Bonds press fiscal cliff warnings, but few are listening
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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.
Today we lead with the bond market warnings don't seem to be being taken seriously by policy makers. They are ignoring them at their peril.
US mortgage applications fell sharply again last week as their benchmark 30 year home loan rate rose to 7.30% and a three year high.
However, after three months of slowdown, the precursor ADP…
The skinny
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