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The Transtasman Taskforce is investigating whether New Zealand should drop the NZD in favour of the AUD. An implication of doing so would be that the Reserve Bank of New Zealand (RBNZ) would abdicate responsibility for setting the OCR to the Reserve Bank of Australia (RBA).
Record numbers of New Zealanders are being forced into mortgagee sales according to the latest sales figures.
- Q2 GDP increased 0.1% as the economy stabilises earlier than expected. - Growth likely to remain weak as profitability remains under pressure. - We continue to expect the RBNZ will lift the OCR in June 2010.
If you had $450,000 to spend on a house, where would you buy? The answer will vary wildly depending on where you work, where you grew up, where your friends are and your lifestyle.
A Raving released in April titled "Recessions and investing in the share market" looked at the relationship between share market performance and economic cycles. As explained in that Raving: "My preferred approach to investing in shares is to wait for a good recession and when there are the early signs that the economy will soon emerge from the recession buy a selection of listed companies that have been particularly hurt by the recession but which are expected to live to fight another day"
Property sales plunge in January
15 Feb 10
