Economic Weather Report: Advance Australia Fair

[waldentree]

The dominoes will fall. The US is tilting.

[bookbinder66]

i call us, a farmlet  , lol

[caveltor]

We are not dependent on foreigners to buy our bonds. They merely choose to hold their savings in NZ dollars.

If they net reduce their holdings, maybe the currency declines, maybe the trade deficit improves but there is no risk to the ability to sell bonds.

NZ cannot be compared to Ireland, Greece or Iceland. Ireland and Greece use the euro and have abrogated monetary (and much of fiscal) policy to the ECB.

Much of Iceland's debts are denominated in foreign currency and indexed to inflation.