The surprising speech by Reserve Bank Governor Alan Bollard on Wednesday suggesting that banks and businesses may be over-reacting to the credit crunch and talk of an economic slowdown poses the question: Are we talking ourselves into a recession? The short answer is no, but it's worth addressing the issue in depth.
Essentially, if we have a recession, it is because we deserve it, not because we've accidentally talked ourselves into a recession.
The surprising speech by Reserve Bank Governor Alan Bollard on Wednesday suggesting that banks and businesses may be over-reacting to the credit crunch and talk of an economic slowdown poses the question: Are we talking ourselves into a recession? The short answer is no, but it's worth addressing the issue in depth.
Essentially, if we have a recession, it is because we deserve it, not because we've accidentally talked ourselves into a recession.
ofInterestNZ 3 years ago