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  1. #81
    Speedy Az winner69's Avatar
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    RB Governors always seem to act oddly when there’s a Labour Government

    What happened to the RBNZ pro-growth experiment in the early 2000’s .....ended up in tears and a recession (and then we were hit with the GFC the following year)
    Last edited by winner69; 11-05-2019 at 03:48 PM.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  2. #82
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    Quote Originally Posted by winner69 View Post
    RB Governors always seem to act oddly when there’s a Labour Government

    What happened to the RBNZ pro-growth experiment in the early 2000’s .....ended up in tears and a recession (and then the following year the GFC)
    But this time its different !

  3. #83
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    Quote Originally Posted by winner69 View Post
    RB Governors always seem to act oddly when there’s a Labour Government

    What happened to the RBNZ pro-growth experiment in the early 2000’s .....ended up in tears and a recession (and then the following year the GFC)
    I often wondered who or what caused the Global Financial Crisis.


  4. #84
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    John Roughan in the herald this morning discussed the committee, which highlighted how little I know about the reserve bank. It sounds like he also can't understand why the cut when targets are being met.

    https://www.rbnz.govt.nz/news/2019/0...onomy-and-jobs

    https://www.nzherald.co.nz/business/...ectid=12230142

    For those with premium access. Sorry I know how frustrated I used to get with links to the NBR.

  5. #85
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    I can't crack the Herald's paywall but the need for an interest rate cut eludes a lot of us! It's got to be an attempt to boost that stubbornly low inflation rate - and risk the Auckland housing market recovering it's strength.

  6. #86
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    Quote Originally Posted by macduffy View Post
    I often wondered who or what caused the Global Financial Crisis.

    i think most commentators put it down to the securitization of sub prime mortgage lending.

    I blamed Adrian for wanting to make his mark and that may still possibly be a factor but we are not really able to fully apportion blame on him due to the committee decision
    Quite a few articles now in the NZHerald Premium questioning this decision. Seems very right to question it to me.
    I believe the way to crack the paywall is to pay a measly $10 for the first eight weeks.
    For clarity, nothing I say is advice....

  7. #87
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    Criticism from a former RBNZ official of the bank's capital adequacy proposals.

    http://www.sharechat.co.nz/article/7...-official.html

  8. #88
    Speedy Az winner69's Avatar
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    Quote Originally Posted by macduffy View Post
    Criticism from a former RBNZ official of the bank's capital adequacy proposals.

    http://www.sharechat.co.nz/article/7...-official.html
    Orr is a danger


    “Bank risk analysts are appalled at what they are seeing. The bank may not particularly care, because they are playing to a different audience: politicians, the general public and the media who don’t understand the subject area,” Harrison says.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  9. #89
    Speedy Az winner69's Avatar
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    A critic of the RBNZ has his submission blocked as spam ...funny eh

    https://croakingcassandra.com/2019/0...sals/#comments
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  10. #90
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    Quote Originally Posted by winner69 View Post
    A critic of the RBNZ has his submission blocked as spam ...funny eh

    https://croakingcassandra.com/2019/0...sals/#comments
    A very interesting submission.

    The anti-Australianism alleged in the submission became more pronounced after the turbulence of the 1980's which saw a succession of takeovers: the BNZ purchased/bailed out by the NAB, Trustbank bought by Westpac and, more recently ASB by the Commonwealth Bank and eventually NBNZ, previously British-owned, by ANZ. Prior to the 80's, the Australian influence was balanced by local and British interests but this is now no longer the case and it seems that the RBNZ feels that it is being directed by outside agencies.

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