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Comments on: Run on funds drives LDC finance down http://www.tvhe.co.nz/2007/09/05/run-on-funds-drives-ldc-finance-down/ The Visible Hand in Economics Wed, 05 Sep 2007 01:59:13 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Matt Nolan http://www.tvhe.co.nz/2007/09/05/run-on-funds-drives-ldc-finance-down/#comment-280 Wed, 05 Sep 2007 01:59:13 +0000 http://tvhe.wordpress.com/2007/09/05/run-on-funds-drives-ldc-finance-down/#comment-280 I agree, the media seems to be egging on the market too fail. Furthermore, many banks (eg ANZ/National) are egging on the market so that they can increase the supply of funds available for near riskless financial instruments like their savings accounts.

I’m glad that the Westpac economists came out and told it like it is, I would trust commentary from BNZ or Westpac far more than ANZ/National given the way the different banks have commented on the financial market uncertainty.

]]> By: Kimble http://www.tvhe.co.nz/2007/09/05/run-on-funds-drives-ldc-finance-down/#comment-279 Wed, 05 Sep 2007 01:55:59 +0000 http://tvhe.wordpress.com/2007/09/05/run-on-funds-drives-ldc-finance-down/#comment-279 The media is freaking loving all this. They are feeding the panic with idiotic stories and ignorant editing of interviews.

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