HOT TOPICS:   Euro crisis   |   Mortgage rate cuts  |    Budget 2012

In this section

Offers for readers

The comment stream

Join the Interest community to be a registered commenter so you can:
- Edit your comments
- Avoid the CAPTCHA
- Vote on comments
Register Here

Already registered? log back in here ..

Forgotten your password? No problem! Click here

Finance sector jobs

Senior Liability Underwriting Manager
Lead from the front utilising your strategic, technical and leadership qualities within th...more
New Zealand
Senior Liability Product Underwriter - Product Management
Lead from the front utilising your technical expertise in this highly attractive senior li...more
New Zealand
High Performing Senior Liability UnderwriterHigh Performing Senior Liability Underwriter
Customer focus, high performance, exceeding client expectations and achieving profitable g...more
New Zealand
Head of Retail Credit -Wellington, NZ
Key leadership position in the bank. Be a part of one of the fastest growing banks in New ...more
New Zealand
efinancialcareers.com

Reader poll

Should you fix your mortgage now or stay floating?

Choices

Economic weather report: New Zealanders hoarding more cash

Posted in News July 1, 2009 - 02:50pm, Bernard Hickey

Bernard Hickey delivers an Economic Weather Report in association with ASB, including a look at a chart showing New Zealanders appear to be using and/or hoarding more cash in the last six months. This hoarding has consistently grown and is nearly at the levels seen in the last days of 1999.

Related Topics

    • We welcome your help to improve our coverage of this issue. Any examples or experiences to relate? Any links to other news, data or research to shed more light on this? Any insight or views on what might happen next or what should happen next? Any errors to correct?

    We welcome your comments below. If you are not already registered, please register to comment in the box on the right or click on the "'Register" link at the bottom of the comments. Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making these comments.

    by W. Kunz | 01 Jul 09, 3:17pm

    I'm wondering if Hardware stores

    I'm wondering if Hardware stores already sell more wheelbarrows. ;-)

    by janet | 01 Jul 09, 3:25pm

    They are!! "Made in USA",

    They are!!
    "Made in USA", these days....

    by W. Kunz | 01 Jul 09, 3:56pm

    Janet ...quality wheelbarrows are "Made

    Janet
    ...quality wheelbarrows are "Made in NZ", but obviously only by one company.

    by wally | 01 Jul 09, 4:17pm

    I hope the peasants out

    I hope the peasants out there know they about to face a wave of pink rorts in this batty make work project. Everything from over estimating the batts needed and undersupplying said number, to not fitting them properly or not at all, to fitting thinner batts than are paid for. My gawd what a circus this will be. Is anyone looking out for the elderly who are about to be taken to the cleaners on this? Who do they call to check the work is done properly or done at all?

    by janet | 01 Jul 09, 4:30pm

    You've been stung by this

    You've been stung by this little number in the past ,haven't you Wally?! Too much specific knowledge there for that not to be the case. Spacemakers or Notre 9?

    by wally | 01 Jul 09, 5:23pm

    Cheers Janet, no I've not

    Cheers Janet, no I've not been done over and I just had a look at one of the big trade/retail firms offering the deals. They seem to be taking the whole process under control. Just hope they send out people to inspect the work. Elderly friends said they might get the job done and it had me thinking.

    by Iain Parker | 01 Jul 09, 8:31pm

    My guess would be the

    My guess would be the self employed offering lower hourly rates for cash payment, cutting the tax man out of the loop, seemingly win, win for the financially illiterate with no concept of the precarious situation they are putting them and their nation into, atleast while we continue to rent all but 3% of our money supply off foreign lenders. Increasing black economy and lack of trust in anything but tangible cash.
    Interesting little article from BBC;
    http://news.bbc.co.uk/2/hi/business/7703642.stm

    by we are stuffed | 02 Jul 09, 6:58pm

    Go to Bunnings, get some

    Go to Bunnings, get some cement and harden the F&*^k up.