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Posts Tagged ‘Financial Crisis’

New Zealand Economy Faces Early Collapse

Posted by te2ataria on April 24, 2010

sent in by readers

Beware of the Ides of September

Roof of New Zealand’s financial sky could collapse even earlier!

Quotes of the week:

Raising the price of kiwi fruit

“For New Zealand economy to Avoid meltdown, the authorities must raise price of kiwi to over US$5,430 each, and hope that the export markets can afford it.” —Allan C (New York)

New Zealand’s Sovereign Credit Rating [sic]

“Unsurprisingly,  the credit rating agencies that inflate New Zealand’s Sovereign Credit Rating are the same people that passed mortgage-backed junk bound as triple A rating.” —GDN (London)

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Posted in 10 Worst Places, Fitch ratings, Ides of September, New Zealand's sovereign credit rating, Ratings Agencies, Reserve Bank of New Zealand | Tagged: , , , , , | 1 Comment »