This nice chart from Sharon Zollner of ANZ Research, so simply but emphatically depicts the crisis reeling in the housing market in New Zealand and what has been a major worry of the Reserve Bank of New Zeland (RBNZ).
The chart also shows how the Eurozone debt crisis has ravaged economies like Spain, Poland, Netherlands, Greece to name a few.


US Dollar Gains as Iran Tensions, Fed Rate Hike Bets Rise
Gold Price Hits Seven-Week High as Fed Rate Hike Bets Fade and Hormuz Deal Hopes Grow
Oil Prices Set for Steep Weekly Losses as Hormuz Deal Stalls
Asian Stocks Slide as Semiconductor Selloff Weighs on South Korea and Japan
Asian Stocks Slip as AI Rally Fades, Oil Holds Steady on Iran Peace Deal Hopes
Australia Trade Surplus Returns in June as Iron Ore, Coal and LNG Exports Surge
Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist
US Job Growth Seen Picking Up in July
German Bund Yields Hit Three-Week Low as Energy Prices Ease and ECB Outlook Softens
BOJ Rate Hike Expectations Rise Ahead of September Meeting
Canada, US Hold Constructive Trade Talks as Tariff Negotiations Continue
Dollar Holds Near Six-Week Low as Yen Loses Momentum Ahead of U.S. Jobs Data
US Stock Futures Rise as Markets Await July Payrolls Data




