Terms of trade peaks – what it means
A terms of trade lift is excellent news: New Zealand should save and invest as much of the resultant lift in incomes as possible, rather than spend it
Economic records seldom tumble, and when they do it is usually the bad ones.
You know: highest debt, largest deficits etc.
Or they're ones we're ambivalent about: house prices being the best example.
Now, few people get excited about the terms of trade. (More fool them, I say).
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Terms of trade peaks – what it means
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