David Chaston

David Chaston can't wait for December 5 to see how committed the RBNZ is to ensuring bank shareholders play their role properly as responsible investors, rather than rent-seeking leverage merchants

David Chaston can't wait for December 5 to see how committed the RBNZ is to ensuring bank shareholders play their role properly as responsible investors, rather than rent-seeking leverage merchants

US holiday retail starts subdued; Canada growth slows; Japan confidence rises; China and India in growth downgrades; Aussie debt growth weak; UST 10yr 1.77%; oil down and gold up; NZ$1 = 64.2 USc; TWI-5 = 68.6

US holiday retail starts subdued; Canada growth slows; Japan confidence rises; China and India in growth downgrades; Aussie debt growth weak; UST 10yr 1.77%; oil down and gold up; NZ$1 = 64.2 USc; TWI-5 = 68.6

A review of things you need to know before you go home on Friday; BNZ cuts rates, building consent rises strong, consumer confidence up, mortgage debt up, household deposit growth slows, swaps firm, NZD stable, & more

A review of things you need to know before you go home on Friday; BNZ cuts rates, building consent rises strong, consumer confidence up, mortgage debt up, household deposit growth slows, swaps firm, NZD stable, & more

BNZ strikes with a hot eighteen month fixed rate, extending the 3.39% price point out longer just after others started raising two year rates recently

BNZ strikes with a hot eighteen month fixed rate, extending the 3.39% price point out longer just after others started raising two year rates recently

US holiday masks weaknesses; Mexico and Japan report weak data; OECD pessimistic; key food prices jump; Aussie capex falls; UST 10yr yield at 1.77%; oil and gold little-changed; NZ$1 = 64.1 USc; TWI-5 = 69.6

US holiday masks weaknesses; Mexico and Japan report weak data; OECD pessimistic; key food prices jump; Aussie capex falls; UST 10yr yield at 1.77%; oil and gold little-changed; NZ$1 = 64.1 USc; TWI-5 = 69.6

A review of things you need to know before you go home on Thursday; no rate changes, business confidence improves, farmers under pressure from bankers, bank leverage high,swaps lower, NZD higher, & more

A review of things you need to know before you go home on Thursday; no rate changes, business confidence improves, farmers under pressure from bankers, bank leverage high,swaps lower, NZD higher, & more

Low US growth revised up; inflation down; personal incomes flat but spending rises; China profits fall, new stimulus actioned; grim Aussie construction data; UST 10yr yield at 1.77%; oil and gold down; NZ$1 = 64.3 USc; TWI-5 = 69.7

Low US growth revised up; inflation down; personal incomes flat but spending rises; China profits fall, new stimulus actioned; grim Aussie construction data; UST 10yr yield at 1.77%; oil and gold down; NZ$1 = 64.3 USc; TWI-5 = 69.7

A review of things you need to know before you go home on Wednesday; HSBC raises mortgage rates, trade deficit swells, LVR limits unchanged, more migrants coming, swap rates lower, NZD up, & more

A review of things you need to know before you go home on Wednesday; HSBC raises mortgage rates, trade deficit swells, LVR limits unchanged, more migrants coming, swap rates lower, NZD up, & more

HSBC ends its 3.35% across-the-board mortgage rate offer, raising rates by between +19 bps and +54 bps, but still with offers that are generally competitive with the main banks

HSBC ends its 3.35% across-the-board mortgage rate offer, raising rates by between +19 bps and +54 bps, but still with offers that are generally competitive with the main banks

US data mixed; US trade lower; China sees progress in trade talks; large China SOE default imminent; alarm at China's coal plans; Aussie confidence falls; UST 10yr yield at 1.74%; oil and gold up; NZ$1 = 64.2 USc; TWI-5 = 69.6

US data mixed; US trade lower; China sees progress in trade talks; large China SOE default imminent; alarm at China's coal plans; Aussie confidence falls; UST 10yr yield at 1.74%; oil and gold up; NZ$1 = 64.2 USc; TWI-5 = 69.6

A review of things you need to know before you go home on Tuesday; some rate changes, retail stronger, affordability worsens, investor borrowing surges back, swaps little-changed, NZD firm, & more

A review of things you need to know before you go home on Tuesday; some rate changes, retail stronger, affordability worsens, investor borrowing surges back, swaps little-changed, NZD firm, & more

TSB will again match any home loan rate advertised and offered by an Australian-owned major bank. This offer ensures TSB clients can win lower rates for five of the eight rate options

TSB will again match any home loan rate advertised and offered by an Australian-owned major bank. This offer ensures TSB clients can win lower rates for five of the eight rate options

US data uninspiring; Canada gets uptick; world trade stabilises; Beijing unrepentant over Hong Kong; China tightens IP rules, delays ag US imports; UST 10yr yield at 1.76%; oil and gold down; NZ$1 = 64 USc; TWI-5 = 69.4

US data uninspiring; Canada gets uptick; world trade stabilises; Beijing unrepentant over Hong Kong; China tightens IP rules, delays ag US imports; UST 10yr yield at 1.76%; oil and gold down; NZ$1 = 64 USc; TWI-5 = 69.4

A review of things you need to know before you go home on Monday; no rate changes, shrinking bank margins, China buys Aussie dairy assets, Beijing routed in Hong Kong, swaps unchanged, NZD firm, & more

A review of things you need to know before you go home on Monday; no rate changes, shrinking bank margins, China buys Aussie dairy assets, Beijing routed in Hong Kong, swaps unchanged, NZD firm, & more

Fed pumps in huge liquidity; China attacks Canada and Australia; Hong Kong votes, world PMIs weak; Bridgewater shorts equities; UST 10yr yield at 1.77%; oil unchanged and gold down; NZ$1 = 64.1 USc; TWI-5 = 69.4

Fed pumps in huge liquidity; China attacks Canada and Australia; Hong Kong votes, world PMIs weak; Bridgewater shorts equities; UST 10yr yield at 1.77%; oil unchanged and gold down; NZ$1 = 64.1 USc; TWI-5 = 69.4

David Chaston wonders if we are at a turning point where the recent long term improvement in our loans-to-deposit ratio starts to reverse, and we move to higher dependence on foreign borrowing to fund the household debt appetite

David Chaston wonders if we are at a turning point where the recent long term improvement in our loans-to-deposit ratio starts to reverse, and we move to higher dependence on foreign borrowing to fund the household debt appetite

Global PMI's near stagnation; Bridgewater shorts equity market; China revises economy size up; bitcoin drops sharply; UST 10yr 1.77%; oil and gold down; NZ$1 = 64.1 USc; TWI-5 = 68.4

Global PMI's near stagnation; Bridgewater shorts equity market; China revises economy size up; bitcoin drops sharply; UST 10yr 1.77%; oil and gold down; NZ$1 = 64.1 USc; TWI-5 = 68.4

A review of things you need to know before you go home on Friday; TSB cuts a 6mth rate, Co-op Bank finds it tough going, Synlait wants less bank debt, KiwiSaver returns average, swaps firm, NZD stable, & more

A review of things you need to know before you go home on Friday; TSB cuts a 6mth rate, Co-op Bank finds it tough going, Synlait wants less bank debt, KiwiSaver returns average, swaps firm, NZD stable, & more

US data lackluster; China makes half-hearted effort to engage US; OCED sees growth slipping; Westpac's crime of failing to learn; UST 10yr yield at 1.78%; oil up and gold unchanged; NZ$1 = 64.1 USc; TWI-5 = 69.4

US data lackluster; China makes half-hearted effort to engage US; OCED sees growth slipping; Westpac's crime of failing to learn; UST 10yr yield at 1.78%; oil up and gold unchanged; NZ$1 = 64.1 USc; TWI-5 = 69.4

A review of things you need to know before you go home on Thursday; more rate cuts, financial complaints low, savings rate high, BNPL eats into credit card use, swaps unchanged, NZD soft, & more

A review of things you need to know before you go home on Thursday; more rate cuts, financial complaints low, savings rate high, BNPL eats into credit card use, swaps unchanged, NZD soft, & more

New lower term deposit rates from ASB push its offers to among the lowest in the market and an ominous sign for savers because other banks may follow

New lower term deposit rates from ASB push its offers to among the lowest in the market and an ominous sign for savers because other banks may follow

Another major bank falls into line with a 3.39% one year home loan rate while also raising its two year fixed rate by +10 bps

Another major bank falls into line with a 3.39% one year home loan rate while also raising its two year fixed rate by +10 bps

Eyes on US Fed, China trims benchmark rates again; Japan posts tiny trade surplus; Asia food system needs huge investment; US ag surplus vanishes; UST 10yr yield at 1.74%; oil down and gold unchanged; NZ$1 = 64.1 USc; TWI-5 = 69.4

Eyes on US Fed, China trims benchmark rates again; Japan posts tiny trade surplus; Asia food system needs huge investment; US ag surplus vanishes; UST 10yr yield at 1.74%; oil down and gold unchanged; NZ$1 = 64.1 USc; TWI-5 = 69.4

A review of things you need to know before you go home on Wednesday: more rate cuts, rising dairy prices, Westpac holds reputation hand grenade, lower farm sales, higher house price expectations, swaps lower, NZD firm, & more

A review of things you need to know before you go home on Wednesday: more rate cuts, rising dairy prices, Westpac holds reputation hand grenade, lower farm sales, higher house price expectations, swaps lower, NZD firm, & more

Dairy prices rise; US housing starts up; Canada rail on strike; China steel output falls; RBA was close to cutting; OECD growth dims; UST 10yr yield at 1.78%; oil down and gold unchanged; NZ$1 = 64.3 USc; TWI-5 = 69.4

Dairy prices rise; US housing starts up; Canada rail on strike; China steel output falls; RBA was close to cutting; OECD growth dims; UST 10yr yield at 1.78%; oil down and gold unchanged; NZ$1 = 64.3 USc; TWI-5 = 69.4