Kiwi Dollar 73% overvalued – Big Mac Index

Political Report for Friday, July 6, 2007 – Newstalk ZB
Kiwi dollar most overvalued | NATIONAL | NEWS | tvnz.co.nz

The Economist magazine confirms what everyone except Alan Bollard and Michael Cullen seem to know. our currency is horrendously over-valued.

Bollard and Cullen are clearly bereft of ideas, as their pet solution has failed three times in a row. They still fail to see that their pursuit of low inflation through higher interest rates is the major reason behind the continued over-valuation of our currency.

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