Risk aversion jumps on Trump missteps
Kia ora,
Welcome to Monday’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 that 100 days of mayhem has not only killed the global leadership position of the US, Americans themselves (consumers and business) are reacting by turning sharply defensive.
The US dollar is under pressure, Wall Street is down sharply, and benchmark bond yields are dropping hard.
However, before we get into that, the week ahead will bring a relatively light set of…
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