The chances of recession gripping the US again are troubling – and NZ will be hit by the fallout

August 7, 2011

All eyes will be on this country tomorrow – all eyes from financiers and their analysts, anyway – after the latest blow struck to the battered world financial markets by America’s loss of its Triple-A credit rating.

New Zealand’s market, and then Austalia’s, will be the first in the world to have to deal with the shock waves.

The downgrading came late on Friday night in New York, after world markets had closed for the week.

So what does this stuff bring to the good people of Eketahuna North?

Uncertainty is the short answer.

Read the rest of this entry »