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.
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Originally posted by Jeffa View PostIm a liberal capitalist and you have socialist like Shamubeel Eaqub probably reading my post on this forum.
https://i.stuff.co.nz/business/11997...st-another-gfc
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.
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Originally posted by Perry View PostAhh, 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.
I haven't seen the economists uniting and foaming.
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Originally posted by Jeffa View PostDoes 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!
House price rises hasn't caused inflation so far.
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Originally posted by Wayne View PostGiven 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?
House price rises hasn't caused inflation so far.
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Originally posted by spaceman View PostThis is not true.
The mere act of "printing" money isn't inflationary....
Cheers
Spaceman
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.
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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.
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Originally posted by Jeffa View PostAuckland 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.
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.
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Originally posted by McDuck View Post….
The term printing money is shorthand for Quantitative easing.
…..
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
Spaceman
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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.
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