Screeeech!
A record one-month trade deficit ($1.1 Billion) has been annouced today. That's the trade deficit, not the current account deficit (which you add movements of money).
So far today, the NZ Dollar has from an open this morning of USD 0.686 to USD 0.680 and the TWI fell from 69.55 to 69.15.
The 90 Day Bill Rate, 3 Yr Bond and 10 Yr Bond have all risen this month.
Oil prices remain high.
Apartment prices in Auckland, particularly smaller (under 50sqm) are falling. (It seems the only one making a profit from Auckland housing is Taito Philip Field.)
It almost looks like losing this election was a blessing - I'd hate to be the Finance Minister charting a course through this mess.
So far today, the NZ Dollar has from an open this morning of USD 0.686 to USD 0.680 and the TWI fell from 69.55 to 69.15.
The 90 Day Bill Rate, 3 Yr Bond and 10 Yr Bond have all risen this month.
Oil prices remain high.
Apartment prices in Auckland, particularly smaller (under 50sqm) are falling. (It seems the only one making a profit from Auckland housing is Taito Philip Field.)
It almost looks like losing this election was a blessing - I'd hate to be the Finance Minister charting a course through this mess.
posted by Michael at
7:44 PM
2 Comments:
Did I spot a concession there? I hope Don Brash doesn't read your blogg and think you unloyal!
By
steven, at 12:12 AM
The chances of National forming the next Govt are about the same as snow falling in Wellington this afternoon. (Although I saw one guy with skis in Manners Mall! - maybe he's an optimist.)
By
Michael, at 1:13 PM
Post a Comment
<< Home