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Top related persons:
Brendon O'Hagan - 1 Don’t - 1
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Auckland , New Zealand U.S South
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Bloomberg - 1

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2 mentions found


☆ Victories for Common Sense in New Zealand and Australia
  + stars: | 2023-10-16 | by ( The Editorial Board | ) www.wsj.com   time to read: 1 min
Voters at a polling station during a general election in Auckland, New Zealand, Oct. 14. Photo: Brendon O'Hagan/Bloomberg NewsA government and a cause heralded by progressives went down to electoral defeat on Saturday, and U.S. allies in the South Pacific will be better for it. Don’t believe the press that these are victories for the forces of reaction.
Persons: Brendon O'Hagan, Don’t Organizations: Bloomberg Locations: Auckland , New Zealand, U.S, South
☆ A house price slump is coming. Rising unemployment could make it much worse
  + stars: | 2022-11-23 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +10 min
Brendon O'Hagan/Bloomberg/Getty ImagesNew Zealand is at the sharp end of a global housing market squeeze that has grim ramifications for the world economy. “In an ideal world, you’ll get a bit of froth blown off the top [of house prices] and everything is fine. “A decisive increase in unemployment is a very big danger for housing markets,” said Slater of Oxford Economics. Qilai Shen/Bloomberg/Getty ImagesA drag on the economyMost market watchers are not expecting a repeat of the 2008 housing market crash. But even a modest a fall in house prices will knock confidence, causing homeowners to cut back on spending.
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