Bernard Hickey says interest rate home loan with Noelle McCarthy on Radion NZ.

Fix half your loan for 5yrs leave the rest floating till you think the economy is picking up. The stock market could be an indicator
Not this short term rallie. it will be over in October.

We lived on borrowed prosperity,we cant fix it with borrowed prosperity.

They want inflation to get us to spend, prices rise and make us buy things before they go up further stimulating the economy.

We need the pain, out of this new companies will form with lower borrowing costs, lower labour costs