MEDIAWATCH: When even the Herald’s apologist for Capitalism, Liam Dann can see it…

Liam Dann: Could an inflationary rebound ruin plans for a rate cut recovery?

• Local food prices rose 1.9% in January, the largest increase in nearly three years.
• The kiwi dollar’s fall is raising the cost of imported goods, impacting inflation.
• US inflation at 3% and Donald Trump’s policies could affect global economic recovery.

Liam Dann is the Herald’s apologist for capitalism and when even he sees the inflation issues TDB has been warning about, you know shit just got real.

Since Covid ruptured supply chains and geopolitical tensions changed just-in-time supply chains to just-in-case supply chains, the West has been importing inflation.

This has caused price gouging by Price Makers and crushed the working classes with a cost of living crisis.

Trump’s election risks the beginning of an escalation that risks flocks of Black Swans.

To date we have been told by Trump’s defenders that his wild and mad proclamations are all the spin of a deal maker negotiating the best deal with the worst threats, and certainly the Art of the Deal is just a how to guide for Alpha Jock Dickheads doing Alpha Male Jock Dickhead stunts.

Taking offence at some unrelated issue and causing a Tantrum for emotional leverage to get the best deal you can isn’t Art or a Deal, it’s Alpha Male Jock Dickhead bully behaviour that has all the empathy of an average Andrew Tate bro culture tutorial.

This time around however Trump believes God saved him from an assassination attempt.

The difference between war crime and genocide tends to be believing God is on your side.

If Trump believes he’s the vessel for Christ’s retribution, he’s going to do shit for realzies.

I fear he absolutely intends to ram Tariffs on the world from Canada to China.

The impact of such a sweeping move will see the American currency spike and create an over valued global currency that hurts everyone else.

It hurts China and destabilises their already weak economy.

It hurts Canada and gives fuel to the MAGA movement in Canada and sets a narrative they should become a de facto 51st State.

In NZ, we buy our petrol in American dollars, a soaring over valued American dollar could see our petrol prices spike alarmingly.

Imagine a $4.50 litre petrol. Or $5 a litre?

Imagine the immediate knock on cost to everything off the base of those kind of inflationary pressures?

That makes an OCR cut highly questionable and could in fact see Orr raise rates later in the year to combat a spike in petrol price inflation and Trump’s tariffs.

 

Increasingly having independent opinion in a mainstream media environment which mostly echo one another has become more important than ever, so if you value having an independent voice – please donate here.