Open mike 17/12/2024

Written By: - Date published: 6:00 am, December 17th, 2024 - 5 comments
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5 comments on “Open mike 17/12/2024 ”

  1. Tony Veitch 1

    Pat and Chewie rip into the absolute, monumental clusterf**k of the ferries debacle!

    This issue alone, will, quite literally (and pun intended) sink the CoC! 13 minutes long.

    Also, note when Luxon lies, he stutters a bit! He's not a practised (or very good) politician!

  2. SPC 2

    The Government’s operating deficits could be $1.5 billion higher than expected over the next three years, delaying a return to surplus until 2028/29, economists say.

    “The Treasury have indicated that it is likely to revise down its estimates of near-term growth prospects and its medium-term productivity assumption, which would lower tax revenue over the forecast period.

    Is the government following bad Treasury advice, or is the error all of their own C of C making?

    https://www.stuff.co.nz/business/360523815/governments-half-year-economic-update-expected-show-worsening-outlook

    GDP: ‘Low point’ – new data to confirm New Zealand back in recession

    By Liam Dann

    The most positive likely spin on numbers showing a sizeable economic contraction, both in nominal terms and per capita, is that data should start improving next year.

    While there is uncertainty about the exact depth of the contraction – especially after Stats NZ revised up a series of earlier GDP numbers – a consensus of economists is picking a 0.4% fall in GDP.

    That’s worse than Reserve Bank (RBNZ) forecasts for a 0.2% contraction.

    Either way, if second-quarter figures aren’t markedly revised, it would mean the economy slipped back into technical recession, its third in two years.

    https://archive.li/tEE65#selection-3749.0-3749.68

    A number of other nations returned to growth after managing inflation downwards …. not here.

  3. Kat 3

    The CoC ship is already sinking……..2025 will see the rats scurry to the decks……the call to abandon ship will never be made though…….rescuers will rush to the scene in 2026…….Chippy & Co will have a titanic salvage job in 2027……

    • Tony Veitch 3.1

      Like the Russian tanker that broke in half in stormy seas in the Kersch Strait, cracks are already appearing in the good ship CoC.

      Winston is already talking up the cost of iRex to $4B because he knows there isn't a hope in hell of getting 2 'Toyota Corollas' for less than the $3.2B of Labour's Ferrari project.

      Luxon is clueless, but Seymour is indifferent to the new ferries being rail enabled, so if they're not (and Winnie loses the fight) – goodbye to rail in the South Island.

      The way this CoC is mismanaging the whole business, as one person commented – we'll end up with two rowboats towing a small rubber raft – but . . . but . . . within budget!

  4. SPC 4

    The German (Social Democrat) Chancellor passes on his job to the Leader of the Opposition (Christian Democrats).

    This by calling for a motion of confidence, losing and then holding new elections which will result in a CD and SD coalition.

    https://www.bbc.com/news/articles/ckg36pp6dpyo

    Why, FD a pay down the debt first party admitted it needed to be permanently removed from parliament (for being unsuited for government in the current era, Germany has inexplicably under invested in recent times) leaving only a CD and SD coalition possible.

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