Final Rabo Plus Financial Confidence Index (Media Pack)

322 views
290 views

Published on

Published in: Economy & Finance, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
322
On SlideShare
0
From Embeds
0
Number of Embeds
2
Actions
Shares
0
Downloads
2
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Final Rabo Plus Financial Confidence Index (Media Pack)

  1. 1. Submission to Multi-Party Inquiry into Banking by interest.co.nz<br />Parliamentary Banking Inquiry- Wellington - Sept 2, 2009<br />
  2. 2. Why the problem is not bank profiteering. The problem is New Zealand’s structural settings favouring housing investment.<br />Parliamentary Banking Inquiry- Wellington - Sept 2, 2009<br />
  3. 3. Who are we to say this?<br />Parliamentary Banking Inquiry- Wellington - Sept 2, 2009<br />
  4. 4. NZers care an awful lot about interest rates<br />Parliamentary Banking Inquiry- Wellington - Sept 2, 2009<br />
  5. 5. Obviously banks are profiteering…right?<br />Parliamentary Banking Inquiry- Wellington - Sept 2, 2009<br />
  6. 6. That’s a big gap. They must be creaming it.<br />Parliamentary Banking Inquiry- Wellington - Sept 2, 2009<br />
  7. 7. Wholesale funding costs are up 100 bps<br />Parliamentary Banking Inquiry- Wellington - Sept 2, 2009<br />
  8. 8. Local funding costs are up 150 basis points<br />Parliamentary Banking Inquiry- Wellington - Sept 2, 2009<br />
  9. 9. Bank net interest margins actually fell<br />Parliamentary Banking Inquiry- Wellington - Sept 2, 2009<br />
  10. 10. And they’ve been falling for a long while<br />Parliamentary Banking Inquiry- Wellington - Sept 2, 2009<br />
  11. 11. The bias to farm and housing lending worsened in 2009<br />Parliamentary Banking Inquiry- Wellington - Sept 2, 2009<br />
  12. 12. And the connection is a foreign debt blowout<br />Parliamentary Banking Inquiry- Wellington - Sept 2, 2009<br />
  13. 13. Who in this room has an LAQC or family trust?<br />Parliamentary Banking Inquiry- Wellington - Sept 2, 2009<br />
  14. 14. Ever wonder what a loss of sovereignty might look like?<br />Parliamentary Banking Inquiry- Wellington - Sept 2, 2009<br />
  15. 15. Reserve Bank Governor<br />Parliamentary Banking Inquiry- Wellington - Sept 2, 2009<br />
  16. 16. Bank regulator<br />Parliamentary Banking Inquiry- Wellington - Sept 2, 2009<br />
  17. 17. Currency<br />Parliamentary Banking Inquiry- Wellington - Sept 2, 2009<br />
  18. 18. So what do we do?<br />Parliamentary Banking Inquiry- Wellington - Sept 2, 2009<br /><ul><li> Flatter, simpler tax system
  19. 19. More productive investment
  20. 20. Less property speculation
  21. 21. Land tax or Capital Gains Tax
  22. 22. GST on mortgages/rents?
  23. 23. Use capital adequacy rules
  24. 24. Bigger capital ‘top-ups’ </li></li></ul><li>And give this man a knighthood<br />Parliamentary Banking Inquiry- Wellington - Sept 2, 2009<br />
  25. 25. Thank you for your time<br />Parliamentary Banking Inquiry- Wellington - Sept 2, 2009<br />

×