Don Brash: Adrian Orr has a major inflation issue on his plate
- Administrator
- Apr 20, 2022
- 1 min read
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.
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!
My son was notified yesterday that his 2 year fixed interest loan terminates next month and the offer is 5.1%. Up from 2.4% How many people will be unable to meet such an increase. And this is just the start. Watch the real estate market when the recent first home buyers face this.