House prices looking vulnerable
Anyone in the rural community wanting to cap the rise in interest rates or see the New Zealand dollar fall needs to be eyeing house prices.
PULPIT: Non-bank lending on the rise
Lending from non-bank sources is on the comeback trail.
The sector includes credit unions, non-bank deposit takers, building societies and finance companies.
PULPIT: Keep an eye on bank funding costs
Financial conditions remain stimulatory and loose/supportive, with the Reserve Bank of New Zealand (RBNZ) still pushing on the accelerator, buying bonds and supplying cheap funding to banks, while maintaining the Official Cash Rate (OCR) at 0.25%.
PULPIT: Don’t pass the buck
Exporting is normally associated with sending goods overseas.
PULPIT: USD path is one to keep your eye on
The United States dollar (USD) is under pressure. Whether that extends or the USD reasserts itself is open to debate.
PULPIT: Teach money skills to children
Lessons are learned after every recession.