90 seconds at 9 am with BNZ: Ireland caves in and agrees to bailout; Wall St celebrates; NZ$ rises; Huljich accused; Hotchin returns

re matarangi i'm confused......so hotchin used to own it, then his empire collapsed, he duped hanover into buying all his crap, including matarangi, and now that hanover has realised that they can't keep it going either, hotchin is going to swoop in and buy it at a super-low price?

is that right? if so, then i'm speechless. he must be true sociopath to act like that.

Bill Bonner,

"It's the economy, stupid."



When an economy is de-leveraging you get a phenomenon that John Maynard Keynes described as "pushing on a string." You can push money into the system. But the other end of the string...where you find consumer prices...doesn't move.



And now, it looks like Keynes was right. The Fed is pushing in $600 billion. Consumer price increases are still going down. 



So we might be tempted to think that the feds can push on the string all they want; they'll never get consumer prices to rise. 



But it's not that simple. It may be true that you can't increase consumer prices simply by putting money into the banking system. But the Fed is now going one step further. It's funding the US budget deficit - practically the whole thing. That frees all the money that would have gone into US Treasuries to go elsewhere. Where? Darned if we know.



But just look at cotton prices. And gold. And farmland in Iowa and Indiana. Farmland yields (not crop yields...financial yields, from renting out the land) are at an extreme low. Prices have been bid up - thanks to record low interest rates and record high agricultural output prices.



And look at prices of Indian stocks. They're selling near record levels too.



All over the world, prices are going up - especially in emerging markets, where economies are growing fast. 



But in America, consumer prices - when you take out food and energy - are going nowhere. 



Just what you'd expect in this strange correction

Seriously, not that Mark Hotchin gives 2 hoots, but very few people will do business with him or regard him as a man of ethics in this country, hes actually sold his soul for money lol what an idiot.

Ireland:

http://www.businessinsider.com/one-fifth-of-irelands-economy-could-now-…

In 2010 the budget deficit will be at least 32% of GDP and the public debt is almost 100% of GDP.

With the bailout only the bondholders are saved.

see Garreth that didn't take long now did it....?play the game ..play the game....look mickrick just Play the *%#&ing game.

wheel alrighty then....one potato two potato three..........potat.....oh.