The year of the correction

Have the last couple of years just been a mistake? (Image: Deposit Photos)

Fri, 28 Jan 2022

Every new epoch seems to be given a name, so it’s surprising that nobody’s coined the latest bout of market turbulence ‘The Great Correction’.January has delivered a pretty steep fall in equity markets, but it’s hardly the fear and loathing we felt back in 2008/09 during the depths of the global financial crisis, and it's nowhere near the absurdity of the covid crash in March 2020.People have been saying it’s been coming for a few years and, true to form, the bears may just get it right as they inevitably...

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Politics

Govt reshuffle: Lee demoted, Simmonds loses portfolio

Melissa Lee has been stripped of her media and communications portfolio and dropped from the cabinet, prime minister Christopher Luxon announced today.He has given Paul Goldsmith the portfolio after Lee was widely criticised over her public handling of the numerous issues facing...

Staff reporters 1:20pm

Economy