OCR Rate

**Lias** · 30th January 2009, 07:44

On a completely unrelated note, I really wish he'd stop dropping the OCR. I want our government to do everything it can to achice dollar parity with the greenback.

Partly so I can sit and laugh at all the farmers that will top themselves, but mostly because I dont give a fuck about exporters and simply want cheaper imported shit.

Not to mention that their attempts to save our economy are slowing the tumble in house prices.. I want our economy to tank so hard you can buy a central auckland penthouse for $100k :-)

**ManDownUnder** · 30th January 2009, 07:51

Originally Posted by Finn

Financial advice from an academic American?

Why not - the US financial system's something we could all learn from! Ask Fanny... or Freddie...

**McDuck** · 30th January 2009, 10:00

Originally Posted by Lias

Partly so I can sit and laugh at all the farmers that will top themselves, but mostly because I dont give a fuck about exporters and simply want cheaper imported shit.

Dont worry you would lose out in the end.... there is a reason why primary industry is called primary industry.... (ignoring all risk of responding to a P/T)

**Lias** · 30th January 2009, 10:46

Originally Posted by McDuck

Dont worry you would lose out in the end.... there is a reason why primary industry is called primary industry.... (ignoring all risk of responding to a P/T)

There was a quasi note of reality in the p/t, it really does piss me off when our dollar is low against the US, and I'd genuinely like to see our currency pegged against the US at upwards of 75cents.

**McDuck** · 30th January 2009, 10:56

Originally Posted by Lias

There was a quasi note of reality in the p/t, it really does piss me off when our dollar is low against the US, and I'd genuinely like to see our currency pegged against the US at upwards of 75cents.

While it is nice having it up that high for inports etc you do need to remeber thatthere are also many people kept in work for exporters through opperations that are not economical with the doller at 75c. If all those oppertions go then NZ will not have enough dollers coming in and will fall over.

**Lias** · 30th January 2009, 11:47

Originally Posted by McDuck

While it is nice having it up that high for inports etc you do need to remeber thatthere are also many people kept in work for exporters through opperations that are not economical with the doller at 75c. If all those oppertions go then NZ will not have enough dollers coming in and will fall over.

I thought our main export thesedays was expats to aussie

**McDuck** · 30th January 2009, 11:50

Originally Posted by Lias

I thought our main export thesedays was expats to aussie

But we damn nere need to pay to have them taken away, we need income....

**jrandom** · 30th January 2009, 16:50

Originally Posted by Finn

Financial advice from an academic American?

See my comments in post #41 regarding Murkn academics.

**McDuck** · 30th January 2009, 17:17

Originally Posted by Quasievil

I see BNZ new credit card interest rates have dropped a whole 1% to 21.75% how can they justify that?

I borrowed a few grand to help pay for the 400, national have put the intrest rate up by 2%? That didnt make sence, i rang them up and asked them and could not get an answer from them. Sure as hell they will not be getting my buisness for much longer