for mine when I had one...maybe you will again....)....read on...
for 25 Years....Because this may never get paid back in RODDERS lifetime...the calculation to borrow this money is
50K x 25 years, at 7% interest = total repayment of $106,017 for that one 50K trip.
YES......$106017.00
It is like a MORTGAGE, with NO BENEFITS.
This was for one trip. NO real BENEFIT and only for RODDERS to take his GIRLFRIEND too cos it is HIS right. (YEAH RIGHT).
Now calculate the TAX TAKE to pay for this LARGESSE, cos it is all at the TAXPAYERS expense, not RODDERS....repeat.......NOT RODDERS.
At the average wage, being very generous, it would take something like 5-6 peoples taxes for one whole year to pay for just this one trip under PAYE.
Due to the COMPOUNDING effect of borrowing and NOT repaying, guess what.
Ya keep paying.
This is a simplistic example, not in any way accurate, just off the top of my PEA BRAIN.
MULTIPLY this example with all the SNOUTS IN THE TROUGH (and they are legion),
We all know who they are, especially if you PAY TAXES, not steal them.
Most of these people are SUPPOSED to be working for US.
IT is the other way around....SUCKERS.
JOHN, reign in the PONIES and yourself, cos I do not intend to PONY up any more.
And in PLAIN ENGLISH too.
It was HELL-EN here...why make it worse.
FISCAL PRUDENCE...my left ...BOLLARDS.
That is why we have problems here in Sunny.... NZ.
Comments please. and not on the strict accuracy of my calculation. It is only a simplistic example.
"Bond yields rising"...it's what happens
"Bond yields rising"...it's what happens when you toss a debt bloated economy in the oven....the promise of rates on the way up I say and what did English have to say about getting the 40 billion!.."easy as"..but on their terms Bill English and those terms are set to cost this fools ponzi paradise for the next 40 years. No worries right Bill...you will make off with a knighthood and your pension rights and the perks for life. John boy will be living it up in Hawaii. The peasants silly enough to stay in Noddyland will be paying the price. Those with any smarts will bugger off. The Asian immigration wave is set to reverse direction. Meanwhile the media BS about greenshoots is still the best story going, even though Bollard is having nightmares about inflation on its way and treasury are pissed at having been told where to shove their economic views. Silly fools...and they thought they knew more about economics in the property ponzi paradise than the great and mighty in the Beehive. Suckers.