Every Central Bank around the world cut there interest rates,if we didn't we would have had a strong NZD and nothing to buy with it last year.It was our exports that kept our economy afloat along with the housing market (capital)
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So public health, public education, police, defence, disaster relief, border control are evil too? Is John Lennon's Imagine your favourite song?
The hefty capital gains beefed up by the RBNZ interest rate mandate are mostly tax-free for the investors that get them. It is the income earners that have a tax burden.
Agreed. much like a developing country.
Would you also agree that Central Bank actions supported(encouraged) the housing market? Govt(not quite but a govt created (but independent) body) intervention making home owners richer while all the people not owning homes just carry on whining about it to the govt. What a pack of useless pr*cks expecting govt policy to make them wealthier. They should do what you do.
4% unemployment - we'll see what Adrian (and the committee) does with that shortly.