The great repricing could be more painful than it sounds

The mispricing of assets has been a long time in the making. (Image: Annie Spratt/Unsplash)

Mon, 08 May 2023

On a now-seemingly typical morning of torrential rain in Auckland, Tony Lusby is at the high court trying to stave off a liquidation.“I come today to plead with the court to give me more time.”Lusby is waiting on $188,000 from a client for a flooring job. He needs this money to pay Carters but, according to his story, the client hasn’t paid up. He told the court Carters had refused him a payment plan so now he was hoping the extra time would be enough for him to chase up the money he was owed.Lusby has turned up at court...

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