The US appears to back-track on Iran and oil falls; US PMIs expanding but not so in Canada; China contracts; ASEAN PMIs very upbeat; eyes on the RBA and multi-unit construction; UST 10yr at 4.87%; gold firms but oil falls hard; NZ$1 = 56.3 USc; TWI-5 = 60

Latest Centrix data finds home loan arrears remain at their lowest level since December 2022, but broader credit demand stays mixed

The New Zealand Tax Podcast – Beware the difference between residency for immigration purposes and for tax purposes, Mainzeal and GST, and capital flight and the Norwegian wealth tax

Even ignoring the US fiscal pressures, the price of money is set to rise over the the next generation or two for fundamental reasons that will be hard to avoid