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I'll be surprised if they go up at all in the next 6 months. NZ$ is still high against the US$ and even higher than usual against the OZ$.You can find me at: Energise Web Design
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Well, Drelly, a whole lot went up today.
See http://www.interest.co.nz/borrowing"There's one way to find out if a man is honest-ask him. If he says 'yes,' you know he is a crook." Groucho Marx
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Originally posted by drelly View PostI'll be surprised if they go up at all in the next 6 months. NZ$ is still high against the US$ and even higher than usual against the OZ$.The mission of any business enterprise should include the aim to develop economic conditions rather than simply react to them.
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Originally posted by drelly View PostI'll be surprised if they go up at all in the next 6 months. NZ$ is still high against the US$ and even higher than usual against the OZ$.You can find me at: Energise Web Design
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it's a fascinating conundrum the modern? western? has constructed for itself
for most of history, when the battle hasn't been violent, it has been about equality and equal opportunity
we've pretty much got that now
but equality and equal opportunity hasn't been enough for everyone
those people want more than equality and more than equal opportunity
they want equal outcomes
without equal input
the french want to retire like the germans do
but they want to do it without ever having worked as hard
the greeks want to retire like the austrians do
but they want to do it earlier and without ever being as educated
this also goes for sub-groups
the roma would like better outcomes
and they would like them without having to go to school at all
with their daughters marrying at 13, having 5 - 10 kids, that they give away as needed to people better able to support them
meanwhile hard working and adventurous africans, that despair of ever getting ahead in their own countries
risk their lives to sell scraps outside european train stations
we have such a globalisation of people, work, transportation and law
that the only real answer is a globalised government
which won't happen in our lifetimes
because the rich in the west don't want to, can't, support the world's poor
and the poor in the west don't want them to either
as it would mean less support for themhave you defeated them?
your demons
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If the RBNZ lifts the OCR they risk 2 things; Our dollar going up, which will hurt the exporters, and the housing market imploding - which would completely stuff our whole economy.
So they're in a bind which is why they're trying the loan lvr stuff.Squadly dinky do!
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Originally posted by speights boy View PostIf the housing market / debt levels can't handle a 25,50, or even 75 basis point rise over the next 12 or 18 months, then we must be overdue for some medicine I reckon.
A couple of small rises early, may be a lot better than waiting.
Maybe later will make a bigger mess than sooner?
Too much sugar for too long.
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Originally posted by speights boy View PostDavo
What you you mean by the term "imploding" ?
If the housing market / debt levels can't handle a 25,50, or even 75 basis point rise over the next 12 or 18 months, then we must be overdue for some medicine I reckon.
A couple of small rises early, may be a lot better than waiting.Originally posted by Wayne View PostAgreed - it is going o happen sooner or later.
Maybe later will make a bigger mess than sooner?
Too much sugar for too long.You can find me at: Energise Web Design
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Originally posted by drelly View PostI think you're forgetting that this "Housing Boom" isn't happening outside Auckland and Christchurch!
Nice and steady in Hamilton. I am told it is rising but not shooting away which is the way I prefer.
No boom so hopefully no bust.
But we will all be tarred with the Auckland brush (I think Christchurch has a pretty good reason for a price rise).
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Originally posted by drelly View PostI think you're forgetting that this "Housing Boom" isn't happening outside Auckland and Christchurch!
What I am saying is: if households' have so much debt that can't afford a rise in rates of 1% then they have too much debt.
They should have fixed long term as insurance; or they are quite possibly going to find that commodity (debt) is costing them more each week.
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Originally posted by speights boy View PostNo, I am not.
What I am saying is: if households' have so much debt that can't afford a rise in rates of 1% then they have too much debt.
They should have fixed long term as insurance; or they are quite possibly going to find that commodity (debt) is costing them more each week.
Playing Russian Roulette really.
Unless you can fix long, save hard and pay down heaps when it comes off fixed (or better fix most long and pay the rest off fast).
All this would take more thinkin than most people will apply.
Tears to come again I think - give it 2-3 years.
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