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"It is not a perfect measure, but it suggests residential property investor activity could have halved over the last decade."

by Greg Ninness

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"ESAS 'allows approved non-bank entities to settle payments directly in risk-free central bank money without using a commercial bank as an intermediary,' the RBNZ's Steve Gordon says."

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March quarter

ASB bad debt provisions up,

ASB bad debt provisions up, but savings inflows strong

14th May 09, 12:24am

by Bernard Hickey

ASB bad debt provisions up, but savings inflows strong

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Here's to the crazy ones. The misfits. The rebels. The troublemakers. The round pegs in the square holes. The ones who see things differently. They're not fond of rules. And they have no respect for the status quo. You can quote them, disagree with them, glorify or vilify them. About the only thing you can't do is ignore them. Because they change things. They push the human race forward. And while some may see them as the crazy ones, we see genius. Because the people who are crazy enough to think they can change the world, are the ones who do.

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