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Business investment is yet to stir much this cycle

Business investment is yet to stir much this cycle

Welcome to the August 22 Weekly Overview.
A full pdf copy of the Weekly Overview is attached and also loaded here.
New subscribers can be added to the emailing list here.

Welcome to the August 22 Weekly Overview.
A full pdf copy of the Weekly Overview is attached and also loaded here.
New subscribers can be added to the emailing list here.

Is there any strong evidence yet that businesses are backing their high levels of confidence by boosting capital spending? Not really.

The world is awash with such a long list of risks that it would be a miracle if we get through the next three years without some major volatility in the financial markets. Borrowers should recognise this uncertainty by pursuing a mix of fixed rate terms alongside floating rates, and consider how much debt they can safely carry.

The NZD has fallen over 2 US cents this week on the back of strong expectations that US money printing tapering will start soon (US data have been good this past week).

Some things are best kept private - introduction to BNZ Private Bank
If you would like to speak with one of our Private Bankers to review your personal situation, feel free to contact us for a discreet obligation free discussion on 0800 477 077 or email us at privatebank@bnz.co.nz.  To find out more about BNZ Private Bank, please visit www.bnzprivatebank.co.nz
Tony Alexander produces six regular publications.
The quarterly Growing With China issues are here.
The quarterly Brain Gain NZ can be located here.
The Weekly Overviews are loaded here.
The monthly BNZ-REINZ Residential Market Surveys are posted here.
The monthly BNZ Confidence Surveys are available here.
The monthly BNZ-Nine Rewards Consumer Trends Survey is here.

All the best

Tony Alexander
Chief Economist
www.tonyalexander.co.nz

ENDS

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