About
David Chaston is the publisher of interest.co.nz and is commited to ensuring readers get the latest information on interest rates, and the forces that move them.
David Chaston
Latest articles
US retail sales slip, layoffs rise; China debt growth slows; lithium prices surge; India industrial production slumps; Australia bans Chinese investment; UST 10yr at 1.16%; oil up and gold down; NZ$1 = 71.8 USc; TWI-5 = 73.2
13th Jan 21, 7:31am
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US retail sales slip, layoffs rise; China debt growth slows; lithium prices surge; India industrial production slumps; Australia bans Chinese investment; UST 10yr at 1.16%; oil up and gold down; NZ$1 = 71.8 USc; TWI-5 = 73.2
A review of things you need to know before you go home on Tuesday; no response to Westpac yet, more MIQ testing, milk price forecast raised, swaps firm, NZD soft, & more
12th Jan 21, 3:59pm
33
A review of things you need to know before you go home on Tuesday; no response to Westpac yet, more MIQ testing, milk price forecast raised, swaps firm, NZD soft, & more
An explainer of bank capital, how it is regulated and set, and how it has changed over recent years, especially the buffering freeboard levels
12th Jan 21, 2:14pm
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An explainer of bank capital, how it is regulated and set, and how it has changed over recent years, especially the buffering freeboard levels
US Fed's surplus grows; US expects more inflation; China gets less inflation; Aussie retail sales jump; equities slip; UST 10yr at 1.14%; oil and gold unchanged; NZ$1 = 71.8 USc; TWI-5 = 73.2
12th Jan 21, 7:19am
94
US Fed's surplus grows; US expects more inflation; China gets less inflation; Aussie retail sales jump; equities slip; UST 10yr at 1.14%; oil and gold unchanged; NZ$1 = 71.8 USc; TWI-5 = 73.2
Bitcoin smashes records in reverse today with eye-watering declines in a very short period
11th Jan 21, 4:59pm
125
Bitcoin smashes records in reverse today with eye-watering declines in a very short period
A review of things you need to know before you go home on Monday; big New Year rate cut, jobs decline, retail bifurcates, bank depositors go short, NZX50 dives, yields soft, NZD softer, & more
11th Jan 21, 3:59pm
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A review of things you need to know before you go home on Monday; big New Year rate cut, jobs decline, retail bifurcates, bank depositors go short, NZX50 dives, yields soft, NZD softer, & more
Encouraged by the RBNZ, one major bank offers a 2.29% one year fixed home loan rate. It is almost certain to signal a new round of mortgage rate cuts that will juice up the already-hot housing market
11th Jan 21, 8:18am
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Encouraged by the RBNZ, one major bank offers a 2.29% one year fixed home loan rate. It is almost certain to signal a new round of mortgage rate cuts that will juice up the already-hot housing market
IMF's China review warns on dangers of unsustainable debt-based growth; Taiwan's export rise extends; US backs down on tech tax; US jobs shrink; UST 10yr at 1.10%; oil and gold up; NZ$1 = 72.4 USc; TWI-5 = 73.6
11th Jan 21, 7:19am
43
IMF's China review warns on dangers of unsustainable debt-based growth; Taiwan's export rise extends; US backs down on tech tax; US jobs shrink; UST 10yr at 1.10%; oil and gold up; NZ$1 = 72.4 USc; TWI-5 = 73.6
Gold and other precious metals are out of favour as asset bubbles mushroom everywhere on huge stimulus, and prospects of much more very soon. Is this the time to buy up now ahead of the 'inevitable' crash?
9th Jan 21, 1:24pm
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Gold and other precious metals are out of favour as asset bubbles mushroom everywhere on huge stimulus, and prospects of much more very soon. Is this the time to buy up now ahead of the 'inevitable' crash?
US non-farm payrolls disappoint; ditto for Canada; Taiwan's export prowess continues; the IMF warns on China distortions; UST 10yr at 1.10%; oil up but gold slumps; NZ$1 = 72.5 USc; TWI-5 = 73.7
9th Jan 21, 8:45am
98
US non-farm payrolls disappoint; ditto for Canada; Taiwan's export prowess continues; the IMF warns on China distortions; UST 10yr at 1.10%; oil up but gold slumps; NZ$1 = 72.5 USc; TWI-5 = 73.7
Bitcoin smashes records in super-quick time, not all of them on the upside. But the trend is ever higher
8th Jan 21, 10:03am
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Bitcoin smashes records in super-quick time, not all of them on the upside. But the trend is ever higher
Biden takes over some huge and growing US economic problems; Australia records improving economic data; China races to join TPP; UST 10yr at 1.08%; oil stable and gold up; NZ$1 = 72.5 USc; TWI-5 = 73.7
8th Jan 21, 7:29am
127
Biden takes over some huge and growing US economic problems; Australia records improving economic data; China races to join TPP; UST 10yr at 1.08%; oil stable and gold up; NZ$1 = 72.5 USc; TWI-5 = 73.7
2020 vehicle sales dive in a pandemic-undermined year, wrecked by tourism and supply issues. Worse, they ended on a weakening trend
7th Jan 21, 10:53am
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2020 vehicle sales dive in a pandemic-undermined year, wrecked by tourism and supply issues. Worse, they ended on a weakening trend
US dollar slips as bond yields, commodities and equities rise; Japanese confidence sinks again; China encourages offshore spending; UST 10yr at 1.05%; oil up and gold down; NZ$1 = 72.7 USc; TWI-5 = 73.8
7th Jan 21, 7:26am
91
US dollar slips as bond yields, commodities and equities rise; Japanese confidence sinks again; China encourages offshore spending; UST 10yr at 1.05%; oil up and gold down; NZ$1 = 72.7 USc; TWI-5 = 73.8
Barfoots finishes 2020 strongly with sales volumes up +28% and median price exceeding $1 mln for the first time
6th Jan 21, 10:25am
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Barfoots finishes 2020 strongly with sales volumes up +28% and median price exceeding $1 mln for the first time
Dairy prices rise for fourth straight time; US retail and factory data positive; World Bank downgrades growth again, but China a bright spot; UST 10yr at 0.96%; oil and gold up; NZ$1 = 72.4 USc; TWI-5 = 73.4
6th Jan 21, 7:31am
50
Dairy prices rise for fourth straight time; US retail and factory data positive; World Bank downgrades growth again, but China a bright spot; UST 10yr at 0.96%; oil and gold up; NZ$1 = 72.4 USc; TWI-5 = 73.4
David Chaston points out that the new 39% income tax rate won't work as intended. It will just re-incentivise the housing distortion, sad because the real answer has been in plain sight for a decade
5th Jan 21, 3:29pm
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David Chaston points out that the new 39% income tax rate won't work as intended. It will just re-incentivise the housing distortion, sad because the real answer has been in plain sight for a decade
World factories ended 2020 expanding; China focuses on food security - again; Aussie house prices up, except for high-density housing; UST 10yr at 0.91%; oil down and gold jumps; NZ$1 = 71.7 USc; TWI-5 = 73
5th Jan 21, 7:54am
17
World factories ended 2020 expanding; China focuses on food security - again; Aussie house prices up, except for high-density housing; UST 10yr at 0.91%; oil down and gold jumps; NZ$1 = 71.7 USc; TWI-5 = 73
US Congress avoids a jobless benefits mess; China distorts food and commodity prices; China tells banks to cap mortgage risks; UST 10yr at 0.92%; oil holds and gold up; NZ$1 = 71.8 USc; TWI-5 = 73.1
4th Jan 21, 8:26am
23
US Congress avoids a jobless benefits mess; China distorts food and commodity prices; China tells banks to cap mortgage risks; UST 10yr at 0.92%; oil holds and gold up; NZ$1 = 71.8 USc; TWI-5 = 73.1
2020 might have delivered an unexpected horror run, but now it is behind us it is time to record what you think will happen in 2021 (and to check how well your 2020 predictions worked out)
31st Dec 20, 9:36am
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2020 might have delivered an unexpected horror run, but now it is behind us it is time to record what you think will happen in 2021 (and to check how well your 2020 predictions worked out)
A record US trade deficit; US business commitment hesitates; Americans optimistic long-term; South Korea struggles; global food prices at 6yr high; UST 10yr at 0.93%; oil holds and gold up; NZ$1 = 72.1 USc; TWI-5 = 73.3
31st Dec 20, 8:32am
22
A record US trade deficit; US business commitment hesitates; Americans optimistic long-term; South Korea struggles; global food prices at 6yr high; UST 10yr at 0.93%; oil holds and gold up; NZ$1 = 72.1 USc; TWI-5 = 73.3
Banks are taking substantially different views over their appetite for rural debt, and they are not all based on loan-loss experience. Meanwhile, non-bank lenders are also moving in
30th Dec 20, 11:35am
17
Banks are taking substantially different views over their appetite for rural debt, and they are not all based on loan-loss experience. Meanwhile, non-bank lenders are also moving in
US retail sales tick up; South Korea sentiment falls; bond markets see inflation coming; 2020 equity market moves very mixed; UST 10yr at 0.93%; oil and gold hold; NZ$1 = 71.6 USc; TWI-5 = 73
30th Dec 20, 8:25am
15
US retail sales tick up; South Korea sentiment falls; bond markets see inflation coming; 2020 equity market moves very mixed; UST 10yr at 0.93%; oil and gold hold; NZ$1 = 71.6 USc; TWI-5 = 73
China profits rise; iron ore prices stay high; Japanese retail sales slip; a Brexit deal agreed; EU and China close to a deal too; US gets its stimulus deal signed; UST 10yr at 0.94%; oil and gold hold; NZ$1 = 70.9 USc; TWI-5 = 72.6
29th Dec 20, 8:42am
31
China profits rise; iron ore prices stay high; Japanese retail sales slip; a Brexit deal agreed; EU and China close to a deal too; US gets its stimulus deal signed; UST 10yr at 0.94%; oil and gold hold; NZ$1 = 70.9 USc; TWI-5 = 72.6
Whales pile in to what they see is a one-way bet of certain gains for bitcoin, fueled by expectations of consumer inflation and a virtually fixed supply base - just as fiat currencies are being called on to bolster pandemic relief
28th Dec 20, 2:42pm
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Whales pile in to what they see is a one-way bet of certain gains for bitcoin, fueled by expectations of consumer inflation and a virtually fixed supply base - just as fiat currencies are being called on to bolster pandemic relief