Most analysts thought our last GDP numbers would be .1, the Reserve bank thought .7, we actually got a negative.2. That is a fucking enormous gap between what the Reserve Bank thought growth would be +.7 and it coming in -.2. With the Fed using their 75point bazooka this week, Orr must be considering the same if inflation is raging WHILE the economy is shrinking. TDB Recommends NewzEngine.comIncreasingly having independent opinion in a mainstream media environment which mostly echo one another has become more important than ever, so if you value having an independent voice – please donate here. If you can’t contribute but want to help, please always feel free to share our blogs on social media

Source: New Zealand Herald June 17, 2022 04:51 UTC