ANZ not passing on a lot of the cut to loan holders and actually rewarding savers which is good...
Pretty much signalling that the cheap money for property investing is coming to an end in NZ to domestic borrowers...
I am very happy to be hedged in junior gold miners at the moment... Eventually there is going to be an unintended consequence of worldwide QE...
Maybe high inflation at a time of negative growth??
Massive NZDUSD Upside, page-26
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