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26-06-2019, 02:47 PM
#1851
Originally Posted by bull....
intelligent politicians have finally realised a deposit insurance scheme might be in NZ interest. As the only developed country without one it took long enough although its not been approved and is only in principle lets hope they get a move on the next crash might be just around the corner.
Deposit protection reduces case for RBNZ bank capital increase, Grant Robertson says
https://www.nzherald.co.nz/business/...ectid=12243499
Agreed absolutely essential, though v disappointed to hear it may only cover deposits up to $30,000 or possibly $50,000 which is way too low Imo.
Don't know how accurate these figures are but read that would cover 90% of depositors, but only 40% of bank deposits.
Would hate to think the R.B. pushed into accepting this little sticking-plaster as good enough. Australia guarantees up to $250,000.
If HMS NZ Inc hits an iceberg, no good the govt saying, stay calm everybody we have enough life boats to go around. Oh no Grant, we don't!
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26-06-2019, 04:03 PM
#1852
You like?
" Cyprus. There, the 2012 financial crisis led the Cypriot government to confiscate its citizens’ savings, obviously without asking first. Everyone with a bank account containing over €100,000 had to contribute 9.9% to the empty coffers of the State, and those with less paid 6.75%."
https://tax-free.today/blog/4-lesson...otect-savings/
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27-06-2019, 01:25 PM
#1853
Originally Posted by Blue Skies
Agreed absolutely essential, though v disappointed to hear it may only cover deposits up to $30,000 or possibly $50,000 which is way too low Imo.
Don't know how accurate these figures are but read that would cover 90% of depositors, but only 40% of bank deposits.
Would hate to think the R.B. pushed into accepting this little sticking-plaster as good enough. Australia guarantees up to $250,000.
If HMS NZ Inc hits an iceberg, no good the govt saying, stay calm everybody we have enough life boats to go around. Oh no Grant, we don't!
The amount is a bit pathetic, already spread mine around the different banks but if it is only 30k then why even bother. 50 is better than nothing but in this day and age it not exactly a fortune.
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01-07-2019, 09:14 AM
#1854
RBA meeting tomorrow
RBA poised to swing the axe on rates again; the market says it has to
https://www.abc.net.au/news/2019-06-...ction=business
makes our yields look even better still when they cut
one step ahead of the herd
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02-07-2019, 12:20 PM
#1855
Business confidence plunge: ASB predicts big rate drop
https://www.nzherald.co.nz/business/...ectid=12245766
With economic momentum continuing to slow, we now expect the RBNZ will cut the OCR twice more, in August and November, bringing the Official Cash Rate (OCR) to 1 per cent," ASB economist Jane Turner said.
get your income why you can
dont forget rba at 4.30pm
Last edited by bull....; 02-07-2019 at 12:25 PM.
one step ahead of the herd
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02-07-2019, 05:19 PM
#1856
Originally Posted by bull....
As widely expected, they cut rates down to 1% this arvo.
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03-07-2019, 08:50 AM
#1857
Originally Posted by sb9
As widely expected, they cut rates down to 1% this arvo.
and pricing is for another cut before xmas
RBA cuts again and leaves room for more
https://thebull.com.au/rba-cuts-agai...room-for-more/
just adds to the pressure on the RBNZ TO KEEP CUTTING
one step ahead of the herd
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09-07-2019, 09:32 AM
#1858
The need for the Reserve Bank to cut the Official Cash Rate to 1% and below looks "increasingly likely" according to economists at Kiwibank
https://www.goodreturns.co.nz/articl...-kiwibank.html
one step ahead of the herd
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09-07-2019, 03:36 PM
#1859
Why the straitjacket of 0.25% movements? Would a series of movements at 0.1% do?
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09-07-2019, 03:52 PM
#1860
Deposit protection insurance with no capital requirement hike, is just a taxpayer subsidy to bank shareholders...does Grobocop understand that or is he too thick to see through the bank spin?
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