David Chaston

Productivity is low for reasons that are hard to explain. But maybe we have been looking at the 'problem' in the wrong way - perhaps our historical benchmark was unique and can't be repeated

Productivity is low for reasons that are hard to explain. But maybe we have been looking at the 'problem' in the wrong way - perhaps our historical benchmark was unique and can't be repeated

CPI inflation up to 2.9% in US; US 2018 budget deficit to hit US$¾ tln; US FDI slumps; EU, Korea cut growth forecasts; UK Brexit White Paper; UST 10yr at 2.85%; oil down, gold up; NZ$1 = 67.7 USc; TWI-5 = 71.2

CPI inflation up to 2.9% in US; US 2018 budget deficit to hit US$¾ tln; US FDI slumps; EU, Korea cut growth forecasts; UK Brexit White Paper; UST 10yr at 2.85%; oil down, gold up; NZ$1 = 67.7 USc; TWI-5 = 71.2

A review of things you need to know before you go home on Thursday; no rate changes, food prices stable, MPB on lifestyle blocks now, investors confident, swaps slip, NZD holds lower

A review of things you need to know before you go home on Thursday; no rate changes, food prices stable, MPB on lifestyle blocks now, investors confident, swaps slip, NZD holds lower

Americans to tariff most China goods; US PPI rises faster; Canada raises rates; Turkey deficits grow; Aussie property investors gloomy; Aussie tax cheats revealed; UST 10yr at 2.85%; oil and gold down; NZ$1 = 67.6 USc; TWI-5 = 71.1

Americans to tariff most China goods; US PPI rises faster; Canada raises rates; Turkey deficits grow; Aussie property investors gloomy; Aussie tax cheats revealed; UST 10yr at 2.85%; oil and gold down; NZ$1 = 67.6 USc; TWI-5 = 71.1

A review of things you need to know before you go home on Wednesday; NZCU South trims a TD rate, more huge Trump tariffs, guest nights up, NZ stress tests ok, rents jump, swaps fall, NZD down

A review of things you need to know before you go home on Wednesday; NZCU South trims a TD rate, more huge Trump tariffs, guest nights up, NZ stress tests ok, rents jump, swaps fall, NZD down

The media world is changing. That is challenging for readers who expect independent news, data and comment. But it also means you can join us in making sure it remains available

The media world is changing. That is challenging for readers who expect independent news, data and comment. But it also means you can join us in making sure it remains available

US quit rate rises; Canada housing starts jump; China factory inflation up; German sentiment tumbles; Turkey embraces nepotism; NZ's innovation handicap; UST 10yr at 2.87%; oil up and gold down; NZ$1 = 68.4 USc; TWI-5 = 71.6

US quit rate rises; Canada housing starts jump; China factory inflation up; German sentiment tumbles; Turkey embraces nepotism; NZ's innovation handicap; UST 10yr at 2.87%; oil up and gold down; NZ$1 = 68.4 USc; TWI-5 = 71.6

A review of things you need to know before you go home on Tuesday; two rate changes, truckometer loses momentum, inflation low even as retail demand solid, swaps unchanged, NZD firm

A review of things you need to know before you go home on Tuesday; two rate changes, truckometer loses momentum, inflation low even as retail demand solid, swaps unchanged, NZD firm

Wall Street leaps following Asia; India monsoons weak; China ignores CFC risks; Mexico inflation up; Brexit plans uncertain; Aussie houses take longer to sell; UST 10yr at 2.86%; oil and gold up; NZ$1 = 68.4 USc; TWI-5 = 71.5

Wall Street leaps following Asia; India monsoons weak; China ignores CFC risks; Mexico inflation up; Brexit plans uncertain; Aussie houses take longer to sell; UST 10yr at 2.86%; oil and gold up; NZ$1 = 68.4 USc; TWI-5 = 71.5

TSB sets its fighting rate at 4.35% for eighteen months fixed, the lowest of any bank for this term except HSBC Premier

TSB sets its fighting rate at 4.35% for eighteen months fixed, the lowest of any bank for this term except HSBC Premier

A review of things you need to know before you go home on Monday; a TD rate cut, a credit card rate cut, Japan & China data impresses, swaps unchanged, comparing the US rate curve, NZD firm-ish

A review of things you need to know before you go home on Monday; a TD rate cut, a credit card rate cut, Japan & China data impresses, swaps unchanged, comparing the US rate curve, NZD firm-ish

US job gains rise but jobless rate also rises; ditto Canada; US tariffs come into effect; some hard commodity prices retreat; Japan ratifies TPP; UST 10yr at 2.82%; oil and gold unchanged; NZ$1 = 68.4 USc; TWI-5 = 71.5

US job gains rise but jobless rate also rises; ditto Canada; US tariffs come into effect; some hard commodity prices retreat; Japan ratifies TPP; UST 10yr at 2.82%; oil and gold unchanged; NZ$1 = 68.4 USc; TWI-5 = 71.5

US jobs growth beats estimates; ditto Canada; equity markets rise; China takes US to WTO; some metals retreat; EU gives Japan trade deal the green light; UST 10yr 2.84%; oil up, gold down; NZ$1 = 67.7 USc; TWI-5 = 71.5

US jobs growth beats estimates; ditto Canada; equity markets rise; China takes US to WTO; some metals retreat; EU gives Japan trade deal the green light; UST 10yr 2.84%; oil up, gold down; NZ$1 = 67.7 USc; TWI-5 = 71.5

US tariffs effective today; China will respond; Fed watching; US job growth hits bump; BIS warns on low rates; air travel in strong growth; RBA eyes housing turn; UST 10yr at 2.84%; oil and gold down; NZ$1 = 67.8 USc; TWI-5 = 71.2

US tariffs effective today; China will respond; Fed watching; US job growth hits bump; BIS warns on low rates; air travel in strong growth; RBA eyes housing turn; UST 10yr at 2.84%; oil and gold down; NZ$1 = 67.8 USc; TWI-5 = 71.2

New car sales growth may have topped out but there are still fast growing segments and shifts, moving us to a fleet of bigger, beefier personal transport

New car sales growth may have topped out but there are still fast growing segments and shifts, moving us to a fleet of bigger, beefier personal transport

Airfreight volumes expand; WTO sees more restrictions; China services expand faster; OECD fingers 'superstar tech'; Aussie service sector cools; UST 10yr at 2.83%; oil and gold up; NZ$1 = 67.6 USc; TWI-5 = 71.1

Airfreight volumes expand; WTO sees more restrictions; China services expand faster; OECD fingers 'superstar tech'; Aussie service sector cools; UST 10yr at 2.83%; oil and gold up; NZ$1 = 67.6 USc; TWI-5 = 71.1

A review of things you need to know before you go home on Wednesday; no rate changes, buyers market for housing, KiwiBuild ballot criteria, land tax gets a booster, job ads sag, swaps stable, NZD up

A review of things you need to know before you go home on Wednesday; no rate changes, buyers market for housing, KiwiBuild ballot criteria, land tax gets a booster, job ads sag, swaps stable, NZD up

WMP prices drop more than -7%; US factory activity rises, car sales up; US personal loans leap; ASIC raises flags on credit card debt standards; UST 10yr at 2.83%; oil and gold up; NZ$1 = 67.5 USc; TWI-5 = 70.9

WMP prices drop more than -7%; US factory activity rises, car sales up; US personal loans leap; ASIC raises flags on credit card debt standards; UST 10yr at 2.83%; oil and gold up; NZ$1 = 67.5 USc; TWI-5 = 70.9

A review of things you need to know before you go home on Tuesday; no rate changes, Shanghai in trouble again, businesses 'quietly unconfident', SUV's rule, asking prices drop, swaps stable, NZD down

A review of things you need to know before you go home on Tuesday; no rate changes, Shanghai in trouble again, businesses 'quietly unconfident', SUV's rule, asking prices drop, swaps stable, NZD down

Shanghai drops -2.5%; China external debt jumps; Mexico turns left; Merkel losing authority; Aussie worries grow; commodity prices wobble; UST 10yr at 2.87%; oil unchanged, gold drops; NZ$1 = 67 USc; TWI-5 = 70.6

Shanghai drops -2.5%; China external debt jumps; Mexico turns left; Merkel losing authority; Aussie worries grow; commodity prices wobble; UST 10yr at 2.87%; oil unchanged, gold drops; NZ$1 = 67 USc; TWI-5 = 70.6

A review of things you need to know before you go home on Monday; many mortgage rate cuts, a TD rate hike, TPP gaining momentum again, India faces tumult, AU house prices slip, partisanship breeds distrust, swaps and NZD stable

A review of things you need to know before you go home on Monday; many mortgage rate cuts, a TD rate hike, TPP gaining momentum again, India faces tumult, AU house prices slip, partisanship breeds distrust, swaps and NZD stable

Kiwibank is the third bank to adopt 4.19% as its one year fixed home loan rate as the reductions keep coming at the popular end of the fixed term options

Kiwibank is the third bank to adopt 4.19% as its one year fixed home loan rate as the reductions keep coming at the popular end of the fixed term options

US inflation hits +2.3%, confidence stutters; Canada tariffs US goods; EU inflation jumps; China cuts tariffs; Aussie new house sales fall; UST 10yr at 2.85%; oil unchanged, gold stops falling; NZ$1 = 67.7 USc; TWI-5 = 71.1

US inflation hits +2.3%, confidence stutters; Canada tariffs US goods; EU inflation jumps; China cuts tariffs; Aussie new house sales fall; UST 10yr at 2.85%; oil unchanged, gold stops falling; NZ$1 = 67.7 USc; TWI-5 = 71.1

A key challenger bank drops most home loan rates, even taking its one year rate down to 4.19%. Recent wholesale rate falls may open up further moves down

A key challenger bank drops most home loan rates, even taking its one year rate down to 4.19%. Recent wholesale rate falls may open up further moves down

The combination of boomer demographics and a weakening economy is depressing term deposit rates. Thus David Chaston says the prospect is for lower rates in the future

The combination of boomer demographics and a weakening economy is depressing term deposit rates. Thus David Chaston says the prospect is for lower rates in the future