In this week’s TV I run my annual exercise of searching quickly on Google News for things described as being in crisis in NZ. I then make some brief comments on the Budget and note how Treasury’s forecast look unrealistic with regard to inflation and over-optimistic when it comes to growth. Then I note data showing weakness in retail spending during the March quarter before mentioning yesterday’s 0.25% cut in the official cash rate and how a three-year 4.95% mortgage rate would suit me if I were borrowing atm. Enjoy.

Click here to read the latest Tony’s View from Tony Alexander for Independent economic commentary.