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Thread: Interest Rates

  1. #1831
    Join Date
    Apr 2005
    Posts
    1,909

    Default

    Quote Originally Posted by Perry View Post
    Well, there's a wee tome to be found somewhere
    called: Parity - The Key To Prosperity Unlimited.

    The problem for McDuck is that he wants to duck
    and dive in all that moolah in his money bin. Except
    when it's being fumigated.

    The way our McDuck has it, is not far off the mark.


    But you can be sure that those lesser-productive
    have set the scene so that few see the wires,
    smoke, mirrors and props which obscure the real
    back-drop and they can continue the pantomime,
    well-rewarded and unchallenged.

    The best rewards are gleaned from big differences
    in standards of living. What most of the blinded do
    not see and can not understand is that off-shoring
    means exporting the standard of living of most of
    those left living on-shore. Except those lesser-
    productive doing the off-shoring, of course.

    But, yes: this type of discussion probably does fir
    better in the Financial Armageddon thread, rather
    than Interest Rates
    Lol, the McDuck Money bin is empty, all the cash is working for the common good in a way that is as fair and unselfish as practically possible.

  2. #1832
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    10,152

    Default

    O-P-T-I-M-I-S-T.

    The money bin is empty because e-transactions
    make up 98% plus of financial transactions in NZ.
    So saith the RBNZ.

    And interest has been said to be the means used
    by your "insignificant amount" producers to transfer
    the wealth of the many into the hands of a few.

    The only place cash would be working for the
    common good would be in the underground
    economy, I suspect.

    Moderator Note:
    Over to the financial Armageddon thread, please.

    . . . wherein will be found copies of some of
    the foregoing posts.
    Last edited by Perry; 24-02-2013 at 01:57 PM.

  3. #1833
    Join Date
    Apr 2005
    Posts
    1,909

    Default

    Quote Originally Posted by Perry View Post
    O-P-T-I-M-I-S-T.

    The only place cash would be working for the
    common good would be in the underground
    economy, I suspect.

    .
    You suspect wrongly... and the black economy is no place for an honest man. I did say “as far as was practical”.
    Best end this line of thought here. Back to” Interest”.

  4. #1834
    Join Date
    Oct 2005
    Location
    Auckland, NZ.
    Posts
    613

    Default

    Meanwhile, this thread is titled 'Interest Rates'

    And is it time for floaters to lock in low long term rates soon:

    http://www.ollynewland.co.nz/interes...ld-falls/4039/
    The old dinosaur weighs in.

  5. #1835
    Join Date
    Oct 2005
    Location
    Auckland, NZ.
    Posts
    613

    Default

    Apologies to anyone who is even older than 'the old dinosaur'

  6. #1836
    Join Date
    Jul 2011
    Location
    Tauranga
    Posts
    2,044

    Default

    Yup but they have been saying that for a while:



    Mortgage Rates: House Price Rise Draws Rate Caution... | Stuff.co.nz

    Feb 1, 2013

    Mortgage rate rises picked - Business - NZ Herald News

    www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid...
    Jan 11, 2013

    Westpac predicting rates to rise faster than forecast - mortgagerates ...

    www.mortgagerates.co.nz/.../westpac-predicting-rates-to-rise-faster-th...Nov 7, 2012



    Bernard Hickey changes his view on whether to fix or to float his ...

    www.interest.co.nz/.../opinion-bernard-hickey-looks-whether-fix-yo...
    Nov 21, 2012 – Aggressive mortgage pricing to end as wholesale rates climb; market

    Westpac economist says it's time to fix mortgages before interest ...

    www.interest.co.nz/.../westpac-economist-says-its-time-fix-mortgages...Mar 2, 2012

  7. #1837
    Join Date
    May 2008
    Location
    Torbay, Auckland
    Posts
    3,163

    Default

    Quote Originally Posted by Maccachic View Post
    Yup but they have been saying that for a while:



    Mortgage Rates: House Price Rise Draws Rate Caution... | Stuff.co.nz

    Feb 1, 2013

    Mortgage rate rises picked - Business - NZ Herald News

    www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid...
    Jan 11, 2013

    Westpac predicting rates to rise faster than forecast - mortgagerates ...

    www.mortgagerates.co.nz/.../westpac-predicting-rates-to-rise-faster-th...Nov 7, 2012



    Bernard Hickey changes his view on whether to fix or to float his ...

    www.interest.co.nz/.../opinion-bernard-hickey-looks-whether-fix-yo...
    Nov 21, 2012 – Aggressive mortgage pricing to end as wholesale rates climb; market

    Westpac economist says it's time to fix mortgages before interest ...

    www.interest.co.nz/.../westpac-economist-says-its-time-fix-mortgages...Mar 2, 2012

    Yep Westpac always have a go at picking it, and are usually wrong, but never admit it.
    I take all the main bank economists report with a grain of salt since they all told me in 2003 that high interest rates would mean the collapse in auckland house prices (sound famaliar guys to somethign they are saying now).

    ........... and I didnt start my rental portfolio then ouch !!!

    I think i have the the name right "Jane Turner" ?? from ASB - she would have to be the worst.

    Tony is still the man though, he's on the money

  8. #1838
    Join Date
    Jan 2004
    Location
    Whangarei
    Posts
    5,133

    Default

    It's getting tempting to fix but I'm still floating. UK has been downgraded. US still floundering.

  9. #1839
    Join Date
    Apr 2004
    Location
    Auckland
    Posts
    1,429

    Default

    How can rates rise whilst the exchange rate is so strong?
    We're already paying 2% more with worse terms than other bankrupt money printing countries.
    The three most harmful addictions are heroin, carbohydrates and a monthly salary - Fred Wilson.

  10. #1840
    Join Date
    Sep 2012
    Posts
    190

    Default

    Quote Originally Posted by PC View Post
    How can rates rise whilst the exchange rate is so strong?
    We're already paying 2% more with worse terms than other bankrupt money printing countries.
    My feeling is that the Res Bank will try and lower the NZD using other means.
    If/when they succeed... they will push the rates up.


 

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