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"It is not a perfect measure, but it suggests residential property investor activity could have halved over the last decade."

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Bill Steel

Pressure mounts on RBNZ

Economists suggest strong economic data may push the bank to hike interest rates earlier than planned

15th Feb 13, 4:13pm

by David Hargreaves

Economists suggest strong economic data may push the bank to hike interest rates earlier than planned

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One of the saddest lessons of history is this: If we've been bamboozled long enough, we tend to reject any evidence of the bamboozle. We're no longer interested in finding out the truth. The bamboozle has captured us. It's simply too painful to acknowledge, even to ourselves, that we've been taken. Once you give a charlatan power over you, you almost never get it back.

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