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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (71685)	12/14/2009 5:43:24 PM
From: Maurice Winn	1 Recommendation Read Replies (1) \| Respond to of 74559

People in NZ have been going stupid lately, borrowing more to buy houses simply because they can afford it because interest rates dropped so much. They are like children in a lolly shop, tipping their money on the counter and asking how many lollies they can get for the amount of money they have. Hence the idea that interest rates in NZ might be going up a bit. But meanwhile, the NZ government is borrowing umpty$billions to fund their wastrel ways with no visible means of repayment. It will not end well [it has already gone badly for 30 years with not much respite though in the mid 1980s things improved for a while with deregulation] Mqurice