Public Address | Cafe | Island Life: Sound as the pound https://publicaddress.net/system/cafe/ en-us Copyright (c) 2026 Public Address Craig Ranapia https://publicaddress.net/system/cafe/island-life-sound-as-the-pound/?p=21125#post21125 https://publicaddress.net/system/cafe/island-life-sound-as-the-pound/?p=21125#post21125 Stephen:

While the thought of Doctor Bollard getting stomped by a fiscal Lady Snowblood, before she wandered off for a love hotel tryst with the Kiwi, was mildly titillating you were much more informative. :)

And I think you made a fair point: Sure, I don't think James Weir was…

]]> Tue, 19 Jun 2007 09:51:32 +1200 Stephen Judd https://publicaddress.net/system/cafe/island-life-sound-as-the-pound/?p=21122#post21122 https://publicaddress.net/system/cafe/island-life-sound-as-the-pound/?p=21122#post21122 Tue, 19 Jun 2007 09:32:04 +1200 Craig Ranapia https://publicaddress.net/system/cafe/island-life-sound-as-the-pound/?p=21120#post21120 https://publicaddress.net/system/cafe/island-life-sound-as-the-pound/?p=21120#post21120 slitty-eyed hausfraus in Japland – again! Serious question: Do these currency-speculating Japanese housewives actually exist, or is it more Asian Angst where there's a lot less to the story than meets the eye? ]]> Tue, 19 Jun 2007 09:12:10 +1200 Ian Hickling https://publicaddress.net/system/cafe/island-life-sound-as-the-pound/?p=21118#post21118 https://publicaddress.net/system/cafe/island-life-sound-as-the-pound/?p=21118#post21118 Tue, 19 Jun 2007 08:56:26 +1200 Rob Stowell https://publicaddress.net/system/cafe/island-life-sound-as-the-pound/?p=20701#post20701 https://publicaddress.net/system/cafe/island-life-sound-as-the-pound/?p=20701#post20701 It would sure be radical. And as long as everyone else stayed on course, it might just work. But then so might Bollard's "warning shot"- in the short term.
I'd like to see more controls/restrictions on bank lending either way. "The West" has a credit addiction and (in a strange…

]]> Wed, 13 Jun 2007 16:27:56 +1200 Neil Smart https://publicaddress.net/system/cafe/island-life-sound-as-the-pound/?p=20698#post20698 https://publicaddress.net/system/cafe/island-life-sound-as-the-pound/?p=20698#post20698

I think a lot of people think that when they hear the Reserve Bank spent $1bln intervening in the markets then that's money out the door?

I don't object to the tinkering but do not believe it will solve the problem. I also believe you cannot solve the problem in…

]]> Wed, 13 Jun 2007 16:08:14 +1200 Raf Manji https://publicaddress.net/system/cafe/island-life-sound-as-the-pound/?p=20611#post20611 https://publicaddress.net/system/cafe/island-life-sound-as-the-pound/?p=20611#post20611 Actually Neil is spot on. The problem we have now is an enormous supply of cash, or more correctly debt in the form of money, sloshing around the global economy.

The Japanese have been printing yen for 10 years flat out and the money supply of all major nations has…

]]> Tue, 12 Jun 2007 22:28:29 +1200 Rich of Observationz https://publicaddress.net/system/cafe/island-life-sound-as-the-pound/?p=20598#post20598 https://publicaddress.net/system/cafe/island-life-sound-as-the-pound/?p=20598#post20598 I think a lot of people think that when they hear the Reserve Bank spent $1bln intervening in the markets then that's money out the door?

Actually, if they sold (e.g.) 1bln NZ dollars for USD at 0.760, then they now hold 760 million (extra) US dollars. At the present…

]]> Tue, 12 Jun 2007 17:27:39 +1200 Neil Smart https://publicaddress.net/system/cafe/island-life-sound-as-the-pound/?p=20574#post20574 https://publicaddress.net/system/cafe/island-life-sound-as-the-pound/?p=20574#post20574 Sorry guys read the post again.
The problem is oversupply. NZ is a small market and money is coming here because we pay the best rate of interest in the OECD. If you reduce the cash rate and lower interest rates the oversupply will dissappear so you will not get…

]]> Tue, 12 Jun 2007 16:20:05 +1200 Marcus Neiman https://publicaddress.net/system/cafe/island-life-sound-as-the-pound/?p=20561#post20561 https://publicaddress.net/system/cafe/island-life-sound-as-the-pound/?p=20561#post20561 Tue, 12 Jun 2007 15:02:57 +1200 Nobody Important https://publicaddress.net/system/cafe/island-life-sound-as-the-pound/?p=20560#post20560 https://publicaddress.net/system/cafe/island-life-sound-as-the-pound/?p=20560#post20560 can afford a house .... well, you'll… ]]> Tue, 12 Jun 2007 14:59:12 +1200 Neil Smart https://publicaddress.net/system/cafe/island-life-sound-as-the-pound/?p=20556#post20556 https://publicaddress.net/system/cafe/island-life-sound-as-the-pound/?p=20556#post20556 Obviously not the most interesting subject given the number of responses?

Surely the answer is to fly in the face of economic orthodoxy. Is this not the time for a new Keynes or Friedman to appear?

Surely the problem is caused by the US exporting its inflation to the rest…

]]> Tue, 12 Jun 2007 14:42:34 +1200 Nobody Important https://publicaddress.net/system/cafe/island-life-sound-as-the-pound/?p=20541#post20541 https://publicaddress.net/system/cafe/island-life-sound-as-the-pound/?p=20541#post20541 Thank you! I thought I was the only one who remembered this. I've mentioned it in RB's blog so I won't repeat myself here. Suffice to say anyone who wants to know how these things work (fail) should wiki either Soros or Black Wednesday.
Currency speculators love this sort of…

]]> Tue, 12 Jun 2007 13:41:42 +1200 Marcus Neiman https://publicaddress.net/system/cafe/island-life-sound-as-the-pound/?p=20502#post20502 https://publicaddress.net/system/cafe/island-life-sound-as-the-pound/?p=20502#post20502 To be fair, I suspect that it would be much easier to ease down the NZ dollar in 2007 that it was to try and prop up the Pound in 1992, given the relative states of those two economies...

It does seem though that the RBNZ aren't sparing any expense…

]]> Tue, 12 Jun 2007 10:49:10 +1200 Public Address https://publicaddress.net/system/cafe/island-life-sound-as-the-pound/?p=20501#post20501 https://publicaddress.net/system/cafe/island-life-sound-as-the-pound/?p=20501#post20501 Discussion from blog post.

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