David Chaston

US politics gets very ropey; Canadian retail rises; China household debt risks rise; China presses its advantages; Japan stumbles, Taiwan rises; EU is depressed; UST 10y at 0.83%; oil and gold up; NZ$1 = 69.4 USc; TWI-5 = 72.1

US politics gets very ropey; Canadian retail rises; China household debt risks rise; China presses its advantages; Japan stumbles, Taiwan rises; EU is depressed; UST 10y at 0.83%; oil and gold up; NZ$1 = 69.4 USc; TWI-5 = 72.1

A review of things you need to know before you go home on Friday; online spending surges, credit card spending falls, scams and stumbles, Chorus gets bond support, big national savings, bond yields fall, NZD stays high, & more

A review of things you need to know before you go home on Friday; online spending surges, credit card spending falls, scams and stumbles, Chorus gets bond support, big national savings, bond yields fall, NZD stays high, & more

Until the onset of the pandemic, foreign investors increased their exposure here but only taking the level back to more traditional levels, after losing some interest in the prior three years

Until the onset of the pandemic, foreign investors increased their exposure here but only taking the level back to more traditional levels, after losing some interest in the prior three years

US jobless claims signal severe concerns; US housing market avoids mess; China bond issues widen; Aussie jobless rate rises; courts hit insurers hard; UST 10y at 0.84%; oil and gold down; NZ$1 = 69 USc; TWI-5 = 71.8

US jobless claims signal severe concerns; US housing market avoids mess; China bond issues widen; Aussie jobless rate rises; courts hit insurers hard; UST 10y at 0.84%; oil and gold down; NZ$1 = 69 USc; TWI-5 = 71.8

A review of things you need to know before you go home on Thursday; BNZ closing branches, scams proliferate, Harmoney lists, farm sales up, bond yields rise, insurers lose, NZD up, & more

A review of things you need to know before you go home on Thursday; BNZ closing branches, scams proliferate, Harmoney lists, farm sales up, bond yields rise, insurers lose, NZD up, & more

Trepidation ahead of Black Friday sales; US and Canada housing up; 737MAX get approval; EU car sales slump; China bond woes grow; Aussie wage growth stalls; UST 10y at 0.87%; oil up and gold down; NZ$1 = 69.3 USc; TWI-5 = 72

Trepidation ahead of Black Friday sales; US and Canada housing up; 737MAX get approval; EU car sales slump; China bond woes grow; Aussie wage growth stalls; UST 10y at 0.87%; oil up and gold down; NZ$1 = 69.3 USc; TWI-5 = 72

A review of things you need to know before you go home on Wednesday; no retail rate changes, sharply fewer migrants, no PPI inflation, fewer tractors, new ad standards, swap rates rise, NZD slips, & more

A review of things you need to know before you go home on Wednesday; no retail rate changes, sharply fewer migrants, no PPI inflation, fewer tractors, new ad standards, swap rates rise, NZD slips, & more

Trade relationships are not a measure of popularity or acceptance of the other country's political leadership - and New Zealanders are among the most sceptical, even if we trade a lot

Trade relationships are not a measure of popularity or acceptance of the other country's political leadership - and New Zealanders are among the most sceptical, even if we trade a lot

Dairy prices rise in USD, fall in NZD; US retail sales slip; US industrial production weak; Singapore trade surplus up but trade lower; UST 10y at 0.87%; oil and gold down; NZ$1 = 68.9 USc; TWI-5 = 71.7

Dairy prices rise in USD, fall in NZD; US retail sales slip; US industrial production weak; Singapore trade surplus up but trade lower; UST 10y at 0.87%; oil and gold down; NZ$1 = 68.9 USc; TWI-5 = 71.7

A review of things you need to know before you go home on Tuesday; no retail rate changes, population grows slower, tourism industry told to change, new market study, record high price-to-income ratio, bond yields rise, NZD up, & more

A review of things you need to know before you go home on Tuesday; no retail rate changes, population grows slower, tourism industry told to change, new market study, record high price-to-income ratio, bond yields rise, NZD up, & more

David Chaston updates our latest population data at September 2020 and looks at the forces behind our stable median age, a trend that helps keep our social contract affordable

David Chaston updates our latest population data at September 2020 and looks at the forces behind our stable median age, a trend that helps keep our social contract affordable

Vaccine news bolsters markets; China's bond woes spread; China retail sales underwhelm; China's industrial production strong; UST 10y at 0.91%; oil and gold up; NZ$1 = 69 USc; TWI-5 = 71.8

Vaccine news bolsters markets; China's bond woes spread; China retail sales underwhelm; China's industrial production strong; UST 10y at 0.91%; oil and gold up; NZ$1 = 69 USc; TWI-5 = 71.8

A review of things you need to know before you go home on Monday; no retail rate changes, more house building, weak service sector, low bankruptcy levels, high life satisfaction, NZD firm, & more

A review of things you need to know before you go home on Monday; no retail rate changes, more house building, weak service sector, low bankruptcy levels, high life satisfaction, NZD firm, & more

David Chaston says one thing 'missing' from this COVID recession is severe debt stress, as social and business support programmes keep bankruptcies unusually low despite the rise in unemployment

David Chaston says one thing 'missing' from this COVID recession is severe debt stress, as social and business support programmes keep bankruptcies unusually low despite the rise in unemployment

The RCEP is signed; China's bond market tested; China at odds with Australia; BNPL in regulator sights; US sentiment falls; US deficit doubles; UST 10y at 0.90%; oil down and gold unchanged; NZ$1 = 68.5 USc; TWI-5 = 71.4

The RCEP is signed; China's bond market tested; China at odds with Australia; BNPL in regulator sights; US sentiment falls; US deficit doubles; UST 10y at 0.90%; oil down and gold unchanged; NZ$1 = 68.5 USc; TWI-5 = 71.4

RCEP about to be signed; US sentiment falls; US budget deficit soars; China struggles with a bond default; China launches 6G; China raps Australia again; UST 10y at 0.89%; oil down and gold up; NZ$1 = 68.4 USc; TWI-5 = 71.3

RCEP about to be signed; US sentiment falls; US budget deficit soars; China struggles with a bond default; China launches 6G; China raps Australia again; UST 10y at 0.89%; oil down and gold up; NZ$1 = 68.4 USc; TWI-5 = 71.3

A review of things you need to know before you go home on Friday; ASB trims mortgage rates, PMIs drag, job ads up, food prices higher than CPI, rents too, high DTI lending tiny, swaps stay up, NZD down, & more

A review of things you need to know before you go home on Friday; ASB trims mortgage rates, PMIs drag, job ads up, food prices higher than CPI, rents too, high DTI lending tiny, swaps stay up, NZD down, & more

In the past week, and despite strong RBNZ signals it wants interest rates to stay very low, local wholesale markets have pushed through a rising rate curve anyway. Borrowers should stay alert

In the past week, and despite strong RBNZ signals it wants interest rates to stay very low, local wholesale markets have pushed through a rising rate curve anyway. Borrowers should stay alert

US jobless claims fall, -1.1 mln fall off support; US CPI falls; Canadians brace for higher mortgage rates; ASEAN plans travel corridor; UST 10y at 0.90%; oil stable and gold up; NZ$1 = 68.8 USc; TWI-5 = 71.8

US jobless claims fall, -1.1 mln fall off support; US CPI falls; Canadians brace for higher mortgage rates; ASEAN plans travel corridor; UST 10y at 0.90%; oil stable and gold up; NZ$1 = 68.8 USc; TWI-5 = 71.8

Banks are moving quickly to reinstate LVR restrictions now that they have the RBNZ's signal. The first to announce them is heavyweight ASB, which is moving 'immediately'

Banks are moving quickly to reinstate LVR restrictions now that they have the RBNZ's signal. The first to announce them is heavyweight ASB, which is moving 'immediately'

A review of things you need to know before you go home on Thursday; record high house prices, good rental yields, rising bond yields, banker pay 'reform', swap rates up, NZD up, & more

A review of things you need to know before you go home on Thursday; record high house prices, good rental yields, rising bond yields, banker pay 'reform', swap rates up, NZD up, & more

US mortgage rates fall; China loan growth slips; Japan machine tool orders recover; EU gets looser; Aussie sentiment roars back; UST 10y at 0.96%; oil up and gold down; NZ$1 = 68.7 USc; TWI-5 = 71.8

US mortgage rates fall; China loan growth slips; Japan machine tool orders recover; EU gets looser; Aussie sentiment roars back; UST 10y at 0.96%; oil up and gold down; NZ$1 = 68.7 USc; TWI-5 = 71.8

A review of things you need to know before you go home on Wednesday; concrete production rebounds, LVRs about to be reimposed, the MPS signals a $28 bln FLP, swap rates rise, NZD rises sharply, & more

A review of things you need to know before you go home on Wednesday; concrete production rebounds, LVRs about to be reimposed, the MPS signals a $28 bln FLP, swap rates rise, NZD rises sharply, & more

US retail sales slip; Singles Day swamps China; China CPI dips unexpectedly; German business sentiment drops; Aussie business sentiment rises; UST 10y at 0.96%; oil and gold rise; NZ$1 = 68.2 USc; TWI-5 = 71.3

US retail sales slip; Singles Day swamps China; China CPI dips unexpectedly; German business sentiment drops; Aussie business sentiment rises; UST 10y at 0.96%; oil and gold rise; NZ$1 = 68.2 USc; TWI-5 = 71.3

David Chaston explains how our long run improvements in employment under various Governments, has provided the resilience to weather the current pandemic stresses better than many other important economies

David Chaston explains how our long run improvements in employment under various Governments, has provided the resilience to weather the current pandemic stresses better than many other important economies