Again, repeat after me "Don't fight the FED!"Quote:
I am an idiot for not going with the obvious trend and leveraging up as much as I could at what were low prices.
;)
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Again, repeat after me "Don't fight the FED!"Quote:
I am an idiot for not going with the obvious trend and leveraging up as much as I could at what were low prices.
;)
Really just a reminder for later to see if they do what they say.
https://www.msn.com/en-nz/news/natio...?ocid=msedgntp
I imagine that will change if house prices were to fall.
This article makes the NZRB sound like they thought of it. Little do they realise it is a mealy-mouthed response from Grant Robertson to look like he is addressing house price inflation.
https://www.zerohedge.com/markets/pi...adds-more-fuel
I doubt anyone at the central bank has had an original thought since the 1980s/90s. Trickle down economics still seems to be in vogue. Lower interest rates to increase asset prices making people feel wealthier so they will consume and spend more, rinse and repeat. Run out of interest rates to cut no worries go negative even if it makes no sense. Printing an endless amount of money is also great with apparently no consequences.