Iceland may be a barometer for what’s changing in the world economy. It was only very recently that the Milton Friedman fan club was hailing Iceland as a “Nordic Tiger”, lauding its flat taxes and praising its “economic freedom”. “Economic miracle” was a common phrase. Read more »
Peter Martin predicts that the Reserve Bank will cut interest rates again by at least 0.75%, and possibly 1%, when it meets on December 2. Read more »
As a bit of an update to my post last night, the Essential Research poll is now out, basically showing no change from last time. Possum has more on all the other questions asked. Read more »
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