The hoon: Railmageddons; climate politics, tax and drone strikes
TLDR: This week’s news in geopolitics and Aotearoa’s political economy I covered via The Kākā for paying subscribers included:
* A screed of bank results showing yet more surges in net profit from the big four that dominate our economy and fuel our housing market, just as the Reserve Bank unveiled evidence the banks are too profitable, relative to the risk they take for shareholders. Friday’s email.
* The Reserve Bank reporting that those households with mortgages remain much less stressed than they were in the 2008 to 2015 period, thanks to almost half being ahead on their repayments and…
The skinny
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