Travel to and from Melbourne suspended until next Friday as outbreak of Indian strain overwhelms tracers; Wellington Council sets 13.5% rates rise and doubles cycling spend
Easing monetary policy is being consumed through debt, and we know that at least 70% and probably closer to 80% of this easing is being transferred through loans on houses. So the RBNZ and govt's solution remains stimulation through house inflation. NZ runs a massive risk of not having enough momentum and resources behind businesses when the world eventually start up again! Watch NZ's global footprint and global competitiveness decline rapidly if this happens. I keep saying it, NZ will be an exporter of young talent and an importer of old rich people.
Easing monetary policy is being consumed through debt, and we know that at least 70% and probably closer to 80% of this easing is being transferred through loans on houses. So the RBNZ and govt's solution remains stimulation through house inflation. NZ runs a massive risk of not having enough momentum and resources behind businesses when the world eventually start up again! Watch NZ's global footprint and global competitiveness decline rapidly if this happens. I keep saying it, NZ will be an exporter of young talent and an importer of old rich people.