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Chart of the Day: Bubble in New Zealand

This nice chart from Sharon Zollner of ANZ Research, so simply but emphatically depicts the crisis reeling in the housing market in New Zealand and what has been a major worry of the Reserve Bank of New Zeland (RBNZ). Th…

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Chart of the Day: Bubble in New Zealand
Chart courtesy - ANZ Research

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This nice chart from Sharon Zollner of ANZ Research, so simply but emphatically depicts the crisis reeling in the housing market in New Zealand and what has been a major worry of the Reserve Bank of New Zeland (RBNZ).

The chart also shows how the Eurozone debt crisis has ravaged economies like Spain, Poland, Netherlands, Greece to name a few.

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