Things aren't as swimming as they seem

[Imported from Whale Oil Beef Hooked on Blogger]

The Reserve Bank Governor Alan Bollard today issued a severe warning of imbalances and “significant excesses” developing in the economy.

Bollard warned the uptrend in house prices “would not be sustained”. An outright fall in house prices was likely.

So, it seems that Labours “wonderful” economic stewardship of the past years has been so wonderful after all. Just one month after the election and the wheels are starting to fall of the trolley.

Wait till the corruption probes start hitting, Winston tries to strong-arm the government and the Greens get snippy, it’s all starting to look like this was election Labour wanted to win, but in hindsight wishes it hadn’t.

 


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