Daily review 23/11/2022
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5:30 pm, November 23rd, 2022 - 15 comments
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So now we know: Luxon lied.
https://www.rnz.co.nz/news/political/479343/national-s-tax-policy-under-review-post-ocr-hike-luxon-says
A reminder of the lie:
Here's my commitment to you. When I become PM, I'll reverse Labour's tax grab.
National will repeal each of these tax increases implemented by Labour.
https://www.newshub.co.nz/home/politics/2022/03/christopher-luxon-s-full-state-of-the-nation-speech-as-he-vows-to-repeal-labour-s-tax-grab.html
And no, "he changed his mind" is not a defence. His language is crystal clear. If the words don't mean anything, what does?
Means nothing, given he won't become PM.
And that's exactly how he becomes PM: opponents not taking the threat seriously. Wake up.
Yup, that was a lie too.
Are you certain about that Robert?
https://www.stuff.co.nz/national/politics/opinion/130562683/adrian-orr-lines-up-labours-nightmare-election-inflation-scenario-in-monetary-policy-statement#com
Yes.
I admire your optimism
If Luxon gets rolled before the election I’d call it pessimism.
National have no workable policies for reducing inflation or interest rates but do have policies that are U turns on U turns on U turns. And hey, boot camps are just fab…..
If Luxon gets rolled before the election that’s just another U turn……no wonder National supporters are dizzy and can’t think straight….
I’d say that their Power Policy is the most advanced.
Speaking of eletrickery weirdness and the earth, where do you go when you have to abandon your smoking ute after it was hit by lightning, if the storm is still raging?
https://www.stuff.co.nz/the-press/news/130556655/west-coast-man-lucky-to-be-alive-after-ute-struck-by-lightning
Call-outs to lightening strikes were always an eye-opener. Hard wood poles and cross arms on fire, concrete poles cut in half, porcelain ware in a thousand pieces, pole mounted kit with holes the size of a fist blown in them and indoors, hot points blown off the wall, melted ceiling roses hanging by a few strands, gaping holes where meter boxes once were and scorch marks where high voltages had cooked the wiring. Fun times.
holy shit. Was that in NZ?
Yup, from the Whenuakura river in south Taranaki through to the Waitotara valley and up to Ruatiti/ Raethi.
The RBNZ in its forecasts also see house prices falling by 20% by March 2024 from the tightening cycle.This would remove around 180b$ of value from the housing estate.
This would see values at around March 2021,With sustained mortgage and lending rates.
https://www.rbnz.govt.nz/statistics/series/economic-indicators/housing#1
This is also being used on commentators on Bloomberg tonight as the canary in the coal mine for the Anglo Saxon housing markets (UK ,Aus Canada,Ireland ) which have the same bank lending distribution ( short fixed )