World outlook worsens – so more money to be printed
Thursday April 18th 2013
Central banks are printing money explicitly to boost asset prices. This week’s worse than expected economic data offshore mean they will be more determined to keep the printing presses in operation. That implies more money seeking a home in the likes of the NZD and businesses need to give thought in their strategic planning to handling this liquidity-driven world. I offer some thoughts. 1,246 words
This week we have learnt about a surge in exports in February – but it won’t last. Advertising for jobs appears to be trending upward, and offshore the events in Cyprus are one reason why the NZ dollar will remain strong and go higher.
This week I look at the drought and how it probably won’t create a recession, how it was worth giving $10 to a bloke in Singapore but not $50, some positive financial sector growth signs for Singapore, and I reference a US survey producing similar foreign house sales data as for my survey of last week.