In this section
Offers for readers
Follow the news from interest
The comment stream
Recent comments
- 1 of 20831
- ››
Editors choice
- 1 of 295
- ››
Finance sector jobs
Lead from the front utilising your strategic, technical and leadership qualities within th...more
New Zealand
Lead from the front utilising your technical expertise in this highly attractive senior li...more
New Zealand
Customer focus, high performance, exceeding client expectations and achieving profitable g...more
New Zealand
Key leadership position in the bank. Be a part of one of the fastest growing banks in New ...more
New Zealand
The news stream
Latest news
Most commented
- Govt eyes NZ$1.4b revenue grab 63
- English defends current account blowout 61
- 90 seconds at 9 am 51
- Budget 2012 reactions 46
- Friday's Top 10 with NZ Mint 39
- Thursday's Top 10 with NZ Mint 38
- What covered bonds mean for ma and pa 32
- 'Next 5-10 years make or break for NZ' 29
- Westpac and ASB change rates down 26
- 90 seconds at 9 am 22
Most viewed
90 seconds at 9am: Strategic loss; Weak US sales; RBNZ rates outlook
Bernard Hickey details the key news over the weekend in 90 seconds at 9am in association with BNZ, including news Strategic Finance announced a big loss and defaulted on its first payment under its moratorium plan. It may now be put into receivership by its Trustee.
Meanwhile, US retail sales for December fell 0.3%, which was much worse than expectations for a 0.5% rise. That drove the stock market and market interest rates lower as investors fear a double dip recession and deflation.
In New Zealand, we are expecting suggestions for tax reform from the Tax Working Group. Also we will see inflation figures on Wednesday.
Next Thursday (January 28) the Reserve Bank will make its first monetary policy decision for the year and is expected to leave rates on hold, but the market is picking a March rise. The RBNZ may change its own outlook for 'no hike until mid 2010.'
6 Comments
Ive missed a few good
Ive missed a few good pieces....sure there are lots more....
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/692792...
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/694268...
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/696263...
"The broad U6 category of unemployment rose to 17.3pc. That is the one that matters. "
17% unemployment!....ow!....
"Taken together, this looks awfully like Steinbeck's Grapes of Wrath. "
"But it also masks the continued rot in the housing market, allows lenders to hide losses, and stores up an ever larger overhang of unsold properties. It takes heroic naivety to think the US housing market has turned the corner (apologies to Goldman Sachs, as always). The fuse has yet to detonate on the next mortgage bomb, $134bn (£83bn) of "option ARM" contracts due to reset violently upwards this year and next. "
"Professor Tim Congdon from International Monetary Research said the Fed is baking deflation into the pie later this year, and perhaps a double-dip recession. Europe is even worse. "
"How anybody can see imminent inflation in the dying embers of core PCE, just 0.1pc in November, is beyond me."
No punches pulled there....
and Greece threatens a melt down in the EU,
http://www.telegraph.co.uk/finance/comment/7012297/ECB-prepares-legal-gr...
2010 is starting well.....
regards
Bernard What happened to ASB?
Bernard
What happened to ASB?
Did they not like your NZ Herald win in the "Dicky Crystal Ball" category?
I guess you'll have to be nice to Tony Alexander now.
Ha ha ha , aha
Ha ha ha , aha haaaaaaaaaaaaaaaaaaaaaaaaaaa !!!
BERNARD : Is that why you've resisted the team's call for a Prognostications of 2010 thread ? Don't wanna be bested by the smart , the clever , the insightful , ....... and me !
Chris J, Many thanks. Tony
Chris J,
Many thanks. Tony Alexander is a lovely man...
We're very happy that BNZ is now the sponsor of our videos. ASB's expired and BNZ snapped it up.
cheers
Bernard
Hey Bernard, Your house price
Hey Bernard,
Your house price predictions were noticeably absent from this article also?
http://www.nzherald.co.nz/property/news/article.cfm?c_id=8&objectid=1061...
What happened? Did you get the snub?
Don't take it so personally
Don't take it so personally , BH . Re-discover your sense-of-humour ! That's why the guys wanted a 2010 predictions list . So we could look back and laugh ( at all of us , not just at you ) ..........Much as my dear old Mom does at my school reports . ............ Double dip recession ? $Oz to parity with $US ? Sovereign bankruptcy of Greece/Iceland/Ireland ? Watson & Hotchin to sell up all personal " in-trust " assets to reimburse Hanover investors ? C'mon big UGGy , the ball is in your hands , fling a wild one out there !