Washington hot mess stunts US
Kia ora,
Welcome to Tuesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.
I'm David Chaston and this is the international edition from Interest.co.nz.
And today we lead with news gold is soaring on US missteps, and oil is falling as demand falters while supply is rising fast.
Overnight US data was mixed. August pending home sales came in a little better than expected, up +4.0% from July, but only up +3.8% from year ago levels which themselves were relatively stunted. Less than 20% of American realtors expect the next three months to improve…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.