Bad policy can do massive long-term damage
Kia ora,Welcome to Thursday’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 market-moving data is scarce today but investors should be reading the latest US CBO update.First, there was only a modest rise in consumer debt in March, up a mere +1.5% and substantially less than the rise analysts were expecting. Stepping back for a longer term trend view, Americans have been growing their consumer debt appetite at slowing rates since 2012. This is…
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