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Showing posts with label NZ's borrowings. Show all posts
Showing posts with label NZ's borrowings. Show all posts

Monday, December 4, 2023

Tim Dower: Are Our Borrowing Trends Getting Out Of Hand?


Couple of canaries going off in the coal mines over the past few days.

Ominous warnings actually, of how tight things are getting out there in the real world.

First off...the Centrix figures showing how many people are doing Christmas on credit this year. It is normal for people to borrow a bit here and there to...smooth out if you like...the household budget over the heavy spending period.