I like to contract uni students for special projects or manufacturing over the holidays, it gives them experience for their CVs, they usually pick up on things fast, and I can often help them secure their first real job later, with a reference. I am aware that programmers and other computer based skills are widely available through the web, they can be located anywhere, and that's a scary thought for some going into that area of training. But there are still plenty of jobs that need direct involvement and interaction in the workplace.
Back in early October 2016, Bill English was warning about interest rates looking like they were going to head back up. Over Christmas here, they did just that. Now all the banks are climbing on board. Interesting timing considering John Key's abdication, no?
http://www.nzherald.co.nz/business/n...ectid=11724396
Bill didn't spell out how ordinary folks would suddenly pay off their house loan before interest rates rose too much to make it even more difficult. I guess we just magic up some cash? in the real world, those who made the buying decision a short time ago, are now stuck with the consequences. There have been widespread mortgagee sales before.