> > NZ banking system is somewhat buffered against the rest of the world > > and although things may get a little tight there'll be no disasters > Now look at the NZ dollar against the US dollar. Yes, I did think about the exchange rate, and it's not good for imports NZ banks (all but one or two) are owned off-shore in countries that aren't America. ANZ has laid off staff, but none that I'm aware of is looking for government assistance. Yet But IANAEconomist -- http://www.piclist.com PIC/SX FAQ & list archive View/change your membership options at http://mailman.mit.edu/mailman/listinfo/piclist