yes 2 billion people believe in fib levels so with that believe it becomes self reinforcing in our march towards first level.
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Mike Hosking then interviewed Orr, who criticised the lack of competition between New Zealand banks.
“There is a total lack of competition between the big four [banks].
”They have pricing power... we stand completely beside what we do, and that big four grip must be broken, and it will be broken by innovative products.”
https://www.nzherald.co.nz/business/...K3Y3JYWZ3P3H4/
hgh got an innovative product coming ?
Please don’t insult twits.
Orr is a ‘class A’ buffoon who completely fxxked up monetary settings during 2020 to 2022 (along with that *itch Ardern) and landed NZ in the economic mess which he is dragging out to save his own skin and job.
What a freaking joke Orr is. Imagine his thought process when he is incorporating Maori myths and legends into monetary policies!
Seen anyone or anybody outside of Robbo or the Labour Party endorsing him as having done a good job?
The saying you're thinking of sport is;
Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.
If balances contact reported to him from the 100 foot yacht in the med then I'll take it seriously.
But then again, would I believe that someone with the ability to predict this stuff would freely share it?
What your friend is seeing is what I am seeing and hearing from business owners. Hours cut at Harvey Norman for staff, Hotel workers asked to take holiday pay, as there are no guests, takeaways and restaurants begging for customers. This is why I still see albeit (through my rose tinted glasses), that interest rates need to come down by the end of this year.
It will be a sad 2025 for some if the tap is not turned on slowly.