Anyone upset about Auckland house prices can blame immigrants but the person whose feet most of the blame should be laid at is Graeme Wheeler. No interest rate rises until mid 2019 in spite of the cost of everything rocketing. Admittedly he is also fighting a global currency war and trying to keep the nz dollar down at the same time.
Interesting to see how it all plays out over the next few years.
Anyone upset about Auckland house prices can blame immigrants but the person whose feet most of the blame should be laid at is Graeme Wheeler. No interest rate rises until mid 2019 in spite of the cost of everything rocketing. Admittedly he is also fighting a global currency war and trying to keep the nz dollar down at the same time.
Interesting to see how it all plays out over the next few years.
Graeme stuffed up big time - when the crash comes it will be worse than it needed to be. And he won't be doing anything now as he working out his contract.
Aaron, at least you don't need to worry about timing when the crash might happen - only knowing when bottom has been reached is the key eh.
Last edited by winner69; 23-03-2017 at 09:52 AM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Not that I agree with all his views maybe I should have listened to Milton Friedman sooner. Massive money supply increase equals inflation. No crash for me to buy in I guess.
Actually not sure where to post this but didn't want to clog up a thread I haven't been reading.
Not related but I think this guy just nailed what is driving the rest of the world. https://www.theguardian.com/business...onomic-failure
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Originally Posted by winner69
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