OCR rate cut is desperation not a turning point

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The OCR Cut is not turning the corner, it’s a sign of panic and desperation!

Put aside the bullshit cheerleaders for capitalism who populate our media with optimistic fairy tales aimed at boosting the animal spirits of the free market and look at how bad the economy really is…

RBNZ says job-finding rate is worst in 30 years but businesses are hesitant to fire staff

Do rate rises in response to the OCR cut suggest the Reserve Bank bungled its comms and slowed the economy recovery?

…once our new ice queen Reserve bank Governor with glacier melt for blood takes over, watch how she starts pushing interest rates up. She has already stated how extreme she intends to be on this front with a laser like focus on inflation.

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We have the worst economic growth since Ruth Richardson!

The Government has done such a terrible job with the economy, all they have left is whatever monetary easing they can squeeze out.

This is desperation, it isn’t an economic plan.

 

 

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