Economic Weekly: 43 Days
- Sandra Bullock’s character did 28 days in rehab. In contrast, US politicians spent a record 43 days before rehabilitating government spending
- Completely coincidentally, agreement to resume funding was reached around 43 days before Christmas, which will still give furloughed federal employees time to receive their backpay and ensure Christmas doesn’t get cancelled
- If you enjoyed the drama, you may get the chance to relive it in January, as the agreement only funds some government agencies until January 30. Markets are now focusing back on what the economic data will look like and what that implies for when the Fed will next cut interest rates
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Mark Smith
Senior Economist
Mark joined ASB in 2017, with over 20 years of public and private sector experience working as an economist in New Zealand and the UK.
His resume includes lengthy stints at ANZ and the Reserve Bank of New Zealand, and he has also worked at the Bank of England, HM Treasury and the New Zealand Transport Agency. Mark's areas of specialisation include interest rate strategy, macro-economic analysis and urban economics.
Born and bred in the Waikato, Mark studied at Waikato University where he graduated with a Master of Social Sciences, majoring in Economics.
Mark's key strengths are the ability to use his extensive experience, inquisitive nature, analytical ability, creativity and pragmatism to dig a little deeper and to deliver common sense solutions to tackle complex problems.
When not at work Mark likes to travel, keep fit and spend time with his friends and family.
- Email: Mark