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Relief For Home Owners with Mortgages as Reserve Bank Cuts The Cash Rate

I am sure there will be a collective sigh of relief from many people out there as interest rates are about to drop or, in some cases, have already dropped. 

According to the Radio New Zealand website a larger than expected half a percentage drop to 7.5% in the cash rate will also offer some relief to the growing inflation that sees considerable increases in costs for all businesses and individuals alike.

Here’s hoping that this sees the return of a period of growth for all New Zealanders.

On Thursday 11 September 2008 both Kiwibank and Westpac

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AIG Bailout Should Give Some Confidence

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With the Federal Reserve bailing out the largest insurance company in the world with a takeover of 80% AIG’s assets for approximately 10% of the true asset value of the company then there must be some confidence for all current AIG policy holders, agents and brokers who have business insured with the company and all employees of AIG. Although AIG would have us believe it was not a bailout (as can be seen below in the comments from AIG’s New Zealand Chief Executive, Rob Ryan)

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