Yeah not very interest-ing at all.
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Quite right Davo; time to change course?
Aggressive mortgage pricing to end as wholesale rates climb; market shifting rapidly to fixed rate deals
Homeowners however have been rushing to fix and lock in rates before expected future rises.
To a large extent it is self-fulfilling that rates rise if enough borrowers do switch because wholesale markets react to the pressure. Late movers don't gain the advantage early movers get.
In addition, booming property prices in many big urban markets also raise the chance the Reserve Bank may need to raise official rates.
1st Jan : 3.14%
1st Feb : 3.39%
Today : 3.59%
www.interest.co.nz/news/63247/aggressive-mortgage-pricing-end-wholesale-rates-climb-market-shifting-rapidly-fixed-rate-
Last edited by speights boy; 22-02-2013, 12:08 PM.
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Originally posted by speights boy View PostQuite right Davo; time to change course?
Aggressive mortgage pricing to end as wholesale rates climb; market shifting rapidly to fixed rate deals
For info: 5 yr swap rate.
1st Jan : 3.14%
1st Feb : 3.39%
Today : 3.59%
www.interest.co.nz/news/63247/aggressive-mortgage-pricing-end-wholesale-rates-climb-market-shifting-rapidly-fixed-rate-
Don't see things going much lower - no point trying to pick exact tops and bottoms.
Also reports are that Central banks are starting to consider timing of stimulus withdrawal.
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Originally posted by Perry View PostAre there / were there any signs that it succeeded?The mission of any business enterprise should include the aim to develop economic conditions rather than simply react to them.
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this gem from above worth repeating
“It would be far more sensible for investors to remain cautious about the future, rather than to assume that the sun will continue to shine indefinitely.
What got us into the mess we are slowly emerging from is a combination of short memories, lax risk management, and good old-fashioned greed.
It doesn't appear that much has changed in the past 5 years.
For that reason, it's probably just a matter of time until we see a repeat of version of 2008.
History has a strange way of repeating itself.”have you defeated them?
your demons
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Originally posted by eri View Postthis gem from above worth repeating
“It would be far more sensible for investors to remain cautious about the future, rather than to assume that the sun will continue to shine indefinitely.
What got us into the mess we are slowly emerging from is a combination of short memories, lax risk management, and good old-fashioned greed.
It doesn't appear that much has changed in the past 5 years.
For that reason, it's probably just a matter of time until we see a repeat of version of 2008.
History has a strange way of repeating itself.”Two days of weakness in stocks after the Fed hinted it might “vary the pace of asset purchases” has some folks ready to declare the bull market over and done. “Exit any and all bullish constructed positions and rush to the sidelines," declares veteran trader and newsletter writer Dennis Gartman. Others, including Pimco’s Mohammed El-Arian, [...]
Meanwhile - history destined to repeat?
roubini.
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Originally posted by JABlog View PostHistory always repeats itself - only now its sooner rather than later.
this will definitly be " a lost decade"The mission of any business enterprise should include the aim to develop economic conditions rather than simply react to them.
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Originally posted by Austrokiwi View PostI perfer Mark Twains view point, Words to the effect: history doesn't repeat but it does Rhyme.
On the same theme, it’s worth pointing out that no man is ever really good enough to “rosin up his bow and win that fiddle made of gold”.
The underlying problem is one of productivity.
The bulk of the money needs to go to reward the people actually doing the productivity.
Sure a small percentage can go to the people who think they are being productive (by flipping houses or being merchants of goods or money).
But a top heavy system, that grossly over rewards people who contribute an insignificant amount, must fail.
Localised production and consumption are also needed, not only because it stops the transportation component cost of goods, but because it enables a closer relationship between production, training, labour, money supply, health, recreation and consumption.
Basically, localisation adds one crucial ingredient to the economic mix, information parity. …and any wet behind the ears business school freshman will tell you that information parity, and therefore price is an essential marker in the operation of a market.
Distance and complexity can be used to mask price/information parity…localisation cuts out the opportunity for the conniving to go unnoticed.
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None So Blind . . .
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 a top heavy system, that grossly over rewards people
who contribute an insignificant amount, must fail.
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
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