Early signs US may already be in recession; US 10 yr yield down to 2.88%; Australia launching emissions trading scheme as it forecasts record oil, gas exports; Beck would scrap Auckland light rail
The nice thing about your"elsewhere in the news" is that with all the news getting so depressing, we don't have to wade through the news sites or watch TV news but you do the research and alert us to the stuff we need to know like the extraordinary ONE News story on Tukaki.. Thanks, Bernard!
Thanks Nige. One of the fun things I get to do is get up at 4am and go through FT, WSJ, Australian, Reuters, Bloomberg, SMH, AFR, NZ Herald, Stuff, Newshub, 1News, RNZ, Newsroom and a few others to get the highlights. And then summarise it early enough to be useful. Fun times. I'm a bit of a news junkie...
Bernard, what do you think the chances are that our RB would follow a similar path to Federal Reserve, and ease interest rate rises in response to falling GDP in NZ?
I think there's a significant chance the Reserve Bank will be cutting here by late next year. Financial markets are now pricing in Fed rate cuts for next year. The industrial production numbers in the US on Friday night were awful.
Love the mix of serious and fun.
Thanks Robyn. Try to lighten it up when I can. The actual news is sometimes not so light...
Think humour gets us through these days, while never denying the seriousness of the things we face as human beings.Big thanks for mixing it up.
The nice thing about your"elsewhere in the news" is that with all the news getting so depressing, we don't have to wade through the news sites or watch TV news but you do the research and alert us to the stuff we need to know like the extraordinary ONE News story on Tukaki.. Thanks, Bernard!
Thanks Nige. One of the fun things I get to do is get up at 4am and go through FT, WSJ, Australian, Reuters, Bloomberg, SMH, AFR, NZ Herald, Stuff, Newshub, 1News, RNZ, Newsroom and a few others to get the highlights. And then summarise it early enough to be useful. Fun times. I'm a bit of a news junkie...
To Robyn's point: greenhouse emissions side by side with Australia flooding. sad face
cat flip gone bad
ha! okay soldier on
Thanks Duane. The ironies abound in Australia...
Bernard, what do you think the chances are that our RB would follow a similar path to Federal Reserve, and ease interest rate rises in response to falling GDP in NZ?
I think there's a significant chance the Reserve Bank will be cutting here by late next year. Financial markets are now pricing in Fed rate cuts for next year. The industrial production numbers in the US on Friday night were awful.
Best guess-what do you think it will peak at?
Thank you Bernard