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Daily review 05/09/2022

Written By: - Date published: 5:30 pm, September 5th, 2022 - 5 comments
Categories: Daily review - Tags:

Daily review is also your post.

This provides Standardistas the opportunity to review events of the day.

The usual rules of good behaviour apply (see the Policy).

Don’t forget to be kind to each other …

5 comments on “Daily review 05/09/2022 ”

  1. Ad 1

    The Civil Contractor NZ Auckland dinner tonight has National speakers but no Labour ministers.

    Light rail and 3 Waters updates were optimistic.

    $30b of work, not enough people to do it.

    • Poission 1.1

      All funded on high interest bearing debt.

      What technology parts of the job will come out of Europe?

      • Ad 1.1.1

        Likely most of it for light rail since that's where the lead light rail companies are.

        No NZ company could take more than 20% of light rail or second crossing. Risk.

    • pat 1.2

      "Light rail and 3 Waters updates were optimistic."

      Of course they were…optimism is the primary KPI.

      The RBNZ Governor however is warning otherwise….

      https://www.interest.co.nz/borrowing/117487/rbnz-governor-says-covid-climate-change-and-war-have-cut-globes-productive

      Central bankers were now having to educate markets that rate cuts may not happen for some time.

      "There will be a prolonged period where economic demand has to be reduced to below the potential growth rate of the economy, to take the inflation pressures out," he said.

      "Earth is now poorer. We've got a sudden realization around climate change, and so we're seeing for any one investment, the returns are different or less. We've got much higher input costs, energy, much higher consumption costs, food. Whilst employment levels have remained where they are, hours of work are declining so we've got less supply capacity. And war does nothing to long term growth potential for a country."

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