Wednesday, 8 October 2008


To do what the Aussies have done and slash a percent of the interest rate?

We reckon Bollard might cut .75 but 100 might be a bit rich for his blood.

This from the Herald

1 comment:

Observer said...

He needs to go better and put the OCR down to 6% if we are to have a snowball's chance in hell of survivng this depression with any goods production capability at all.

When we stop making most of the things that everyone needs every day, we have a BIG and LONG TERM crisis on our hands.

IN a world where credit is tight you need to have at least a stimulous as big as your major competitor's to stay in the game.

Bollard has to keep us in the game or we will end up as the next state of somewhere!