Larry Williams Drive

How is it that we are having a conversation today about whether Nicola Willis needs to quit her portfolio because of yesterday's shock GDP number? This is crazy.  What happened yesterday is not Nicola Willis's fault. It is the Reserve Bank's fault. It is not a matter of opinion. It is a fact. The Reserve Bank ratcheted up the official cash rate to slow down the economy and engineer a recession, to quote Adrian Orr. It's what he wanted to do. It is what he has actually done successfully. We now have had an enormous recession, and we are struggling to come out of that. That is not Nicola Willis's fault. Now, sure, I can lay some blame at Nicola Willis's feet. I can blame Nicola Willis for not doing enough to fix the state of the government's books.Probably not doing enough to get rundown places like Auckland Central going again, but that GDP number, that is fair and square, largely the Reserve Bank's problem, so she should not quit over what happened yesterday. However, I am prepared to admit that the