*This article was published in our email for paying subscribers. See here for more details and how to subscribe.
3 Comments
Surely there should be minimal impact after just 1 month
One bad year after nine good ones or thereabouts aka the business cycle. This is the opportunity for banks to write-off as much bad debt as possible. Everyone expects it to be a sh1t year so better to lay down the seeds for the nine big bonus years to come.
OZ/NZ are duffrunt, the regulated F.I.RE economy by respective govt. are all secured by overseas single market
Unlike the US, NZ/OZ have robust bail out mechanism, here's interesting links to watch/read during lock down:
https://watchdocumentaries.com/inside-job/
https://www.scoop.co.nz/stories/HL1507/S00101/the-fire-economy-new-zeala...
https://tinyzonetv.to/watch-movie/watch-the-china-hustle-2018-free-59408...
https://www.youtube.com/watch?v=MGrBCtOt4Qs
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.