Breakfast briefing; China faces a liquidity trap | interest.co.nz - Interest.co.nz

New Chinese bank lending sags; global industrial production up; Russian economy down; US consumer optimism rising; Aussie new home sales dive; UST 10yr 2.84%; gold up and oil unchanged; NZ$1 = 64.5 USc; TWI-5 = 72.7

Here's our summary of key economic events over the weekend that affect New Zealand, with news China seems to be moving into a classic liquidity trap situation. Chinese banks extended ¥679 bln in new… [+4926 chars]

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