More debt to solve China's challenges
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 of more data dragging in the US, and more debt plans in China.
First up, American mortgage applications fell again last week, and this is despite their benchmark 30 year mortgage interest rate falling further below the 7% level. Lower home loan rates now are not motivating home buyers.
And that lack of motivation is really coming through in new home sales, which…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.