Tweet
Our local Chinese know prices are going to rise,there not worried about catching a virus they already know inflation is going to kick in ,there stocking up now before prices rise....Oz reserve bank about to drop rates..always have an ear on street level..not mainstream media or politicians.
-
-
Im a liberal capitalist and you have socialist like Shamubeel Eaqub probably reading my post on this forum.
Comment
-
Ahh, econo-mists unite and foam at the mouth with the BS.
I doubt anyone needs even a stiffikit in economics to be able to say that.the virus could have a wide-ranging effectComment
-
I wouldn't worry about what Shamubeel says - he is wrong on most things.Originally posted by Jeffa View Post
If he make a call and is wrong he just shrugs his sholders - if Adrian make a call and gets it wrong he can stuff up the country.Comment
-
It's the news media - they get everything out of context and then some fools buy into it.Originally posted by Perry View Post
I haven't seen the economists uniting and foaming.Comment
-
Shamubeel is a glamour boy for the left...Im just predicting the predictable.Comment
-
Does anyone believe when our official cash rates goes to 0.25 by the end of the year or earlier house prices will remain the same?..inflation time!Comment
-
Given where the OCR has gone from to get to now and the inflation impact why will a move to 0.25% (which I think is unlikely in the short term) cause inflation?Originally posted by Jeffa View Post
House price rises hasn't caused inflation so far.Comment
-
Really?I remember ordering a Big Ben pie for 40c at school in 1984....have there pies improved?...no they are now dry and horrible.Originally posted by Wayne View PostComment
-
Ha.Originally posted by spaceman View Post
I can tie in two of your ides here.
The term printing money is shorthand for Quantitative easing.
Which in my code of ethics is shorthand for theft.
Now if we punished that crime in the ethical environment of sharia law,
then that shorthand would end up with some very short hands.Comment
-
Auckland Wellington Christchurch...Fomo kicks in...15% to 20% increase in house values (median).Adrian Orr will no longer care about house prices ,expect an early RBNZ review this month..Government to announce tax cuts, must save NZ economy..its a race against the rest of the world.Comment
-
This whole bug thing might be exactly what the economy needed.Originally posted by Jeffa View Post
As places self isolate, they become self sufficient.
Instead of buying a t shirt from China or India for 20c, then marking it up to $5.
A local manufacturer makes it , and employs people and machines.
And pays tax, unlike many pan national entities.
Sure , we may not all be able to afford iPhone anymore.
But Meh, so you have phone booths , or worse still , your kids actually have to get up and walk two houses down to talk to their friends.Comment
-
So no money should be printed ever because it's always theft???...….come now ….don't descend into complete dribble,Originally posted by McDuck View Post
Money must be created to cope with an expanding economy........quantitative easing isn't printing money as such, it is the buying up of large amount of securities to inject liquidity into the market. Yes it can be done with freshly "printed" money but it isn't the same thing as merely printing fresh money.
Cheers
SpacemanComment
-
Of course, almost next-to-no currency is 'printed.'
As I see it, it's a digital expansion of credit 'money.'
And - as Spaceman has observed - when that is not equivalent to (backed by) an expansion of products and services in the economy, it's inflationary.
Excessive amounts = New Zimbabwe.Comment
Comment