In this section
The comment stream
Recent comments
- 1 of 20791
- ››
Editors choice
- 1 of 295
- ››
The news stream
Latest news
Most commented
- BNZ cuts most fixed mortgage rates 48
- 90 seconds at 9 am 43
- Fonterra to tighten TAF rules 37
- Thursday's Top 10 with NZ Mint 33
- Govt eyes NZ$1.4b revenue grab 30
- English wants more house builds 30
- Fonterra cuts payout forecast 30
- Budget tax moves to target high income NZers 29
- Wednesday's Top 10 with NZ Mint 24
- Amanda's Take Five for Wednesday 23
8 Comments
Cut, a rise would be like a
Cut, a rise would be like a nuke, dollar up, housing crack up, wasteful consumption down, the CPI will never again be a problem, because they are not honest about it. The only mandate they care about is house prices. In central banker world rising house prices are good for the economy. Bring on the rate cuts and 4% deposits.
although I voted for hold
although I voted for hold until late 2012, really its too early to judge.
I'm more optimistic on China than I was, although not so optimistic on Europe. But I think NZ's going to have a really rough couple of years, so maybe a cut will be called for
We are definitely not in for
We are definitely not in for rate rises this year. For the past 2 years economists have been talking about 'rate rises later on this year' and for 2 years now they have been completely wrong. I would say that if the Europe situation is handled well, we'll have flat rates for until late 2013. If Europe blows up, then we'll end up with rate cuts to avoid another recession in NZ.
Think about it.... even if the Europe situation is handled smoothly, the Western world is smothered in debt, it's going to take at least another 3 years before they get that down to reasonable levels, if not more time.
It's within the bank
It's within the bank economists interests to predict rate rises so they can suck mortgage holders into higher fixed rates. The commerce commission should investigate immediately.
Josh - that's actually a load
Josh - that's actually a load of c%@p and shows zero knowledge of the subject
Well, we now know that the
Well, we now know that the OCR is never ever going to be raised again in the next 5 years.
And an OCR cut is coming sometime in the next 12 months as the banks are trying to brainwash the public that their retail rates are now 'independant' of any OCR in future.
And QE will also be coming to NZ sometime in the future as we have had the first 'airing' of the concept - more pre-sales PR will be coming on that over the next 6 months....
Can we get an admission of "I got it wrong' from all those predicting interest rate rises over the last 3 years? No, floating did not go to 9%, it was always impossible .... do you think Reserve Banks & Govts want to crash & burn their economies?
Course you can MB, I got it
Course you can MB, I got it wrong...I did not expect the RBNZ to opt for property bubble protection..fool me...and I agree with you re the ocr and the QE printing BS pathway they are now taking.
Bollard on his way out of the
Bollard on his way out of the RBNZ and why?....I think because he is not able to support a money printing gamble...I think he has been rolled by the govt and the banks...I think he has been sold out by others at the RBNZ who have indicated to the govt that they will print if they are appointed to be in charge.
Time now to arrange to remove capital from NZ for somewhere safer and to change some into gold coin...the future for the Kiwi$ looks sick from here....the printing pathway is madness but with so much to waste on BS and spin the QE idiocy will be sold as a great way to go..pay back the debts with used toilet paper...an easy solution...until there is a need to borrow more money overseas...or pay for the oil imports...or the airplanes...or tractor parts...doh
Yes there are morons in govt who think debt can be paid for with QE...the same is true for RBNZ staff of that I have no doubt...likewise Treasury...Merv King is doing it...why don't we!...what could possibly go wrong?