have a beer....you'll feel beter...and we can start the intelectual convo in the morning...work finnished hours ago...Originally Posted by idb
I suspect that there is at least one generation on this site that doesn't remember the "good old days" when HP and credit card credit rates hovered dangerously close to 30% per annum; when you needed overseas funds to buy a new car; when second-hand cars were worth more than new ones; you needed a doctor's certificate saying you were disabled to get an automatic one; and when heaters were dealer fitted extras. Mrs H and I had a first mortgage at 18% when we bought our first home and that is only 17 short years ago.
Inflation in New Zealand in the 1970s ran at about 15%, plus or minus, for years. This is what set the scene for Roger Douglas' economic reforms of the mid-1980s.
We were precipitously close to falling into the third world. People who scoff at the Reserve Bank's current inflation target have no idea of the havoc that rampant inflation causes and should wake up and smell the coffee. Our nation's current account deficit scares me silly. I should stop here before I get too excited about left-wing political agendas and the journey to hell in a handcart...
"Standing on your mother's corpse you told me that you'd wait forever." [Bryan Adams: Summer of 69]
It wont happen. Generally if they try using the intelligence center in the brain they end up curled up on the floor thumb in mouth making baby noises - I think the single-cell suffers from neural overload causing a short circuit.Originally Posted by idb
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Following on with Hitchers post, does anyone remember what the top tax rate was in that period. It was something like 70-80% I think - compared to the current 48%.
The contents of this post are my opinion and may not be subjected to any form of reality
It means I'm not an authority or a teacher, and may not have any experience so take things with a pinch of salt (a.k.a bullshit) rather than fact
Sooooo....doesn't that just show that economics is all voodoo and that economists might as well wear big grass skirts and wooden masks while leaping around rattling bones and bleeding goats?Originally Posted by kerryg
That is to say, economics is a pseudo-science trying to predict cause-and-effect when the whole model can be so easily upset by something as unpredictable as human nature, or a big wind on the other side of the world....
...she took the KT, and left me the Buell to ride....(Blues Brothers)
And in fact make economists the most dangerous group of people in the world because, despite dictating government fiscal policies and social agendas, in fact they have no f*cking idea what's going to happen......?
I propose a jihad.
...she took the KT, and left me the Buell to ride....(Blues Brothers)
I can remember 68% but I never qualified. - I must have been around ten at the time (1977).Originally Posted by TwoSeven
And I to my motorcycle parked like the soul of the junkyard. Restored, a bicycle fleshed with power, and tore off. Up Highway 106 continually drunk on the wind in my mouth. Wringing the handlebar for speed, wild to be wreckage forever.
- James Dickey, Cherrylog Road.
I remember it Hitcher but it was just a bit before I was old enough to care.Originally Posted by Hitcher
Alcohol, bikes, cars and gir.......no, mainly alcohol, bikes and cars were my concerns.
No argument about the inflation target, my query is whether the method of control is working.
Maybe Marmoot is right - the old ways just aren't appropriate any more.
A shared currency with a big player is looking more logical the more I think about it. Maybe Indonesia - what's that, is it the Baht or something?
That would teach Australia for shitting on us twice over the World Cup!
...she took the KT, and left me the Buell to ride....(Blues Brothers)
Heyyyy....you're right...!!!Originally Posted by cowpoos
...she took the KT, and left me the Buell to ride....(Blues Brothers)
idb, I agree with you initial post on this thread, as a selfish prat I want to know why I can't get my T'bird at a $ for $ rate instead of 69 cents for the (US) $.
And as we are so dependent on imports does it NOT make sense to have the dollar high?
Paradoxicaly I guess that to pay for these imports we need top dollar for our exports - hence the need for a 'lower' dollar... what a conumdrum eh?
Winding up drongos, foil hat wearers and over sensitive KBers for over 14,000 posts...........![]()
" Life is not a rehearsal, it's as happy or miserable as you want to make it"
Hmmmm, a conumdrum indeed.Originally Posted by scumdog
But what to do..........?
Still 69c is damned good compared to 3 years ago or so.
It used to hover around 52c as I recall (not always reliable).
Isn't it over 70c at the moment?
...she took the KT, and left me the Buell to ride....(Blues Brothers)
Got married in las Vegas in 2001, licence cost $35, not bad thinks I - but then the NZ dollar was worth only 40 cents US!!Originally Posted by idb
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In 1980 it was dollar for dollar.
Winding up drongos, foil hat wearers and over sensitive KBers for over 14,000 posts...........![]()
" Life is not a rehearsal, it's as happy or miserable as you want to make it"
Heres the Solution . Buy NZ , ( I know they tried it, but the stuff that was made was crap ... you could buy better overseas ,cheaper ,,)
So we buy NZ , if its crap we say so .... and with the internet we can do a lot ... So instead of buying that Harris exhaust ,,,you buy NZ made and demand quality and GOOD service OR you will get it from Overseas
Oh and Save money in Kiwibank Countrys come to NZ for its farming expertise ..I am sure they can come to NZ for other stuff as well
Just a thought ....( but not Canterbury Draught ,,,you couldnt inflict that on an unsuspecting world !)
Stephen
"Look, Madame, where we live, look how we live ... look at the life we have...The Republic has forgotten us."
Dammit, I'm absolutely right! I'm always right and you know it! Long live me...Originally Posted by idb
If we want to peg it, the choices would only be Euro, USD, Chinese RMB or JPY. There is no point pegging it onto anything else except from those as they are normally the benchmark for export/import and stability (well....relatively speaking, at least politically)
Indonesian Rupiah is crap. The country may be big (220milion people, 1/8 world circumference, 13k+ islands, etc) but the economy is as stable as a prancing horse standing on a jelly pudding (yes, thank you I like that idiom. Newly invented by me).
Country size is not an indication of how good their currencies are. The political situation is the good indication.
Mr. Hitcher, the 'good ol days' is good, but if the government is not careful (or if we stop whinging) then next year may become back-to-the-future for us.![]()
And Brian'd'Marge suggesting Buy-NZ in bike forum? neverYou know you want that Akrapovic exhaust
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Elite Fight Club - Proudly promoting common sense and safe riding since 2024
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Inflation in the '80s did me a big favour. House prices soared, wages followed, and my good old Housing Corp mortgage stayed the same.
Speed doesn't kill people.
Stupidity kills people.
I admit ..I would like the ohilns and My Enfield does have a Carrillo rod and Kibble white valves set up ..Originally Posted by Marmoot
But knowing how some of these after market people make stuff.. I am sure people could do better in NZ (2 smoke expansion chambers)
For example I offer as evidence in my defense F1 engineering footpegs/rearsets beautiful stuff
Suspension tech .... why deal with america for the same stuff
I do where i can , for example I deal with local engineering shops ( F1) and I live miles away !!!!
Stephen
"Look, Madame, where we live, look how we live ... look at the life we have...The Republic has forgotten us."
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