Better economic info

7 comments on “Better economic info ”

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1. higherstandard 1

   3 June 2011 at 2:24 pm

   Private debt in NZ will remain an issue while we continue to have a love affair with housing and relatively cheap money borrowed at low interest rates.

   No-one in this government of the last government has the balls to do what needs to be done in relation to the money flowing into housing in nz.
   • Colonial Viper 1.1

     3 June 2011 at 2:26 pm

     +1
   • Blighty 1.2

     3 June 2011 at 3:07 pm

     capital gains tax?
     • The Chairman 1.2.1

       5 June 2011 at 6:44 am

       No. Regulatory control requiring higher deposits for securing a loan.

       Levels could be set to favour productive investment and discourage speculation in housing.

       Moreover, it will increase savings. Addressing two birds with one stone.
   • ZeeBop 1.3

     3 June 2011 at 3:34 pm

     But they are not cheaper! The real cost of borrowing is ahrd to see but everywhere.
     Its the crappy old tin of food you brought, its the shameless sales techniques, everyone
     has to pay a risk premium to borrow, then has to pay higher costs because of all the
     indebted farmers, businesses and home owners who were sold cheap mortgages
     and are now being carried by fewer and fewer taxpayers. So much so that the
     National plan is to get us even deeper with more cruel crude economics that
     accelerate the decline. When a home owner or farmer comes to renegotiate their
     debt they compete with new and existing ‘real’ growth industries who know not
     only will they pay more if they set up or stay in NZ, but will be hammered the
     next time the currency goes high and they have to pay even more in lost profits
     to sustain all those in debt.

     What happened was simple, instead of keeping an eye on lending, the naff
     economists like Brash and English, bemoaned how hard Labour government
     was on farmers. Farmers who reckless grew leveraged debt, property
     developers who reckless grew leverage debt. So government instead of
     behaving like an adult and reined in borrowing, and provided relief to
     manufactures who could stick around export higher valued goods and
     services. But no, the right said government was to be hands off, yet still
     government intervenes in farming to get them off their pollution costs.
     The whole economy is rigged abound keeping people in debt and
     OZ banks and their currency traders in loads of money.

     If UK, OZ, have GST off food, books, child goods, and CGT, then
     I think every new finance minister should be forced to explain why we
     cannot. It harms our ability to attract and retain companies and employees
     if the NZ economy is rigged to help foreign banks and the new port union
     – the neo-liberals national socialist union.
2. JS 2

   3 June 2011 at 2:28 pm

   David Cunliffe has a very good roadshow with power point on the NZ economy and implications of the 2011 Budget and why and how Treasury is only right once in a blue moon – all in 20 minutes, and very easy for the even the economically illiterate to understand.
3. Bunji 3

   3 June 2011 at 3:39 pm

   CTU also calculate that even though health was supposedly the winner in the budget and got rises, it is in fact $127 million short of the amount they need to provide the same services (given increasing and ageing population, inflation, wages etc).

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