In this section
Offers for readers
The comment stream
Recent comments
- 1 of 19105
- ››
Editors choice
- 1 of 276
- ››
Finance sector jobs
At NAB, it's all about our people reaching their full potential. And that means we drive t...more
Australia
Senior Financial Planning professional to join our Business Banking team in Bondi....more
Australia
At NAB, it's all about our people reaching their full potential. And in MLC and NAB Wealth...more
Australia
Successful applicants will have the opportunity to work with this leading Australian Advis...more
Australia
The news stream
Latest news
Most commented
- 90 seconds at 9 am with BNZ 116
- Wednesday's Top 10 with NZ Mint 78
- Friday's Top 10 with NZ Mint 28
- The problems with NZ's energy use 20
- Amanda's Take Five for Wednesday 19
- More bank mortgage rate cuts 16
- Govt lifts minimum wage 50 cts to $13.50 an hour 16
- Thursday's Top 10 with NZ Mint 15
- 90 seconds at 9 am with BNZ 14
- Full time jobs fall 13,000 in Dec qtr 14
Most viewed
Interest on Twitter
90 seconds at 9am: UK, US downgrade threat; Greece downgraded; Japan's new stimulus
Bernard Hickey details the key news overnight in 90 seconds at 9am, including news that Moody's has warned it may have to cut Britain's and America's AAA sovereign credit ratings if they can't get their budget deficits under control by 2013, Bloomberg reported.
Meanwhile, Japan announced a new budget stimulus to spend US$80 billion to try to jump-start the economy out of a third decade of stagflation stagnation the FT.com reported.
In Europe, Fitch downgraded Greece's credit rating to BBB+ and Standard and Poor's threatened a downgrade because of its parlous budget and current account deficit positions. This dragged global stocks lower and pushed the US dollar higher as investors opted for safety in US dollars. This drove the NZ$ down below 71 US cents.
Finally in New Zealand, Allied Farmers investors voted over 85% in favour of their bid for Hanover Finance. This bid will be decided next Wednesday when Hanover Finance investors vote in Auckland.
4 Comments
Japan's 'third decade of stagflation'?
Japan's 'third decade of stagflation'? Bernard? maybe you aren't old enough to know what stagflation is?
Thanks David. I should have
Thanks David. I should have said stagnation. You're right. Stagflation involves inflation, which Japan hasn't had. Just stagnation. You're right I'm probably not old enough, though I remember high inflation and unemployment here in the early 1980s, thanks to Rob Muldoon.
cheers
Bernard
"...and that children was why
"...and that children was why a man called Ben decided to print sooooooo much money and drop it from a helicopter so that all the silly grown ups would rush off and spend it on stuff. Down here in Noddyland we have our own version of Ben. Our Ben is called Alan...and Alan has made money soooooo cheap to borrow that all the silly grown ups are borrowing mountains of money because they want to get rich children...yes I know it's a bloody stupid story but these grown ups are really really bloody thick...anyway off you go and make a mess in the playground and we will have part two after break...."
762483369175567324 Yesterday he <a href="http://www.getdvdset.co
762483369175567324 Yesterday he DVD Box Sets issued a new DVD Box Sets patch for Mortal DVD Box Set Online, which is that Best DVD Box Sets as we told you last week, the game Discount DVD Box Sets was delayed for 1 DVD Sets month at the request DVD Boxed Sets of the beta testers. Now developers DVD Boxed Set are putting Boxed Sets the missing content and correcting errors Boxed Set and bugs that are being reported. This Boxed Set Dvds patch is one of the most interesting, in the Dvd Gift Set words of one's Beta Dvd Gift Sets Testers and that other DVD BoxSet improvements include DVD BoxSets the Crafting system, major DVD TV Series changes in the DVD Box Sets For Sale optimization of the DVD Box Sets On Sale game and added areas and DVD Box Set interface improvements.