John Key was unexpectedly forthright today as he said that the high dollar was good – for him.
Look, it keeps my petrol prices down, so I can keep the old gas-guzzler turning over. And you should see how many HD TVs I can get on my weekly salary! They must be able to afford them on benefits even – which is lucky for all those Wool guys in Oamaru.
But best of all is how much a PM’s salary is worth in Hawaii now! I can go toe-to-toe with Obama now, and if ever my security guards can convince his security guards to let me pop over I’ll sure impress him with that!
Key seemed slightly confused as to whether it was helpful for the country however -
All my currency-trader mates seem to do quite well out of the volatility, so surely that’s reflected across the economy, right? I even hear it’s good for manufacturers somehow. And of course if currency traders are buying it’s not because the NZ dollar is the new gold – it never goes down – it’s because the economy is doing great!
Meanwhile job losses continue as manufacturers and exporters struggle to compete…