Check this article from the daily reckoning (financial blog i think). It explains how hiking interest rates is pushing up housing prices and increasing inflation in NZ and the UK.
Why? because foreign money floods in everytime rates go up. Great for Chinese investors. Bad for Aussies and their economy.
The ALP should stop meddling with the economy and liberate it. Only keeping workplace flexibility will manage inflation.
Showing posts with label house-prices inflation interest rates. Show all posts
Showing posts with label house-prices inflation interest rates. Show all posts
Monday, March 3, 2008
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