Jacinda Ardern crashes out of office with house prices

David Llewellyn-Smith

Thursday 19 January 2023

NZ PM Jacinda Ardern quits:

Smart. The poll clubbing was not going to be pretty:

The National / ACT / Maori coalition is also leading Labour /Greens by 54.0% to 37.5%:

Government confidence has collapsed to a record low, while consumer confidence is at recessionary levels:

As the house prices crash drags the economy off a cliff:

While the cash rate rockets:

Not that Albo is about to resign, but we can expect this kind of chaos to overtake Canberra later this year for the same reasons.

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.