Tony Alexander

Economic Commentaries

A summary of things

Thursday November 8th 2012

This week I have been busy with many things so have confined my headline article to just a run-through of my main themes which include a high and rising NZD, rising house prices, labour market tightening from mid-2013, flat interest rates and NZ’s growth constraint being lack of connectivity and our Kiwi business culture rather than institutions, savings and tax rates.

This morning’s employment data were shocking and show our economy is yet to fire with employers’ good employment intentions still not yet translating into actual hiring of people. The US election has produced a stronger result for re-election of President Obama than expected but big fiscal problems loom with potential for a credit rating cut.