Interesting that in NZ real long-term bond yields are still barely higher than those prevailing just prior to Covid.
Market sort of saying we don't have an inflation problem ...that needs fixing
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Interesting that in NZ real long-term bond yields are still barely higher than those prevailing just prior to Covid.
Market sort of saying we don't have an inflation problem ...that needs fixing
Is that NZ rates? Where do you get your information from. I should probably try harder to understand things.
I listen to a lot of market commentators who think deflation will be an issue. I guess the Federal Reserve is only buying $60,000,000,000 a month of bonds now. I wonder how they establish what interest rate they will accept before buying a bond. I don't know but I suppose that is only short term bonds. Would $720,000,000,000 annually even be noticed. I guess the RBNZ isn't doing any bond buying if we are talking about NZ rates.
Some commentators have also suggested there is no price discovery in bond markets anymore, I would have to look back for their reasoning behind this view. Possibly something about central bank buying.
Wars happen for more than just political or religious ideology.
Wars happen because money is to be made.
When the virus eventually runs it's course, there's always a good old war that needs the money printers to fire up again.
Just need Russia to make a move on The Ukraine or China to make a move on Taiwan$$
https://youtu.be/NHOg-lMPuaM
Total failure by the RBNZ.
https://www.msn.com/en-nz/money/news...?ocid=msedgntp
I wonder what they are doing to rectify the situation. I think the Maori word for this is kahore.
Interesting article, I assume Viktor knows what he is on about.
https://www.zerohedge.com/economics/...inguishedalong
The last couple of paragraphs were interesting he sees that "We're still very much driven by financialization, we're still very much driven by leverage, by assets and asset prices being acute to what we do."
"And so the role of Federal Reserve is not inflation or unemployment, that's not their mandate. Their mandate is being an interlocal, effectively, between two spheres. One is financial markets and capital markets, which are 510 times larger than the underlying economies."
He touches on a problem I think was raised by Karl Marx. How do the owners of society keep their businesses going if a large chunk of the consumers run out of resources. Seems a bit extreme but it is the road we are headed down if you look at wealth inequality over the last 30 years.