For the convenience of subscribers, here's my weekend column about how Brexit and the election of Donald Trump represent the sudden collapse of a social contract in favour of globalisation. Tweaks won't be enough to rebuild it.
For the convenience of subscribers, here's my weekend column about how long term bond yields have risen sharply since Donald Trump's election, which is pushing up mortgage rates and the Government's borrowing costs just as it may have to start borrowing again and just as housing markets are cooling.
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.
Normally I say 'Good Morning' on this line, but it's hard to write that in a world waking up to a President Donald J. Trump in tandem with a Republican-controlled House of Representatives and Senate.