The party can't go on forever
A reflection on the madness of artificially low interest rates.
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Hawke’s Bay
In July 2007 the OCR was at 8.25%. It’s now down to 1.75%.
This is madness. The interest rate is the price for money, it is the difference between consuming something now verses something in the future. It is the figure that drives investment, savings, consumption and asset prices.
It is the
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Damien Grant
Thu, 12 Jan 2017
Thu, 12 Jan 2017
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The party can't go on forever
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