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FEB 10

Bank Economists




http://www.interest.co.nz/ratesblog/index.php/2010/01/31/mortgagee-sales-near-record-high-at-5-of-total-sales-as-indebted-owner-occupiers-start-defaulting-too/comment-page-1/#comment-58076

Justice Says: 

February 1st, 2010 at 5:15 pm

"Key thing to be weary of (particularly when hearing from bank economists) is ‘banks’ (Aus/NZ) currently need ever increasing people to take out ‘debt’ to cover their on borrowing. They basically have been running ‘ponzi schemes’.


DON”T listen to bank economists! they have motives."

I would add remember who pays their wages.


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