Originally posted by Perry
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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, 01:57 PM.
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Originally posted by Perry View PostO-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.
.
Best end this line of thought here. Back to” Interest”.
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Meanwhile, this thread is titled 'Interest Rates'
And is it time for floaters to lock in low long term rates soon:
The old dinosaur weighs in.
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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
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Originally posted by Maccachic View PostYup 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
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It's getting tempting to fix but I'm still floating. UK has been downgraded. US still floundering.You can find me at: Energise Web Design
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Originally posted by PC View PostHow 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.
If/when they succeed... they will push the rates up.
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Originally posted by BigRedDog View PostMy 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.
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.
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Originally posted by Bluekiwi View PostHavent 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.
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.
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