Interviewed this morning on NewstalkZB, Don Brash said Adrian Orr has a major inflation issue on his plate. He told Tim Dower, "If the inflation number tomorrow is seven percent or above, it will be the highest since 1988."
Listen here.
Don Brash: Adrian Orr has a major inflation issue on his plate
I wonder if Mr Orr and Mr Brash are beginning to realise that the default toolbox for tinkering around with old school Keynesian fiscal and monetary tuning is akin to trying to work on a Japanese car with a bunch of imperial tools... some don't work very well... most don't work at all... period! Right now the short-duration US bond market is pretty much a canary in the coal mine. Banks normally buy them with excess reserves. However, the effect of debilitating taxes soaking up liquidity, and generally very tight budgets on Mainstreet, result in very little money chasing T-bills. Surely a classic case of the effect of removing liquidity from the bottom of the food chain.
In the U$ the…
MIDNIGHT TRAIN TO GEORGIA
Actually, it was to Jekyll Island, Georgia... to be precise.
And how apt did that name turn out to be? And if a bunch of thieving Banksters hiring a steam train to take them on a clandestine ride under the cloak of darkness sounds decidedly eerie, then it damn well should.
The exact location was a club and a mansion on this island just off the coast of Georgia.
It turned out that the creatures that attended this meeting ended up creating the equivalent of a financial Frankenstein monster that would prey, not only on the US but eventually on the economy of the entire world. This would feather the nests of these already wealthy beyond…
Who’d have guessed locking people in their homes and paying them with debt for a coupla years would unleash an inflationary plague of locusts. Fools gunna fool
the inflation figure announced today, 6.9% - - - -
already have i read (on other message boards) people congratulating cindy and her hobbit for "keeping inflation below 7%" ........
frankly, some people should not even be allowed to vote. and i am not joking, well and truly beyond seeing the amusement in stupidity like that!
With the printing of all this money it's no wonder our dollar is worth less. I believe it is now about 91 cents to the AUd. So, no good for Kiwis who are finally able to travel. I think we have reached a new low against the US dollar as well.
We have high inflation, staggering cost of living costs, mortgage rates and petrol increasing. I don't know how Ardern and Robertson can say we are world leaders.
Is it time for Ardern to issue one of her famous apologies to Kiwis. What is an appropriate costume I wonder? Sackcloth and ashes maybe.