Latest / The Kākā by Bernard Hickey
Trump just detonated a neutron bomb under the global economy, but NZ could win
Long story shortest in Aotearoa’s political economy this morning:
Donald Trump just detonated a neutron bomb under the globalised economy, but this time the Fed isn’t cutting interest rates to rescue markets because Trump’s 1910-level tariffs will both slow US growth AND increase US inflation.
But we may benefit through high global dairy and beef prices, European wines being tariffed more than ours, and cheaper stuff from China they can’t sell elsewhere. Also, the US bond yields that partly determine our fixed mortgage rates, have fallen nearly half a percentage point in the last week, in…
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