and the costs of retiring baby- boomers will spark Super debate - - PowerPoint PPT Presentation

and the costs of retiring baby
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and the costs of retiring baby- boomers will spark Super debate - - PowerPoint PPT Presentation

Why de-leveraging and the costs of retiring baby- boomers will spark Super debate RPRC Breakfast, University of Auckland, April 13 We (and the world) cant afford our gold plated pension schemes RPRC Breakfast, University of Auckland,


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SLIDE 1

Why de-leveraging and the costs of retiring baby- boomers will spark Super debate

RPRC Breakfast, University of Auckland, April 13

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SLIDE 2

We (and the world) can’t afford our gold plated pension schemes

RPRC Breakfast, University of Auckland, April 13

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SLIDE 3

It’s all about de- leveraging

RPRC Breakfast, University of Auckland, April 13

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Deposits and LVRs

RPRC Breakfast, University of Auckland, April 13

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With 95% LVR Leverage 20 to 1 $50k = $ 1mln But 80% LVR Leverage 5 to 1 $50k = $250k

RPRC Breakfast, University of Auckland, April 13

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Giant debt boom

RPRC Breakfast, University of Auckland, April 13

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SLIDE 7

The growth was false

RPRC Breakfast, University of Auckland, April 13

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SLIDE 8

Bigger than 1929

RPRC Breakfast, University of Auckland, April 13

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Lending collapse

RPRC Breakfast, University of Auckland, April 13

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Big fat ATM

RPRC Breakfast, University of Auckland, April 13

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Same here too

RPRC Breakfast, University of Auckland, April 13

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Bubble pumped up

RPRC Breakfast, University of Auckland, April 13

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Way too much air

RPRC Breakfast, University of Auckland, April 13

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So what happens now? Deleveraging has only just begun

RPRC Breakfast, University of Auckland, April 13

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Pass the parcel

RPRC Breakfast, University of Auckland, April 13

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7 years long 25% of GDP = NZ$45 bln

RPRC Breakfast, University of Auckland, April 13

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Not sustainable

RPRC Breakfast, University of Auckland, April 13

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Not sustainable

RPRC Breakfast, University of Auckland, April 13

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Indebted future

RPRC Breakfast, University of Auckland, April 13

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Saving more

RPRC Breakfast, University of Auckland, April 13

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Weak spending

RPRC Breakfast, University of Auckland, April 13

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Weak lending

RPRC Breakfast, University of Auckland, April 13

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Slow turnover

RPRC Breakfast, University of Auckland, April 13

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House price fall?

RPRC Breakfast, University of Auckland, April 13

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House price fall?

RPRC Breakfast, University of Auckland, April 13

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Beep Beep

RPRC Breakfast, University of Auckland, April 13

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Rising interest rates

RPRC Breakfast, University of Auckland, April 13

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Variable cheaper

RPRC Breakfast, University of Auckland, April 13

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Mind the Gap

RPRC Breakfast, University of Auckland, April 13

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One big boom

RPRC Breakfast, University of Auckland, April 13

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Battle of generations

RPRC Breakfast, University of Auckland, April 13

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So many old, sick people

RPRC Breakfast, University of Auckland, April 13

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Indebted future

RPRC Breakfast, University of Auckland, April 13

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Indebted future

RPRC Breakfast, University of Auckland, April 13

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A debate is required

RPRC Breakfast, University of Auckland, April 13

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Who will pay and how?

RPRC Breakfast, University of Auckland, April 13