It’s that time of the year. Media commentators are lining up to provide a “guess” (aka forecast) as to what might happen this year. Our turn.
The Reserve Bank is still talking about low inflation and the potential for the OCR to decrease further, so how is it that in this environment mortgage rates can go up?
The Global Financial Crisis in 2008 was centred on the world having too much debt and yet today there is even more debt and more inequality.
I’ve literally just got back from a week of conferences in the United States.
TSB grabbed headlines in February when it came out with a 10 year fixed rate of 5.89%.
With incredibly loose monetary policy implemented around the world we are going through uncertain economic times.
I'm an optimistic guy, and even I am uncomfortable with how much we are talking up our NZ economy.
Whilst economists and most commentators are talking up rates I’m going to provide a different perspective.
It’s hard to write about mortgages every month and keep it interesting! This month has been easier with the landscape subtly changing, mostly for the better.
What is going on in the world at the moment is far more complex than a US budget deficit. There is massive wealth inequality between the rich and the middle class.
I write this article a day after the consumer price index (CPI) inflation rate came out at 5.3% and already you can hear the beat of the interest rate tom-toms.
You need to take a macro view of interest rates to work out the future. My view?