Panel 1
Big Bailout fails
What now for us?
High interest rates for longer
Longer recession
Lower house prices
But not a depression
And no NZ banking collapse
Panel 2
High rates for longer
Bank funding costs up
Will be passed on
But banks absorb some pain
Panel 3
RBNZ will help
May cut 100 bps Oct 23
To soften blow for banks
Keep rates from rising
Panel 4
A longer recession
But not a depression
Global economy slowing
US not in recession yet
Lower export returns
Lower oil price
Panel 5
Its different from 1929
Banking system stronger
Floating exchange rates
Fast growing Asia/LatAm
Banks pumping in money
Recession into 2009
Panel 6
House prices to fall 30%
As we predicted in Feb
Banks will not fail
Past due loans still low
Strong capital backing
Depositors are fine
Panel 7
Banks will slow lending
Kiwibank taking up slack
7.99% vs 8.7%
You can have it
No more easy money
80% home loans are gone
Low-doc severely restricted
Top ups difficult
U.S. not in recession Ha,Ha,Ha, yeah right.
hqlion 3 years ago
Longer recession.. you got that backwords. the recession is harder if they prop up the markets more. something you don't understand is that true growth is though earnings growth and not prop ups.
x11115 3 years ago