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  • RBNZ concerned over growing financial stability risks

    From govt.nz

    While the financial system remains sound, developments in private sector credit and the housing market point to increasing risks to financial stability in New Zealand, Reserve Bank Governor Graeme Wheeler said today, when releasing the Bank’s May 2013 Financial Stability Report. “Housing pressures are increasing risk in the financial system,” Mr Wheeler said. “House prices relative to disposable incomes are already high by international standards. Further price escalation will worsen the potential damage that could result from a housing downturn following an economic or financial shock. “Our concerns are ... (full story)

here we go.
Where?
Where ? ......
NZ has been very quiet until now.

"here we go" :- coloquial expression meaning more of the same is coming, in this case financial mess as experienced by most of the rest of the world.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
...surely == sell NZD ?
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
“With regard to the new macro-prudential policy, the public consultation has provided useful feedback on the costs and benefits of the proposed framework and on the potential effectiveness of the various instruments. Overall, we do not envisage major changes to the framework proposed in the consultation documents. Over the next two months, we will be consulting further with the banks to establish the implementation details of the various instruments so that we are able to use them as necessary.”
DON'T TRADE THE DIRECTION, TRADE THE MOVE
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Looks to me like it has produced a double top on the chart
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