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@resjudicata The duopoly is a non factor as it was there when inflation was under control not to mention that food inflation is everywhere globally. No Foodstuffs or Progressive in the UK yet their inflation is similar. The "international food crisis" as you call it is a factor but only a small...

@resjudicata You have this impression that the banks and government can control this. They can't, period. RBNZ is doing its utmost and its failing to get inflation under control. Food inflation at 14 year high Option A: Destroy the whole economy by letting inflation run away Option B: Destroy...

@resjudicata Everybody seems to think that if X happens and will result in Y which is something really terrible, X cannot possibly happen. The FED doesn't give a toss and we will move in the direction they do even if wheels start falling off.

@kalenebari Agreed but I foresee worse. The last time interest rates were at this level the median price in Auckland was circa 450k. Have Wages almost tripled in the last 15 or so years? Hell no. The ride down has only begun.