When the Great Financial Crisis hit in 2008, the RBNZ dropped the OCR by 6%. If something happened today, they only have 1.5% to work with.
A jittery response just now from the RBNZ. I’m surprised. I thought we were further from the cliff; on more solid ground.
Well, if you weren’t sure about it…you can be now. The Reserve Bank of New Zealand has confirmed our suspicions…this economy’s in for a bumpy ride.
If you’ve wanted to tap into big-name stocks like Amazon or Apple…but haven’t found a way to do it from New Zealand…I have fantastic news for you.
The economy is a tricky thing to grasp. That’s why we have economists, right? Well, as a classically-trained economist, I’ve got a little secret to tell you…