Excerpt from Interest.co.nz today;
US corporate earnings flat; Japan eyes deeper negative rates; China growth slows; Brexit shambles continues; AU banks shun clients with AfterPay; UST 10yr yield at 1.75%; oil and gold little-changed; NZ$1 = 63.9 USc; TWI-5 = 68.7
In Australia, it is becoming clear that having a buy-now, pay-later account is toxic when applying for a home loan. Apparently banks there see it indicating irresponsible money management and a lack of understanding of credit obligations. Mortgage brokers are reporting credit-quality issues with potential borrowers who have this type of debt.
Reply to all down ramping with "in Australia only', page-18
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