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  1. #11
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    Sep 2007
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    Well paid back to who? The reserve bank of the country who just brought it into existence with a few keystrokes? Why should they be paid back? Just ignore it, it seems we can.

    A debt jubilee, yep, could well be a good idea.
    Squadly dinky do!

  2. #12
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    Sep 2004
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    Hastings
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    15,496

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    Right. Inflation exploding - here we come.

    Cash savings - almost wiped out.

    Hard assets going up in numbers (But not value).

    It's only the degree that's unknown, presently.

    Doubtless soothsayer Shammy will give us the good oil.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  3. #13
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    Jun 2004
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    10,637

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    Quote Originally Posted by Perry View Post
    Right. Inflation exploding - here we come.

    Cash savings - almost wiped out.

    Hard assets going up in numbers (But not value).

    It's only the degree that's unknown, presently.

    Doubtless soothsayer Shammy will give us the good oil.
    Hasn't happened yet (inflation since GFC) so will be interesting if it will happen this time.
    People keep saying that it will explode and it doesn't

  4. #14
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    Jun 2004
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    Quote Originally Posted by Frezzinghot View Post
    To prevent otherwise healthy people from earning a livelihood is criminal IMHO. The government should be made to pay for such losses as they are quick to take your income through ever increasing taxes, Simon Bridges stand up and be a man and go to bat for us, you poked your head out last week of your hole but you now need to speak for us and go start demanding answers as to why we healthy people are shut out of our jobs.

    #endthelockdown
    Hopefully the 'otherwise healthy' will stay healthy with this virus that is much more contagious than the flu and at least 10 times more deadly.
    Healthy people are shut out of jobs to keep them (and others) healthy.

  5. #15
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    Sep 2004
    Location
    Hastings
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    Quote Originally Posted by Perry View Post
    Right. Inflation exploding - here we come.
    Quote Originally Posted by Wayne View Post
    Hasn't happened yet (inflation since GFC) so will be interesting if it will happen this time.
    People keep saying that it will explode and it doesn't
    Is the GFC a fair comparison with what's going on, now? I suspect not.

    Be interesting to review the notion in 12 and 24 month's time.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  6. #16
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    Jun 2004
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    Quote Originally Posted by Perry View Post
    Is the GFC a fair comparison with what's going on, now? I suspect not.

    Be interesting to review the notion in 12 and 24 month's time.
    Is anything from the past a fair comparision?
    On what basis do you predict (yes you predicted) that inflation will explode?

  7. #17
    Join Date
    Sep 2007
    Location
    Auckland
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    Quote Originally Posted by Perry View Post
    Right. Inflation exploding - here we come.

    Cash savings - almost wiped out.

    Hard assets going up in numbers (But not value).

    It's only the degree that's unknown, presently.

    Doubtless soothsayer Shammy will give us the good oil.
    Yes this is the conventional wisdom aye? You end up like Zimbabwe or Weimar Republic Germany, where you need a wheelbarrow full of notes to buy a loaf of bread.

    But as Wayne points out, this hasn't happened. They've been printing away for 10 years now, no inflation.

    But we do have the other things you mention i.e. cash savings devalued, assets overvalued etc.
    Squadly dinky do!

  8. #18
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    Sep 2004
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    Hastings
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    Quote Originally Posted by Wayne View Post
    Is anything from the past a fair comparison?
    On what basis do you predict (yes you predicted) that inflation will explode?
    The post was largely satirical.

    It was not intended to be a prediction.

    Rather, it was a tongue-in-cheek follow-on to David's comment, in the post immediately before my comment, plus the earlier one.

    Over the years, we've discussed 'inflation' in great detail on the forums. We learned about hedonic statistics and argued strenuously about the validity of the 'official' figures and the reasons why they might be, ahhh, 'massaged.'

    We came up with a formula, back then. Take the official figure, multiply by two and add two and that's about the real inflation figure that most people will feel. Later, there came the Household living-costs price indexes (HLPIs) which supported the idea we'd murmured about in our discussions - that inflation is felt quite differently by different household groups.

    As I observed earlier, t'will be interesting to see the purchasing power of the NZ dollar in 12 / 24 months time.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!


 

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