"Interest rates are but one tool….credit availability and for what purpose," That's a great point, Pat. For what purpose. IMHO business assistance should have been in the from of grants that were then assessed at a later time to establish whether or not ...
"Both are totally neglecting what would have occurred if monetary policy had been tightened during covid. An inivitable recession and disastrous numbers for business failures and unemployment." Again, you're seeing this only as a binary. The tap is not ...
"Would central government support for Efeso Collins plan for free public transport become more viable?" Unlikely. Free PT in Auckland would cost the city around $210m each year, which would mean significant rates rises. Not only that, the policy won't ...
Efeso is 'Goff lite' and would be a disaster for Auckland. The city needs someone independent who can stand up to central government without party allegiances and endorsements coming first. [I don’t want you continue to wage an astroturfing campaign ...
Hickel is talking about a world in which the fossil fuels industry is "dismantled by the middle of the century". That's 28 years away. I guess it's technically possible, but I doubt the policy prescription required will be either politically or socially ...
"They committed themselves to it when they signed it." No, they didn't. They committed to taking the agreement to ratification. That's the process, and as Ian Powell said, Andrew Little knows that. Little attacking all and sundry is not helpful.
It's not incoherent. He's very clear about what he's saying, and he's not alone in his comments. Former RBNZ Chairman Arthur Grimes warned in late 2020 that "...asset price inflation is taking off. People are using cheap debt to pile into the property ...
Tony Alexander is a reputable source, even if you don't like what he says. You are seeing this as a binary, when it simply isn't.
Signing an agreement doesn't mean it is ratified. That's the point Ian Powell was making. It's also not how other commentors here are describing it. Little seems to have had a pop at all and sundry in recent times, including Pharmac, rural health ...
He's not just 'one man'. He is a former executive director of the Association of Salaried Medical Specialists. Is he wrong? Is the Australasian College for Emergency Medicine wrong? Are commentators here that are in the profession wrong?
Interesting, but that's not how Ian Powell sees it: "And he is getting stuck into the NZ Nurses Organisation, accusing the union of reneging on a deal on pay equity. Simply not true. The “deal” was agreed to by two negotiating teams, but still required ...
Meanwhile, from Jimmy's source: "The photos come after a survey - conducted by the New Zealand Women in Medicine (NZWIM) Charitable Trust, including responses from more than 900 New Zealand doctors - warned a "catastrophic collapse" of the healthcare ...
Based on this OIA about Canterbury DHB nurses, average RN salary increased every year from 2011 through 2020. That includes 7 years of a National government, during which time nurses salaries increased by an average of 2.3% p.a.. David Clark (Minister from...
"Which is why I don't vote for either of them." Hey I can identify with that. I'd describe them as bland and blander.
""Fine if National does it, but not if Labour does it"." It's not necessarily political. It can come back to to the actions of the central bank. NZ's central bank have got it wrong, and we'll pay the price.
"The results show the balance was not exceeded." The results show the balance WAS exceeded. https://www.oneroof.co.nz/news/tony-alexander-businesses-are-going-to-fail-but-whos-to-blame-41826
But didn't that still require ratification?
"The opposite of what you want." No, it's not. It's a matter of degrees. Loosening monetary policy is a legitimate policy tool when done properly.
Those 'greater fools' are young people, families. They are going to be 'hosed' alright.
Right on cue: Tony Alexander: Businesses are going to fail – but who’s to blame?, All things property, under OneRoof 'None of us truly felt that our central banks would take such an irresponsible attitude towards inflation risks last year. Only in the past...
Indeed.
What statements? I would prefer to look at what other political parties actually did when in government. NZ's response to the 2008 GFC saw NZ have a shallow recession and a solid economic rebound.
"Tighter monetary policy during COVID would have caused recession and multiple business failures and unemployment." Depends what you mean by 'tighter'. There is a balance and we exceeded it, as did many other central banks BTW. That will lead inevitably to...
"And he is getting stuck into the NZ Nurses Organisation, accusing the union of reneging on a deal on pay equity. Simply not true. The “deal” was agreed to by two negotiating teams, but still required ratification. Following membership feedback, NZNO ...
It's not a competition KJT. The reality is we'll never know whether the RB would have behaved any differently under different political circumstances, or how a different set of politicians would have responded. It's easy to pontificate in opposition, far ...
Do you think that a substantial increase in debt, rising inflation and interest rates, and a negative growth rate are good things? I happen to see them as the natural consequence of our central bank running a monetary policy that was too loose. Along with ...
And the countries you're referring to have central banks who made the same mistakes ours did. This is not unique to NZ. It won't end well for them either. "We've turned property into a commodity and now you're complaining about the greater fools being ...
Inflation is currently running at a shade under 7%. That is the highest in 30 years. This eroding asset values, and the purchasing power of wages and salaries. 2. In response to the rise in inflation, the RB has been hiking interest rates, which will (...
Fair comment.
Ian Powell wrote a piece earlier this month which had a pop at Little, including around the pay equity talks. "And he is getting stuck into the NZ Nurses Organisation, accusing the union of reneging on a deal on pay equity. Simply not true. The “deal” was ...
"He knows she is referring to trans men" Yes of course, but if we've got to the point where "people with the capacity for pregnancy" has replaced "women" in common vocabulary, and to question that is 'transphobic', then we have truly reached peak insanity.
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