poor Alan Bollard

“weaker than expected”    “was starting to pick up”. “rely on key assumptions and based on very limited information”

“Reconstruction will produce strong GDP growth”. “We will have to increase interest rates when that happens”.

On his timescale, fossil fuel shortages are well in play before his lift-out, and reconstruction is only getting back to where you were.

There’s an interview with Bollard on Nat Radio shortly – I’ll add some then.




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