For the convenience of subscribers, here's my weekend column in which I say President Donald Trump could destabilise China's economy, unleash a new European financial crisis and push up global interest rates in a way that slows New Zealand's economy and makes mortgages more expensive.
Now the dust has settled somewhat on Donald Trump's shock win and the Reserve Bank's not-nearly-as-shocking rate cut, it's worth looking in more depth at what Graeme Wheeler said in his news conference and select committee appearances yesterday, and what the bank published in its Monetary Policy Statement. around issues ranging from the inflation outlook to apartment supply and a limit on debt to income multiples.
Record high net migration and surprisingly low inflation have taken their toll in an unexpected area -- removing the fiscal headroom for a big pre-election tax cut.
For the convenience of subscribers, here's my weekend column in which I find more than a quarter of landlords have loans worth more than seven times income. No wonder the Reserve Bank may have to resort to limiting those multiples.
For the convenience of email-avoiding subscribers and samplers, here's the email sent earlier on Tuesday.
For the convenience of email-avoiding subscribers and samplers, here's the email sent earlier on Monday.