Daily FNArena News - FYI

New data from S&P seems to indicate arrears on low doc loans in New Zealand are rising rapidly.

Many economists, many risk measurements, much contradiction. However, the consensus still emerges as a continuing bull trend after the shake-out.

Reader John Bedson sold his entire portfolio of equities immediately before the May 2006 correction. He is buying again while keeping 75% in cash.

Weekly musings from your editor.

There is a lot of fear in the market that a rise in Japanese interest rates for the first time in years will spark a reversal of yen carry trades and trigger a collapse of all world markets. Morgan Stanley joins the list of those believing the notion is seriously flawed.

Consensus forecasts for global inflation are trending higher. Further monetary tightening seems but logical, CommBank says.

A correction in NZ housing is due following five years of above trend growth, Credit Suisse says. One just cannot find any positive news on NZ these days.

In Citigroup’s view, Australia’s telcos are switching their focus to data services and mobile content in a bid a balance out lost voice revenues.

The new Fed chairman is going to overdo it, DBS economists believe, expect interest rate cuts in the US in 2007.

Weekly musings from your editor.