ADRIAN ORR our NEW RBNZ GOVERNOR

[unhuman]

Regardless of which party they're in I'm sure all MP's just love Mr Orrs efforts over the last two years:

https://www.nzherald.co.nz/nz/house-...OHU476IKFJEWA/

[Aaron]

Regardless of which party they're in I'm sure all MP's just love Mr Orrs efforts over the last two years:

https://www.nzherald.co.nz/nz/house-...OHU476IKFJEWA/

A majority of MPs are Gen X I think, so maybe I am hating on the wrong generation, or maybe Gen X should be lumped in with the boomers especially the MPs carrying on policies that protect the older wealthier generations at the expense of future generations.

[Aaron]

Does not fit my narrative that it is all Adrian's fault but interesting none the less.

Good to see he is correctly blamed for overreacting before the pandemic.

30 years of declining interest rates do not get a mention. Immigration gets lumped in with population growth. Possibly mostly a supply issue and lack of investment.

https://www.msn.com/en-nz/news/natio...95936d22574218

Bernard Hickey said the same thing but he knows who to blame and once past blaming people maybe we should start taxing them and start investing in future generations, like we used to.

https://podcasts.apple.com/nz/podcas...=1000528251106

[Aaron]

An example of the wealth effect which Adrian talks about. We are not America but our current reserve bank governor seems to be following the same policies.

https://www.zerohedge.com/personal-f...inflation-rest

[Aaron]

Conclusion to the video is confirmation that anyone who does not own a home or have family help into one should not vote National OR Labour.

https://www.youtube.com/watch?v=Pg9yoibr8kY

[Aaron]

Not really monetary policy or RBNZ related.

As history has shown once the printing starts eventually people start getting upset when inflation takes off. Traditionally blame has fallen on immigrants and foreigners (or jews in the case of Nazi germany although they blamed other foreigners as well).

https://www.nzherald.co.nz/nz/covid-...2TKJBQPPRFXFU/

probably behind the paywall, but the gist of it is the govt and immigration NZ keen to get the immigration spigot open. The "special" one off covid residency visas were forecast to attract 165,000 applications but the headline which is a little misleading is that there could be 60,000 more than this, so 225,000. I am unsure how many get approved but I imagine labour want lots to boost GDP numbers and house prices and to suppress wage increases.

Grow and consume while putting on a ute tax to save the environment. How much carbon will the additional people emit even if they are all using public transport and electric cars.

Why all the lip service to climate change when this govt and preceding govts are all about more people consuming more stuff.

What about giving young kiwis a chance to buy a house before they are crowded out by foreigners again.

yes I am xenophobic and a little racist but is grow and consume really the best way forward for NZ.

Housing supply was starting to catch up with demand but I guess that will not be the case for long. yay more demand for housing. That should help the housing crisis no end.

[Aaron]

Maybe this is the reason. Employers having to up wage rates as no foreigners around to accept minimum wage.

https://www.stuff.co.nz/bay-of-plent...ng-60-per-hour

"Labour" seems an outdated name for the party these days.