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
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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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