And inflation is a BAD thing. The problem for government is how to reduce consumer spending. OCR is very crude tool but other measures (limit overseas investment, capital gains tax, etc are dubious and very hard to parlimentary support for). Kiwisaver MIGHT reduce expenditure but I'll bet sharemarket soars as fundmanagers desparately try to find places to invest will in turn put more pressure on dollar. Shame government didn't have to balls to tackle the property market 3 years ago.
---------------------------------------------------------- Phil Scadden, GNS Science Ltd 764 Cumberland St, Private Bag 1930, Dunedin, New Zealand Ph +64 3 4799663, fax +64 3 477 5232 _______________________________________________ NZ Borland Developers Group Offtopic mailing list Post: Offtopic@delphi.org.nz Admin: http://delphi.org.nz/mailman/listinfo/offtopic Unsubscribe: send an email to [EMAIL PROTECTED] with Subject: unsubscribe
