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  1. #521
    Senior Member TeslaGod's Avatar
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    Still believe Adrian Orr and company pulled the trigger to early lowering the OCR.

    Inflation data although higher is slowing overseas in major economies like China and the US.

    Adrian can't control higher import prices like gas at the pumps.

    Higher interest rates and import costs are going to slow business recovery from Aucklands imprisonment..don't expect a xmas bonus with your holiday pay.
    Last edited by TeslaGod; 15-10-2021 at 09:12 AM.

  2. #522
    Senior Member TeslaGod's Avatar
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    Quote Originally Posted by TeslaGod View Post
    Still believe Adrian Orr and company pulled the trigger to early lowering the OCR.

    Inflation data although higher is slowing overseas in major economies like China and the US.

    Adrian can't control higher import prices like gas at the pumps.

    Higher interest rates and import costs are going to slow business recovery from Aucklands imprisonment..don't expect a xmas bonus with your holiday pay.
    Negative OCR most likely coming mid decade driving up asset prices.

  3. #523
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    Quote Originally Posted by TeslaGod View Post
    Still believe Adrian Orr and company pulled the trigger to early lowering the OCR.

    Inflation data although higher is slowing overseas in major economies like China and the US.

    Adrian can't control higher import prices like gas at the pumps.

    Higher interest rates and import costs are going to slow business recovery from Aucklands imprisonment..don't expect a xmas bonus with your holiday pay.
    I guess raising the OCR will attract investment to NZ and drive up the value of the $NZ making imports more affordable?

    Also in the news Matthew Hooton identifies the reason for rising house prices. Matthew is a bit right leaning for my liberal/socialist tastes. He identifies MMP has created weak governments pandering to the median voter (boomer) who will not do anything to stop the meteoric rise in house prices. I don't disagree with his theory but I would add targeted inflation was adopted in 1990 and MMP in 1993. I would suggest the targeted inflation mandate has pushed up the price of houses but MMP has meant no govt National or Labour will stop it for fear of losing votes.

  4. #524
    Senior Member TeslaGod's Avatar
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    Quote Originally Posted by Aaron View Post
    I guess raising the OCR will attract investment to NZ and drive up the value of the $NZ making imports more affordable?

    Also in the news Matthew Hooton identifies the reason for rising house prices. Matthew is a bit right leaning for my liberal/socialist tastes. He identifies MMP has created weak governments pandering to the median voter (boomer) who will not do anything to stop the meteoric rise in house prices. I don't disagree with his theory but I would add targeted inflation was adopted in 1990 and MMP in 1993. I would suggest the targeted inflation mandate has pushed up the price of houses but MMP has meant no govt National or Labour will stop it for fear of losing votes.
    My God Aaron, your admitting your a socialist?

    Go and take some history lessons of the last century to see how that worked out.

    Although capitalism isn't perfect, it's a far better alternative.

  5. #525
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    Quote Originally Posted by TeslaGod View Post
    My God Aaron, your admitting your a socialist?

    Go and take some history lessons of the last century to see how that worked out.

    Although capitalism isn't perfect, it's a far better alternative.
    I hear people saying silly things like "tax is evil" yet they fail to see they are living in one of the best countries in the world largely due to strong public institutions funded by tax and relatively honest politicians.

    My concern is that now we have done away with estate and death duty, gift duty (thanks John) we won't touch capital gains where do we end up. A concentration of wealth and income in fewer and fewer hands? Growing inequality, loss of social mobility? hereditary home ownership? Sounds more like feudalism than capitalism.

    To be fair I am mostly concerned about these issues because I don't think I hold enough of the wealth, rather than a genuine concern for the poor.
    Last edited by Aaron; 15-10-2021 at 02:12 PM.

  6. #526
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    Quote Originally Posted by SBQ View Post
    That all depends on which stocks you own.
    So none of the US stocks you own have been affected by actions of the US Federal Reserve?

  7. #527
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    Quote Originally Posted by Aaron View Post

    To be fair I am mostly concerned about these issues because I don't think I hold enough of the wealth, rather than a genuine concern for the poor.
    which makes you a capitalist yeh? ;+)
    For clarity, nothing I say is advice....

  8. #528
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    Quote Originally Posted by peat View Post
    which makes you a capitalist yeh? ;+)
    I like to think I am somewhere to the left of centre. Depends on the issue.
    Last edited by Aaron; 15-10-2021 at 02:42 PM.

  9. #529
    Senior Member TeslaGod's Avatar
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    Quote Originally Posted by Aaron View Post
    I like to think I am somewhere to the left of centre. Depends on the issue.
    So you basically represent including the center right the largest voting block.

    The center or middle class who vote for protecting house prices and there wealth.

    You sound confused.

    You need to vote green if you truly believe your own post or the NZ communist political party.
    Last edited by TeslaGod; 15-10-2021 at 03:04 PM.

  10. #530
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    Quote Originally Posted by TeslaGod View Post
    So you basically represent including the center right the largest voting block.

    The center or middle class who vote for protecting house prices and there wealth.

    You sound confused.

    You need to vote green if you truly believe your own post or the NZ communist political party.
    Yeah probably but I would consider capital gains tax, means test national super, reign in the central bank. I lack the selfishness of a boomer and don't like the idea of shi**ing on the next generation of NZers that the boomer generation has embraced over the years.

    Don't forget The Opportunities Party (TOP). Imagine where they could have been if they had been smart enough to focus on an electorate seat first time round. Gareth Morgan too arrogant to consider it. Personally I would have found a marginal seat and tried to find and All Black or TV celebrity to run. With 2.4% of the vote they did better than ACT and the Maori party in 2017 and with an electorate seat they would have had 2 MPs at least.
    Sadly the cat issue may have sunk the party before it began.

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