For the 10 years of this blog I have been talking about the slow collapse of New Zealand and the total denial as well as the housing bubble that finally seems to be bursting. As the world sinks into recession/depression and moves towards global famine and war there is total denial from the NZ media, shown by Newshub’s headlines for today. Dig a bit deeper and you will find articles that could have come from Pravda that indicate all is…
THE HOUSING MARKET CRASH IS HERE – YOU’RE ABOUT TO PAY MORE FOR THE CARGO CONTAINER CRISIS We are looking at a full-scale default warns one broker – this is a worst case scenario! Economists have issued a red alert after all indicators showed that Evergrande was set to miss a full third round of bond payments in just 3 weeks. This has led a collapse of other property debts in the trillions of dollars as agencies scramble and delay…
New Zealand in the world headlines again. There is no such conversation within the country. Authored by Ruchir Sharma, op-ed via The Financial Times, Those Kiwi revolutionaries are at it again. In 1989, New Zealand’s central bank was the first to commit to a specific target for consumer price inflation, then the biggest threat to the world economy. Unions and businesses howled, saying the move would kill growth and jobs. One property developer called for a rope on which to…
