September 15, 2009: Economic weather report: NZ's worsening debt problem

[jenny_pt]

Bernard Hickey details an economic weather report in association with ASB, including a look at a chart showing New Zealand's debt to GDP ratio has accelerated sharply despite many perceiving we hav...


From: http://www.youtube.com/watch?v=IxmRGVOmYhU&feature=sub

[Hawkeye77]

It' a bit of a worry, lucky those credit rating companies are such a joke, or NZ's credit rating would already be downgraded, and interest rates higher as a result.

[Viking]

The ratio has altered because our GDP has fallen. See what happens in the next six months and further out.