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Has the Reserve Bank Overstimulated the economy?

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  • #16
    People always tell you what not to do.
    It's better to set an example of what to do.

    Here's is the sort of speed and behavior that can be expected from an institution with so much power over the future.

    Remember, every week they sit on their hands, thousands of dollars of young peoples house deposit savings just go up in smoke.
    (Those kids have to save pretty hard to get each one hundred dollars).
    Let's not talk about how much more of their future lives will be lost paying off housing debt.

    Last edited by McDuck; 19-11-2020, 07:12 AM.

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    • #17
      Peter Dunn has the solution!
      Not more working groups - a whole National Housing Summit!
      https://www.interest.co.nz/opinion/1...sing-continues

      That little junket should get at least 0 new houses built but still cost $Ms!
      The three most harmful addictions are heroin, carbohydrates and a monthly salary - Fred Wilson.

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      • #18
        Originally posted by PC View Post
        Peter Dunn has the solution!
        Not more working groups - a whole National Housing Summit!
        https://www.interest.co.nz/opinion/1...sing-continues

        That little junket should get at least 0 new houses built but still cost $Ms!
        I share your contempt of people who sit around meetings all day at the expense of productivity.
        No, I bet my contempt goes much, much, further than yours.
        Give the Bugg**r a hammer an put him on a building site.
        At least he will be of some little use.

        I understand the RESERVE BANK CASH INJECTION.
        I understand the OTHER DIRECT SUPPORT.
        But Why Oh Why also REMOVE THE LVR, and leave it off?




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        • #19
          Originally posted by PC View Post
          Peter Dunn has the solution!
          Not more working groups - a whole National Housing Summit!
          https://www.interest.co.nz/opinion/1...sing-continues

          That little junket should get at least 0 new houses built but still cost $Ms!
          Didn't Peter Dunn block changes to the RMA causing a lack of new houses being built?

          https://www.scoop.co.nz/stories/PA13...bottom-link-01

          “In the 20 years since the Act was passed, the environment is in a worse state by almost every measure, and the government’s proposed changes to facilitate development will make matters worse,” said Mr Dunne. “I do not accept that commercial interests should override the environmental principles of the Resource Management Act.”
          Last edited by Jeffa; 23-11-2020, 09:33 AM.

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