OnPoint by Keith Ng

Lead story on the Herald web site in 3 . . . 2 . . .

Quantative tightening by means of pyromaina?

Quantative tightening by means of pyromaina?

Let's pour some kerosene on the embers, baby...

Come on! Who reads footnotes? If it was important they would have put it in the main text.

(P.S dose --> douse)

$1.3bn is 26,500 houses at $500k a pop. If we set them on fire wouldn't that:
A) Lift house prices due to the diminished stock
B) Increase rent due to higher accommodation demand
Thus increasing capital gains and rental yield for landlords.
So they don't need to set the cash on fire. They'll get it back from the insurance anyway.

It was a dark day when KLF burnt a million pounds (wiki)

So they don't need to set the cash on fire. They'll get it back from the insurance anyway.

Famously, property damaging fires are countercyclic.

Most houses in NZ would be too damp to burn.

Our analysis looks at these policy suggestions in isolation and not in the context of potentially offsetting policies.

Oh... well, I hope it's printed on soft, absorbent paper because a paper cut on your ring is not pleasant.

Arthur Brown - putting the Ash in Cash

...a paper cut on your ring is not pleasant

nor is a paper burn
putting the Cash in Ash - That Man In Black

I feel almost compelled to link to a vindaloo recipe. Almost.

It was a dark day when KLF burnt a million pounds (wiki)

Wo-ah.

"Intellectual dry-wank", yes. But full points for commitment.

I feel almost compelled to link to a vindaloo recipe. Almost.

Ah, the one with more Loo than Vinda?.