Interest Rates

[McDuck]

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.

[Perry]

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.

[McDuck]

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”.

[SwissKiwi]

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/interest-rates-rise-gold-falls/4039/

The old dinosaur weighs in.

[SwissKiwi]

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

[Maccachic]

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

[Bluekiwi]

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

[drelly]

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

[PC]

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.

[BigRedDog]

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.

[Wayne]

they're bigger than us so can't fall maybe.

[Wayne]

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.

try and fail - can't see what they can really do to lower the exchange rate.

[Bluekiwi]

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.

Havent you been listening to the Govt, the RB, the economists.
The exchange rate "CANNOT" be controlled by any forces in NZ.
Exchange rate is going to go higher, before it settles, another 5C possibly.
Then eventually it may come back, in time.
Get used to it.

[BigRedDog]

try and fail - can't see what they can really do to lower the exchange rate.

Agreed. Can't see anything they can really do.

Wheeler is a new beast. No1 knows what he will do.

[BigRedDog]

Havent you been listening to the Govt, the RB, the economists.
The exchange rate "CANNOT" be controlled by any forces in NZ.
Exchange rate is going to go higher, before it settles, another 5C possibly.
Then eventually it may come back, in time.
Get used to it.

I have been listening to what they are saying.
Doesn't mean I believe what they are saying and will/might do are the same thing.

I don't give a rat's if the exchange is too high.

The only reason I keep an eye on the exchange rate is because I HAVE been listening to Wheeler.
If you read between the lines, he will increase the OCR if the exchange rates come down by some miracle.

That ^^^ I'm sure of.