Guest

Stephen Roach says the world is set up for the unwinding of three mega-trends: unconventional monetary policy, the real economy’s dependence on assets, and a potentially destabilizing global saving arbitrage

Stephen Roach says the world is set up for the unwinding of three mega-trends: unconventional monetary policy, the real economy’s dependence on assets, and a potentially destabilizing global saving arbitrage

Kevin Loane says that despite their unpopularity, wealth taxes may become a least bad option, as persistently weak productivity growth risks capping income gains for many

Kevin Loane says that despite their unpopularity, wealth taxes may become a least bad option, as persistently weak productivity growth risks capping income gains for many

FOMC raised its range for the Fed Funds Target Rate to 1.25% - 1.50%, as expected; USD and US yields fell in response to the FOMC, with the 2 year yield down around 5 basis points after the decision; AUD was the best performing currency

FOMC raised its range for the Fed Funds Target Rate to 1.25% - 1.50%, as expected; USD and US yields fell in response to the FOMC, with the 2 year yield down around 5 basis points after the decision; AUD was the best performing currency

Rabobank's Wes Lefroy explains how blockchain technology can enhance trade, provenance and transparency, and eliminate payment risk, in agricultural markets

Rabobank's Wes Lefroy explains how blockchain technology can enhance trade, provenance and transparency, and eliminate payment risk, in agricultural markets

USD is weaker across the board and yields lower overnight after US core CPI surprised to the downside; NZD is the top performer, rose to a touch below 0.70 USD overnight; AUD was just behind the NZD amongst the top performing currencies

USD is weaker across the board and yields lower overnight after US core CPI surprised to the downside; NZD is the top performer, rose to a touch below 0.70 USD overnight; AUD was just behind the NZD amongst the top performing currencies

NZD has maintained its shift to the upper end of the 0.68 – 0.70 trading range against the USD; AUD strengthened overnight; USD strengthened a bit against the major currencies; US yields edged up a few basis points; local swap rates were mostly unchanged

NZD has maintained its shift to the upper end of the 0.68 – 0.70 trading range against the USD; AUD strengthened overnight; USD strengthened a bit against the major currencies; US yields edged up a few basis points; local swap rates were mostly unchanged

Market prices in 98% chance for Fed rate hike this week; ECB, BoE, Swiss National Bank and Bank of Norway to also announce policies this week

Market prices in 98% chance for Fed rate hike this week; ECB, BoE, Swiss National Bank and Bank of Norway to also announce policies this week

NZD moved up around 0.75% on the news of Adrian Orr’s appointment as RBNZ Governor; local rates were higher and steeper; Fed will almost certainly hike the Fed Funds Target Range by 25 basis points on Thursday

NZD moved up around 0.75% on the news of Adrian Orr’s appointment as RBNZ Governor; local rates were higher and steeper; Fed will almost certainly hike the Fed Funds Target Range by 25 basis points on Thursday

Rabobank reckons that despite rising US and Brazilian production, 2018 prices for NZ beef won't suffer. But new Chinese emphasis on domestic production does cloud prospects further out

Rabobank reckons that despite rising US and Brazilian production, 2018 prices for NZ beef won't suffer. But new Chinese emphasis on domestic production does cloud prospects further out

National Party housing spokesperson responds to Phil Twyford's first big policy speech on how he will tackle housing affordability, housing availability and home ownership

National Party housing spokesperson responds to Phil Twyford's first big policy speech on how he will tackle housing affordability, housing availability and home ownership

A Motu Top 10 on festive giving ideas; gender, nature and nurture; lost Einsteins; how Nazis are made; paywalls; potatoes and productivity, Mugabe's lottery win & climate change in the USian mind

A Motu Top 10 on festive giving ideas; gender, nature and nurture; lost Einsteins; how Nazis are made; paywalls; potatoes and productivity, Mugabe's lottery win & climate change in the USian mind

Flexible exchange rates provide valuable monetary-policy independence. But in a dollar-dominated global trade environment, its ability to support full employment is severely limited claims Gita Gopinath

Flexible exchange rates provide valuable monetary-policy independence. But in a dollar-dominated global trade environment, its ability to support full employment is severely limited claims Gita Gopinath

Patrick Watson argues that much like the War on Drugs gave the US more drugs, the country's 'War on Slow Growth' might give it even slower economic growth

Patrick Watson argues that much like the War on Drugs gave the US more drugs, the country's 'War on Slow Growth' might give it even slower economic growth

Signaled public policy changes have farmers much more cautious for 2018, although most still expect their business performance stay the same or improve and farm investment to stay the same or increase

Signaled public policy changes have farmers much more cautious for 2018, although most still expect their business performance stay the same or improve and farm investment to stay the same or increase

Xi claims a "new era" version of non-democratic economic and political organisation superior to Western systems. But the Chinese development model is deficient in fundamental respects says Pranab Bardhan and not easily reproducible elsewhere

Xi claims a "new era" version of non-democratic economic and political organisation superior to Western systems. But the Chinese development model is deficient in fundamental respects says Pranab Bardhan and not easily reproducible elsewhere

Farmer survey reports that only a small minority farmers feel that they have come under undue pressure from bankers over the past six months as rural sector heads into a drier-than-normal period

Farmer survey reports that only a small minority farmers feel that they have come under undue pressure from bankers over the past six months as rural sector heads into a drier-than-normal period

George Friedman & Xander Snyder probe what's behind the recent rise in oil prices

George Friedman & Xander Snyder probe what's behind the recent rise in oil prices

Roy Morgan Research poll finds high levels of optimism about 2018, led by young, female Aucklanders. Those over 65 are least optimistic

Roy Morgan Research poll finds high levels of optimism about 2018, led by young, female Aucklanders. Those over 65 are least optimistic

Taking the initiative to boost trade and other commercial contacts is the best way to resist a trade war says Bill Emmott. Prepare for the worst by negotiating multilateral agreements to preempt American mercantilism

Taking the initiative to boost trade and other commercial contacts is the best way to resist a trade war says Bill Emmott. Prepare for the worst by negotiating multilateral agreements to preempt American mercantilism

Jacob Shapiro warns that when the next US recession comes, it will strike with inequality at new heights, which is likely to translate into massive political change

Jacob Shapiro warns that when the next US recession comes, it will strike with inequality at new heights, which is likely to translate into massive political change

NZD trading at 0.6809 USD and remains susceptible to further USD strength; NZD continues to trade lower against the AUD; US data continues to be supportive; political uncertainty in Germany weighs in on sentiment

NZD trading at 0.6809 USD and remains susceptible to further USD strength; NZD continues to trade lower against the AUD; US data continues to be supportive; political uncertainty in Germany weighs in on sentiment

Rabobank says red meat farmers need to understand what is driving these substitutes, and do what they can to tap into the desire for healthy, sustainable and novel products delivered through a supply chain that consumers trust

Rabobank says red meat farmers need to understand what is driving these substitutes, and do what they can to tap into the desire for healthy, sustainable and novel products delivered through a supply chain that consumers trust

Credit Suisse argues a run of bad luck is seeing Millennials do it tougher than their parents did when they were young

Credit Suisse argues a run of bad luck is seeing Millennials do it tougher than their parents did when they were young

Shaping our slice of heaven: How to link global opportunities with New Zealand’s advantages to create growth opportunities for our economy. First, look at the map

Shaping our slice of heaven: How to link global opportunities with New Zealand’s advantages to create growth opportunities for our economy. First, look at the map

George Friedman takes a look at Chinese authorities efforts to keep the country's burgeoning financial sector in check and highlights the extent of the challenges they face

George Friedman takes a look at Chinese authorities efforts to keep the country's burgeoning financial sector in check and highlights the extent of the challenges they face