Is INFLATION robbing you blind?
2 years ago
1
Jarrod Kerr is the chief economist at KiwiBank and he's my guest in today's episode.
If the consumer price index (CPI) is anything to go by, there IS a case for aggressive increases to the OCR (official cash rate).
Here's the dilemma for central banks around the world right now, and here's the reason why everyday investors should take note of the current environment: Rates will either increase sharply and tip us into a MAJOR recession, OR we simply have to tolerate inflation for longer.
On one hand the economy get's tipped into an involuntary coma - on the other hand, as long as you're an investor, we have some pretty good times ahead!
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