Interest rates are far too low!, page-11

"respected pundits"? Just remember all these clowns who called themselves "economists" who all touted the idea that rates would stay low for years. When they were proven wrong they all pointed the finger that the reserve bank. If these people were so smart and actually understood what was going they would have sounded the alarm long before the sh1te his the fan, but no, they were blindly repeating what the reserve bank said and when it was proven incorrect rather than taking any responsibility they quickly pointed the finger and the governor.

These "pundits" are often two faced with little real insight and many conflicts of interest. Imagine in one article pretending to be on the side of the common person talking about the impacts of inflation on the cost of living then only seconds later talking about how unfair it was to burden people with higher interest rates. Any intelligent economist knows that cheap money is the fuel that drives inflation so its amazing to watch them pretend to be experts who ignoring economics 101.

Imagine a TV network which has a large financial stake in a home mortgage company and who has a significant financial interest in the general public buying properties no matter what the risk. Is it any surprise that their pundits said things like "this is the top", "rates will drop this year", "the reserve bank is just mean". All these comments make sense when you understand that one of their businesses is selling mortgages.