Simon Bridges and David Seymour want Adrian Orr to go. Probably because of the bi-cultural and climate change statements more than juicing the housing market. Appealing to their voter base I guess.
Doubt they would be complaining about him pushing up house prices if he was doing it while they were in power.
The Unions like him which is odd as it is their members by and large that his inflation will screw over. I guess the union reps own houses and are wealthier than their average member.
Sam Stubbs likes him but I guess any fund manager would.
Last edited by Aaron; 06-12-2021 at 03:10 PM.
Reason: clarity
The Unions like him which is odd as it is their members by and large that his inflation will screw over. I guess the union reps own houses and are wealthier than their average member.
Sam Stubbs likes him but I guess any fund manager would.
Orr is pink. Stubbs is "tinged" pink. Robertson is donkey deep pink. CTU economist is red. Only a Muppet couldn't join the dots; all which are all so perfectly lined up.
In regards to the monetary & fiscal bog mire that Orr & Robertson are dragging the country into, the question is, which one is the Dog, and which one is the tail?
Orr is pink. Stubbs is "tinged" pink. Robertson is donkey deep pink. CTU economist is red. Only a Muppet couldn't join the dots; all which are all so perfectly lined up.
In regards to the monetary & fiscal bog mire that Orr & Robertson are dragging the country into, the question is, which one is the Dog, and which one is the tail?
I am assuming "pink" means left leaning. The monetary and fiscal bog has been building for a few decades I would have thought, but only recently started accelerating.
Bascand, who leaves the RBNZ in the new year, also pushed back against expectations the RBNZ should be expected to fix the shortage of houses or high prices.
Just a supply issue? Me doth think he protests too much.
“The key reason we expect house price inflation to slow is rising interest rates. The higher OCR will translate to higher mortgage rates, reducing demand for housing. House prices are forecast to fall slightly on an annual basis over 2023 and 2024, shortly after interest rates peak.”
Treasury didn't get the memo that rock bottom interest rates are only a bit part in housing hyper inflation.
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