ITS TOUGH BEING POLLYANNA

The NZIER doesn't even try to put a gloss on their latest quarterly report. Pretty dire but a clear recommendation for the OCR to be dropped again to bolster consumer spending.

Anyway read the report here
nzier report

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DR KEY TAKES FINANCIAL PULSE

Banks are central to the economic buffeting we are taking so it makes serious sense to be talking to them. We hope these meetings will be relatively regular.

OUR MONEY IS ON A 200 POINT DROP BY BOLLARD

Why? He has the balls, things are bad and everyone else around the world in his position has been ballsy.

BOLLARD LOOKS LIKE A NUMPTY

We have been watching the deposit guarantee scandal with a great deal of interest. Bollard has been compromised there is not doubt about that now. He let himself become a puppet of Clark for her political ends and now his name is linked to a scheme that financial pundits are saying will skew the financial markets and may well help prop up the wide boys in the finance sector.

Not good enough -the Guvnor of the Reserve Bank cannot be a puppet. Time to go old boy.

The Hive is also calling for his head here

And Hooton is calling a cullen a liar - we reckon he is a lying weaselly two faced bastard.

THE WILD RIDE CONTINUES

The market volatility continues with banks around the world cutting interest rates and the share market graphs are looking like a big dipper ride.

the question today is will Bollard smash the cash rate by 100 points - Most pundits think its one the cards.

Stuff has a good round up

WILL BOLLARD HAVE THE BALLS?

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