Also, NZ’s net interest bill is barely 1% of tax revenues. Would you expect your banker to say no if you asked to borrow to keep your kids and grandkids alive when your interest costs were 1% of your income 3/3 #nzpol

This is nuts.

Forecast inbound containers to the Port of Los Angeles for the last week of May. Brutal. signal.portoptimizer.com

Page 4. budget.govt.nz/budget/pdfs/...

This is beginning to look like a run on a currency. Safe haven buyers selling US dollars and buying Swiss francs. USD/CHF (USD/CHF) is at 0.8200 (-4.26%)
au.investing.com/currencies/u...

Yep. A similar story in consumer confidence surveys here too in recent years. www.westpac.co.nz/assets/Busin...

Kiwi episode of Utopia?

DTIs and interest rates. NZ’s housing market with bits tacked on not back on track yet…

mortgages.co.nz/downloads/To...
And the key chart on landlord activity:

Ever wondered whether Mike Hosking or Morning Report is more influential and/or listened to? Mike has been winning for the last couple of years, according to data via Shayne Currie’s column in Newstalkzb’s sister publication the NZ Herald-$$$. www.nzherald.co.nz/business/med...

One notable thing in the speech was Adrian Orr’s use of charts showing RBNZ measures of core inflation and how they had been revised higher recently. Slightly hawkish choice of charts.

www.rbnz.govt.nz/-/media/proj...

NZ banks have not passed on recent falls in wholesale interest rates, inflating their profit margins on mortgage lending by ~100 basis points. That's potentially $2-$3b in extra profit per year for the largest banks. Chart from @alex sinton. Plus Dawn Chorus. thekaka.substack.com/p/we-cooled-...

A cost of living issue worth $6.50 per week per person: higher bank mortgage profit margins in the last two months. open.substack.com/pub/thekaka/...