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What happened today

A review of things you need to know before you go home on Wednesday; Westpac raises credit card rates, mortgage market jumps, Graeme Hart's junk, real national savings, swap rates flatten

US GDP well above expectations

NZD lower against majors, NZDUSD trading at 78c after falling to 77.6c; US Q3 GDP surprises with strong 3.9% p.a. reading; mixed global equity markets; oil price hammered again

90 seconds at 9 am: Oil and iron ore prices slump

US growth revised higher; OECD worried about Japan and eurozone; iron ore price slumps; Aussie banks splurge on cheap money; oil price falls; NZ$1 = 78.0 USc, TWI = 77.9

What happened Tuesday

A review of things you need to know before you go home on Tuesday; lots of interest rate action, a big retail Xmas, a coming recession, doubling rural exports, lower swap rates

Euro claws back loses

Upbeat German confidence numbers helps push down NZDEUR over half a cent; global equity markets mixed

90 seconds at 9 am: 'A deficit of trust'

Business confidence down everywhere except China (and NZ); Murray says banks have reputation problem; Russia bleeds; NZ$1 = 78.5 USc, TWI = 78.3

What happened Monday

A review of things you need to know before you go home on Monday; BNZ reduces savings interest, Kiwibank pulls back on high LVR lending, migrants keep coming, record visitor levels, NZD firms

AUD and NZD bounce on PBoC moves

China stimulus may fuel demand for commodities; Draghi talks tough on deflation

90 seconds at 9 am: Growing credit risks

China cuts rates; Australia faces more risk; US targets merchant banking; ECB and EU plan more stimulus; UST 10yr 2.31%; gold and oil up; NZ$1 = 78.8 USc, TWI = 78.5

What happened Friday

A review of things you need to know before you go home on Friday; more home loan rate cuts, bigger credit card debt, sharing with our new best friends, Arvida gets its money