The week that was to Nov 5
TLDR: This week in geo-politics, the global economy and Aotearoa’s political economy, we learned:
* PM Jacinda Ardern didn’t take the Three Waters offramp offered to her by the new mayors of Auckland and Christchurch;
* Aotearoa kept growing jobs and real incomes at faster-than-expected rates in the September quarter;
* Reserve Bank stress tests found banks were so profitable and well stocked with spare capital they could handle a 47% fall in house prices;
* the US Federal Reserve and the Bank of England both hiked their key interest rates by 75 basis points, setting the scene for the Reserve…
The skinny
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