Ongoing discussion about economists and central bankers that provides confirmation bias to my views.
https://www.zerohedge.com/markets/se...tes-criminally
If you are interested, won't change anything though.
How much faith you have in articles from Zero Hedge is over to you.
Is this really just a supply issue?
https://www.msn.com/en-nz/money/news...?ocid=msedgntp
Prior to lockdown a 10% decrease in house prices was predicted. Adrian Orr in his wisdom dropped interest rates and printed money to give to the banks to encourage lending. More than even the banks wanted by the sound of it. House prices shot up 20%.
Politicians express concern about housing affordability and although Adrian has calmed down the money printing, interest rates have not moved.
Adrian has explained asset prices are not in his mandate so he doesn't care, but what are govt doing? Tinkering with tax changes making life unnecessarily complicated while ignoring the obvious. Unfortunately not a single politician has spoken out about this ongoing travesty. (The greens may have but I don't listen to them much)
It is nice to see in the first article someone reminding us that economics is not a science.