US tapering uncertainty means a lot of volatility lies ahead

Friday, 28 June 2013, 1:16 pm
Press Release: Tony Alexander Market Reports

Tony Alexander Weekly Overview

US tapering uncertainty means a lot of volatility lies ahead.

Welcome to the June 27 Weekly Overview.

A full pdf copy of the Weekly Overview is loaded here.

No Youtube this week sorry given electricity supply disturbances and stuff.
New subscribers can be added to the emailing list here.

Lead Article – The Tapering Shock
Expect high volatility in asset prices for the next year as speculation waxes and wanes regarding the speed of US money printing tapering. 419 words

Interest Rates
US rates are rising and so too are fixed rates here. 264 words

NZ Housing Market
A Chinese newspaper journalist sent through a long list of questions regarding Kiwi attitudes toward Chinese house buying. I answer them! 2,093 words.

Offshore

US data have been good this week, apart from a weak GDP revision last night which caused a small scaling back in expectations of an immediate start to the tapering exercise. 1,079 words.

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Exchange Rates

Same as last week. Tapering talk has pushed the USD up and the NZD down. Volatility will be at times extreme in the coming year as tapering gets underway – or not – then ends – or not. 224 words
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Tony Alexander produces six regular publications.
The monthly Growing With China issues are here.
The monthly Brain Gain NZ can be located here.
The Weekly Overviews are loaded here.
The monthly BNZ-REINZ Residential Market Surveys are posted here.
The monthly BNZ Confidence Surveys are available here.
The monthly BNZ-Nine Rewards Consumer Trends Survey is here.

Other recent publications include the following.

The Cyprus Haircut
Sources of Western Apprehension About China
Expat Experiences of NZ Hiring
Advice from NZ employers to expats and migrants
19 Reasons Why Auckland House Prices Will Keep Rising. Page 5 of
Massey University Symposium Handout on Housing Affordability
Kiwi Business Locus of Control at a Distance

All the best

Tony Alexander
Chief Economist
www.tonyalexander.co.nz
LinkedIn Profile
TonyLinkedIn

ENDS

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