OCR, Cyclone, Crypto Regulation, Markets / News of the Money-World, Ep 59
What's going to happen now that a cyclone has ripped the guts out of many households, communities, and farms? Clearly some money's going to be spent on fixing things up - will this be inflationary? Should the official cash rate (increased to reduce inflationary pressures) be 'held' [or reduced] to give the vulnerable a hand up, and the economy some life? Most people say no [inflation, remember]. I say yes [remember Christchurch], but Rupert says no.
What about regulation in the crypto space? What's led to the recent run-up in price across most digital assets recently? Wasn't this supposed to be highly correlated to tech-stocks?
And that leaves the concept we touched on with Michael Every around what could happen next in NZ, if we're ready for it: infinite QE for the government [to spend on infrastructure], and higher rates for longer for the rest of us. Nasty.
Hope you enjoy the first NOTMW of 2023!
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News of the Money-World! An informative, quirky, and curious look into current financial events that may affect you, the everyday investor.
News of the Money-World is a joint podcast venture between Ungaro & Co Financial Advisers, and kōura Wealth Limited.
kōura Wealth Limited (kōura) is the issuer and manager of the kōura KiwiSaver Scheme. The PDS is available on the website http://www.kourawealth.co.nz.
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