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  • Wont bossy Bollard be displeased.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

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    • The notion of low interest rates is disingenuious...

      The present crisis is about past, present, and future destruction of capital due to the Keynesians’ deliberate policy of driving down interest rates. Education of public opinion about these matters is sorely needed. Keynesians have been successful in convincing the public that their monetary policy to drive down interest rates is a blessing. But the truth is that falling interest rates erode capital, because the return from earlier investments proves insufficient to amortize debt contracted at higher rates. At the end of the capital erosion road comes the realization that production and finance stands bereft of any capital. The result is a credit collapse that can no longer be covered up with the usual Keynesian nostrums
      Full article

      http://www.propertytalk.com/forum/ne...ote=1&p=170914

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      • Originally posted by dandan View Post
        http://www.anz.co.nz/personal/Home-L...new/Lo-Doc.asp

        Or you can go hear and watch Bill Ralston, Angela D'Audney and Rob Muldoon talk about cheap interest rates for first home buyers, housing finance drying up, black market mortgages, and taking out several seperate loans to the money you want.

        http://www.youtube.com/watch?v=rBCMq-gBPw4
        ANZ must have forgotten they have that page up.

        My wife was only 3 when that news report went to air... I wonder if she was worried

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        • Age shouldn't be any barrier, terry.

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          • Originally posted by Taupo Tiger View Post
            Age shouldn't be any barrier, terry.
            I don't think she was worried at 3 about interest rates tiger.

            I was 17 and it didn't bother me.

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            • Ah, the days when one was younger.

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              • Indeed tiger.
                I think I could buy a pie back then for under a dollar. Such sweet memories

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                • Originally posted by tpr2 View Post
                  Such sweet memories
                  Hhhmmm, depends on the pie contents, perhaps?

                  How would you go on a 4 & 20 pie?
                  Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

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                  • mmmmm
                    Bring back Georgie Pie

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                    • Well back to interest rates, Ive fixed my 5 rentals, by spliting the all the loans 1/3 and going 1/3 3 years, 1/3 5 years and 1/3 7 years. Now have 15 differents loans, but hope that will reduce risk? Plan to be in this game for a long time.
                      Helen

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                      • Damn, that must produce a lot of mail thru your front door.

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                        • Well, at least the postman wont lose his job,

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                          • ASB's 5 year rate up to 7.25% today

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                            • Check this out.

                              ANZ/National, BNZ, ASB, Kiwibank and several second tier lenders have also put up their 3, 4, 5 year rates.

                              Who says we won't be back to double digits on long term rates by Christmas??
                              Patience is a virtue.

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                              • Err, um, Mr hawser attachment, aka Bollard?

                                Any sign of deposit rates going in tandem?
                                Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

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