Tue, 02 Oct 2012

More trouble looming for crisis in Europe

interest.co.nz managing editor Bernard Hickey tells RadioLIVE's Marcus Lush data out tonight shows Europe's economy is sliding towards recession and Asia's is slowing quickly. The second wave of the global financial crisis, sparked by the earthquake in Europe, is now lapping at our shores, as we've seen in recent weeks with significant job losses. 2. Treasury has been told Auckland's housing market is booming and there's not much anyone can do about it right now. It has been told there's plenty of land free on the fringes, but not much demand so far from the centre.

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