Jenée talks interest rates and government spending with Sharesies co-founders

Jenée Tibshraeny joins Sharesies co-founders Leighton Roberts and Sonya Williams for a Budget and Monetary Policy Statement debrief

3rd Jun 21, 4:26pm by Jenée Tibshraeny

Sharesies co-founders Leighton Roberts and Sonya Williams invited interest.co.nz journalist Jenée Tibshraeny to discuss all things Budget and monetary policy on their Lunch Money podcast/webinar on Thursday.

While the discussion was targeted at retail investors who use the Sharesies platform, interest.co.nz readers might find it interesting and informative too.

Issues canvassed include government debt, whether inflationary pressures are temporary, the prospect of rising interest rates, the relationship between the Government and Reserve Bank, the future of QE or bond-buying, the implications of housing market policy changes, and what this all means for investors in equity markets.

The discussion gets a bit more crunchy about 6 minutes in.

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15 Comments

by J.C. | 3rd Jun 21, 5:29pm 1622698167

Great stuff

by Groat | 3rd Jun 21, 6:25pm 1622701542

The best journalist in NZ.

by J.C. | 3rd Jun 21, 6:52pm 1622703137

Yes. Jenee's great. Listening to this moves away from the stereotypical conversations. Informed and relevant to younger people.

by Hans Brink | 3rd Jun 21, 8:28pm 1622708915

And even to older people JC, I thought she gave good easy to understand talks. I am even more convinced now that no one knows anything for certain but at least I am better informed how the system works.

by J.C. | 3rd Jun 21, 9:07pm 1622711245

Sure. The Sharesies community is likely to be a younger demographic. It would not surprise me at all if the level of understanding about what's going on the economy is superior that among the old farts (who think they know everything).

by Ezy | 3rd Jun 21, 10:24pm 1622715894

Sonya is ex xero. We probably owe more to Rod Drury as a country economically than we realise.

by Hans Brink | 4th Jun 21, 8:50am 1622753404

Don't worry the young will be old farts before you know it.

by redcows1 | 4th Jun 21, 11:06am 1622761570

Before they know it. Infact it's surprising how old some young thinking is.

by VictimOfOCR | 3rd Jun 21, 7:28pm 1622705328

How much freedom does RBNZ have to begin raising the OCR? Are they restrained by other nation’s decisions around their OCR settings?

by Groat | 3rd Jun 21, 9:58pm 1622714288

They hide behind the FED when it suits them and their precious ponzi.

by linklater01 | 4th Jun 21, 3:05pm 1622775909

VictimofOCR,

Were our RB to raise rates unilaterally, it would risk seeing a sharp spike in the exchange rate against the major currencies. That would make life harder for our exporters, though it would depress import prices.
My guess is that the RB will not be the first to raise the OCR.

by Squishy | 4th Jun 21, 1:29am 1622726996

Unfortunately Sharesies lost my respect when they tried to push the MyFoodBag IPO to their retail customers.

https://www.nzx.com/instruments/MFB

by thinktank | 4th Jun 21, 11:13am 1622762003

My wife wanted to invest. We didn’t.

by Squishy | 4th Jun 21, 1:31am 1622727067

by Warwick D | 4th Jun 21, 8:18pm 1622794711

Jenee rightly points out that the Government has all this money (debt funded) just waiting to be fed into the economy to stimulate Covid recovery, etc.. However, my concern is that whenever Govt does actually announce some major spend, these seem to be just "gesture projects". For example, todays proposed dedicated pedestrian/cycleway bridge over Auckland harbour is a big spend which will almost certainly cost a lot more than their current forecast but apart from the actual bridge build itself, how does this really benefit the region's economy long term or help solve it's transport infrastructure problems? Does anyone in this government have any idea how to make the best of money spent?