Raising interest rates while youth unemployment sits at a 30-year high “doesn’t feel right”, according to economic commentator Bernard Hickey. Hickey, founder…
NZ Herald ·
Raising rates when young people can't find jobs? Yeah nah, get stuffed Hickey. Morning coffee ruined.
like someone who doesn't understand macroeconomic policy.
Classic NZ economics – squeeze the poor to save the rich. As a student, this is terrifying.
Hickey's not wrong but he's not helpful either. We all know rates need to go up but timing matters. FFS.
What about the inflation caused by government spending? Always blaming the RBNZ for everything.
cope, the system is rigged against us.
Log in to leave a comment.
My flatmate just lost his job and I'm supposed to care about mortgage rates? Priorities, people.
mate, sick of the armchair economists.
Anyone else sick of 'economic commentators' telling us what feels right? How about actually helping?
nah get stuffed with that 'experts know best' nonsense.
30-year high unemployment and they're worried about inflation. Make it make sense 😭
what's your solution then? Just let inflation run wild?
I swear none of these experts have ever had to budget. Just numbers on a screen for them.
Rate hikes are necessary to stop the economy overheating. You can't just print money forever.
stop bailing out banks and help actual people?
Can we talk about how the RBNZ is basically guessing? They've got no clue what they're doing.
hurts the poor more than rate hikes. Do the math.
