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最新发布的纳税人联盟-Curia民调显示认为“国家正朝着错误方向前进”的民众比例达到创纪录的水平,54%的人认同这个观点,只有32%的人认为国家正朝着正确的方向前进。
The net financial inflow for the last 12 months was >$27 billion (cf approximately 11 billion for the previous year) but I would need to dig a little deeper to get the breakdown between overseas investors and NZ residents repatriating capital.
The key point is that net capital inflows of $27 billion to balance the external current account deficit are non-sustainable and there has to be a day of reckoning. The decline in the TWI index below 70, combined with the NZD bouncing around 60c USD and 89c AUD, would seem to tell us that elements of that reckoning are already with us. There are unpleasant implications for all of interest rates, inflation and living standards.

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