Interest Rates

[chook]

I have to whole-heartedly agree with you!

Ignorance is bliss?... until it isn’t.

Correct most people have no idea whats going on..

[adm]

With a few exceptions and from the general and widespread hysteria of recent times, plus the overall anti everyone and thing over 35, I suspect that there will only be a part of one percent that have any idea of what's going on.

Logan's re-Run, anyone?

I have to whole-heartedly agree with you!

Ignorance is bliss?... until it isn’t.

[Perry]

Nothing about the last 3 years makes sense whatsoever & I believe the answer to “are they that smart or are the people that dumb?” depends on how much of the population is still oblivious.

With a few exceptions and from the general and widespread hysteria of recent times, plus the overall anti everyone and thing over 35, I suspect that there will only be a part of one percent that have any idea of what's going on.

Logan's re-Run, anyone?

[adm]

Never ascribe to conspiracy that which can be put down to stupidity, goes an old axiom.

Are the orchestraters that smart? Or the people that dumb? A mix of both?

The "elite" will still need a suitable 'slave' population of serfs to fetch and carry for them. And a means to control them, too. Robots?

But what's all that got to do with interest rates?

Surely interest rates would be an important piece of the puzzle to make everything and anything bleed, especially when choosing to aggressively increase them to counter the inflation “they” created by sending the money printers into overdrive.

I mean “they” created a worldwide pandemic, made money historically low, which assisted in a property boom, humans want to own houses & will jump at the chance even if that means $600k+++ debt, claims of no interest rate increases until 2023(?), aggressively hike rates & watch above households above bleed (and pretty much every market). I mean that’s just one side of the coin to look at it, I don’t like being a pessimist so I’m happy to check out the other side!!

As much as I’d love to claim they’re donkey’s & what they’re doing is destroying countries worldwide, “they couldn’t organise a piss-up at a brewery!” I believe they’re evil genius’ and as mentioned above, the ship is full steam ahead, on track with grins from ear to ear.

Nothing about the last 3 years makes sense whatsoever & I believe the answer to “are they that smart or are the people that dumb?” depends on how much of the population is still oblivious.

[Jeffa]

US 10y 3.9% blew through my predictions of a 3.2% top, swaps could push our 1y rates higher... check that "Will" push our one rates year higher.

Luckily a good portion of investors are mortgage free like Perry, these guys and girls will save our housing market from an imminent collapse.

Thanks for being responsible Perry.. because I'm not!!

Debt to the moon!!

[Perry]

Never ascribe to conspiracy that which can be put down to stupidity, goes an old axiom.

Are the orchestraters that smart? Or the people that dumb? A mix of both?

The "elite" will still need a suitable 'slave' population of serfs to fetch and carry for them. And a means to control them, too. Robots?

But what's all that got to do with interest rates?

[Frezzinghot]

Yes you get the feeling for sometime all the major people in power are working for the same goal under the WEF from Putin to Biden... Xi Jinping and all the western leaders that seem to read from the same scrip??

.. Absolute control of the masses via muti attacks on are freedoms and how we will transact(cashless society) and our wealth(Taxes/market crashes) our FEAR .. systematic organised attacks ... Pandemics , Wars , Climate change ,Oil Spikes to crashes ...we seen oil go from sub price to $140bbl to now crashing again ...

Anyone that does any major Macro research into world events and agenda's can surely put it all together ... just think of the Afghan war that all of a sudden was all over after 14yrs ... all the billions USD $$$$ worth of Military Equipment left behind to be used by the same Terrorist's al-Qaeda and the Taliban that so called wanted freedom loving Americans dead... stage left next up Putin Russia its your turn to keep the War machine going>>

All WEF appointed agenda coordinator leaders had only one job - destroy your country!.. just look at what Jacinda and team have done..

It’s all there in plain sight. But sheep will be sheep.

”how dare you…Greta!

[JBM]

Hate to agree, but yup.

It’s not by accident that they locked down the entire world for the flu before “it” was even in countries. Print money, over QE, increase debt tenfold, over QT, watch every market & household bleed, make humanity reliant on “the powers at be”.

The ship is full steam ahead, calculated & orchestrated.

Yes you get the feeling for sometime all the major people in power are working for the same goal under the WEF from Putin to Biden... Xi Jinping and all the western leaders that seem to read from the same scrip??

.. Absolute control of the masses via muti attacks on are freedoms and how we will transact(cashless society) and our wealth(Taxes/market crashes) our FEAR .. systematic organised attacks ... Pandemics , Wars , Climate change ,Oil Spikes to crashes ...we seen oil go from sub price to $140bbl to now crashing again ...

Anyone that does any major Macro research into world events and agenda's can surely put it all together ... just think of the Afghan war that all of a sudden was all over after 14yrs ... all the billions USD $$$$ worth of Military Equipment left behind to be used by the same Terrorist's al-Qaeda and the Taliban that so called wanted freedom loving Americans dead... stage left next up Putin Russia its your turn to keep the War machine going>>

All WEF appointed agenda coordinator leaders had only one job - destroy your country!.. just look at what Jacinda and team have done..

[adm]

Cool cryptic message time..


This is so much simpler that you are making it.
They know where they're steering the ship.
It's a new island with new rules.
Forget everything you have been relying on.
It won't work there.

Hate to agree, but yup.

It’s not by accident that they locked down the entire world for the flu before “it” was even in countries. Print money, over QE, increase debt tenfold, over QT, watch every market & household bleed, make humanity reliant on “the powers at be”.

The ship is full steam ahead, calculated & orchestrated.

[McDuck]

Oil fell another 5% overnight, I wonder if Adrian and his Mate Jerome is awake at the wheel?

Cool cryptic message time..


This is so much simpler that you are making it.
They know where they're steering the ship.
It's a new island with new rules.
Forget everything you have been relying on.
It won't work there.

[Jeffa]

Most of the Feds data is rear vision looking, Powell even stated there data is from the past 3/6/9 months, which is how they get their forcasting so wrong.

Fed or RBNZ not taking into account current and future deflationary pressures beginning to pop up all over the world

Hell, I just topped up my bike tank for $2.22 at the pump, if oil is tumbling, you can expect inflation to follow.

Didn't fuel prices almost touch $4 only 6 months ago? Yes we are getting tax cuts at the pump, but that's still a big drop .

Fed and RBNZ getting it wrong again just like they did with over stimulating the economy.

Oil fell another 5% overnight, I wonder if Adrian and his Mate Jerome is awake at the wheel?

[Jeffa]

Yes I think so ... ANZ standard rates now all over 6% .... will the other banks follow ? FED raised 75bpts over night and is talking another 125bpts before the years out ... RBNZ will be force to continue to raise ... we may even see high 6% rates being the lowest 1yr fixed etc by MAY 23 >>

Most of the Feds data is rear vision looking, Powell even stated there data is from the past 3/6/9 months, which is how they get their forcasting so wrong.

Fed or RBNZ not taking into account current and future deflationary pressures beginning to pop up all over the world

Hell, I just topped up my bike tank for $2.22 at the pump, if oil is tumbling, you can expect inflation to follow.

Didn't fuel prices almost touch $4 only 6 months ago? Yes we are getting tax cuts at the pump, but that's still a big drop .

Fed and RBNZ getting it wrong again just like they did with over stimulating the economy.

[JBM]

I spoke to a reliable source who said there is a lot of 2.75% mortgages coming up for refix in April/May, could the 1 year rate be closer to 6% by then? If the GDP is up and inflation has only plateaud surely you’d have to assume more hikes were incoming, how far passed necessary will they take it.

Yes I think so ... ANZ standard rates now all over 6% .... will the other banks follow ? FED raised 75bpts over night and is talking another 125bpts before the years out ... RBNZ will be force to continue to raise ... we may even see high 6% rates being the lowest 1yr fixed etc by MAY 23 >>

[adm]

Worsening housing affordability presents an increased risk of mortgage defaults in New Zealand, according to credit rating agency Moody's Investor Services.

In a new report on covered bonds issued by NZ banks, Moody's says it expects housing affordability will remain significantly worse than the average for the last 10 years, "which is credit negative for residential mortgage covered bonds we rate in New Zealand."

The report said rising interest rates meant the mortgage payments on new mortgages taken out in August this year would eat up an average of 39.1% of average household income, up from 35.4% a year earlier.

In Auckland, new borrowers required an average of 47.1% of average household income to meet their mortgage payments.

https://www.interest.co.nz/property/...tgage-defaults

I spoke to a reliable source who said there is a lot of 2.75% mortgages coming up for refix in April/May, could the 1 year rate be closer to 6% by then? If the GDP is up and inflation has only plateaud surely you’d have to assume more hikes were incoming, how far passed necessary will they take it.

[JBM]

Worsening housing affordability presents an increased risk of mortgage defaults in New Zealand, according to credit rating agency Moody's Investor Services.

In a new report on covered bonds issued by NZ banks, Moody's says it expects housing affordability will remain significantly worse than the average for the last 10 years, "which is credit negative for residential mortgage covered bonds we rate in New Zealand."

The report said rising interest rates meant the mortgage payments on new mortgages taken out in August this year would eat up an average of 39.1% of average household income, up from 35.4% a year earlier.

In Auckland, new borrowers required an average of 47.1% of average household income to meet their mortgage payments.

https://www.interest.co.nz/property/...tgage-defaults