BOOM! Inflation jumps to 3.1%. Where’s your ‘green shoots’ champagne now, Liam Dann?
Well, well, well. What do we have here? Price inflation rises to 3.1%, above the Reserve Bank’s target range New…

Well, well, well. What do we have here? Price inflation rises to 3.1%, above the Reserve Bank’s target range New…
We are getting suspended markets now – that’s a flashing warning sign – I think shit is rapidly unwinding at a speed Governments are barely responding to.
Dow Jones crashing down 600 points on Wuhan virus fears, Trump’s fecklessness, Sanders radicalism and the market realising Trump’s China deal was meaningless.
A new surge in the price of gold in US dollars would force the Federal Reserve to reverse course and start hiking interest rates and reversing easing once more. Trump would then have the choice of firing the Federal Reserve and forcing his changes, as he hinted at doing in late 2018, or having an election-year recession. This would provoke a political and economic crisis of historic proportions.
With Trump claiming China is attempting to interfere in the upcoming mid term elections, the speed with which mistakes could compound ignorance and collapse the entire house of cards is higher than ever before.
Based on the low threshold of fear that it takes for business confidence to dry up in NZ – things like eclipses, women voting and Maori with PHDs would have to be banned for NZ Business to feel confident.
For the last decade, to avoid the horror of systemic financial market collapse in 2007/2008, $30Trillion has been printed and pumped into the global economy falsely creating the lowest inflation rates for 5000 years. That seems about as far removed from the concept of sound market fundamentals as The AM Show is from intellectual curiosity.
Both the economy and the environment need each other to survive in a complex society, but if both are now failing and pulling the other down, new paradigms have to be imagined and imagined soon.
…at some point the new Government are going to have to review their whole commitment to appeasing our corporate overlords with the Budget Responsibility Rules and start looking after the people when the shit hits the fan.
We have a global economy that has been fed $15Trillion in quantitive easing, $10Trillion in bonds and the lowest inflation rates for 5000 years. This market is so distorted now that the computer algorithms are mercilessly punishing human greed by forcing massive technical corrections.