If you can show me an investment fund that pays 20% consistently for 20 years in a row then I'll change my mind. But it doesn't exist anywhere on the planet. You can't take result from a very small period of time and extrapolate that out to make long term ...
man, you really don't get it aye. Lets say all the power plants in the country were worth $15 billion and collectively they generate $1b a year in revenue for the government. Now take them all away, yip thats right, NZ no longer has power. How much are ...
FFS, this forum is frustrating. We get far to attached to 'owning things'. The financial side of asset sales is rather irrelevant. If you look at it from a purely rational perspective, the value of a power plant is that it exists in the first place. The ...
Fuckwit to Dickface.. No he didn't, we never ever had $0 national debt, not in the last 100 years anyway. I'm calling your bluff, prove it!
So you are saying Key is trying to deliberately get the country to perform poorly. Man, that is serious conspiracy stuff. In reality, when you are a young single guy you are prepared to take risks because you don't have a lot to learn. You can make a lot ...
I wouldn't say it was prudent. Long term Labour would have been better to pay off debt than to set up the cullen fund. All the time we have any debt, we are better of paying it off than what we are creating investment funds. It would be very prudent if we ...
Its risky to borrow to invest in the stock market. Its less risky to invest savings in the share-market. Its not rocket science.
So you are advocating that we should borrow say $500 billion and invest it in the cullen fund because the same universal laws of financial investment don't apply to us because we are a country. If its ok for $25b why would it not be ok for $500b or 10 ...
oops, sorry I thought that was 1.66%. I'll admit when I make a mistake. However I still stand by my comment, what happens when the market drops by 27% as it inevitably will at some point? Just because the fund made a whole pile of money in the short term, ...
Its not odd, its simple maths. Cullen Fund return = 1.66% (income). Interest on bond debt 3.5% to 4% The numbers say, stop contributing to cullen fund and focus on minimising debt. Any genius can work that out. The cullen fund might return 1.66% but that ...
A return of 1.66% is less than the ~4% we pay in interest on Government Bonds on our $65b of debt. Therefore, the most prudent financial decision would be to cash in the Cullen Fund and put it on our national debt. At present the Cullen Fund is the ...
Having worked in insurance, these arguments either don't apply or don't make sense. 1) Publicly listed companies are exposed to considerable scrutiny regarding the state of their finances. 2) Economies of scale don't apply to insurance. The risk of having ...
News relating to the job losses have shown that the job losses have come about through closures of factories and plants, and whole companies due to tough economic conditions and an unwillingness to take any meaningful action by this government is seen as a...
Taken out of context. She was clearly talking about Shearer. I'd say "nice try" but it wasn't really. Pretty weak try more like.
You must be thrilled that RNZ Morning Report went straight to......George Galloway MP for a comment on Prosser! The man who was thrown out of the Brit Labour Party after cuddling up to Saddum Hussen. I also wonder if you can produce a headline without f*ck...
Kevin, Freedom and others who have fallen under the spell of the anti-depleted uranium jihad and have not taken the time to do actual scientific research as opposed to a YouTube or Google look up where everyone just repeats the same lies that first were ...
It might be smarter to introduce a CGT, introduce a carbon or pollution tax and give advance notice of an increase in the age for superannuation. These steps would bring in more revenue, close the government deficit and would enable raise the top tax rate....
Rosy, I disagree with your comment: "I’m all for direct democracy – a council CEO, and an army of technocrats who put together a 5-year plan and signal future concerns; and bureaucrats who deal with the day to day running of a city. Town hall meetings are ...
In the nine years under Labour the people earning over $60,000 were taxed extra and no adjustment to their tax rate was made during that time. Michael Cullen said that there was no need to adjust their tax as they were 'rich'. The fiscal creep was allowed ...
I sometimes wonder if some people even realise that there is a world wide depression out there! Think Greece for a minute..... So many people want government to spend, spend, spend and to hell with the idea that the money has to come from somewhere. We ...
LOLOLOL Nice spin there, the fact is that this government has pushed an agenda that is both environmentally and economically unsound. There is nothing in this government's agenda to promote sustainability or any post-consumerism/post-growth future. This ...
It was already played on George FM this morning, first heard it there. Its a start.
Given the damage that problem gambling causes it's not enough to say that there are less pokie machines now than there used to be. Also if supporters of the project believed in the laissez-faire approach then wouldn't this be seen as a cost of business to ...
"If it’s politically untenable for ACC, it’s untenable for power companies." Economically untenable also if prices will go up in both cases. Strange considering that the private sector is supposed to be more efficient and the free market plus competition ...
Not exactly a surprise, even John Hattie warned that this was going to happen as well as various groups interested in childrens education that actually have any expertise. This is a sad time to say I told you so since a world class education system is ...
How about pouring his "carcinogenic asphalt" in places like Kapiti where the local community is required to be displaced and don't get a say. Also in Auckland where the people wanted a solution to the traffic problem and wanted a viable public transport ...
"Of course it is an available political tactic, although parliament is the more common domain for parties to try and influence policies." The parties that have the power in parliament want to sell the assets. The people who do not want asset sales (the ...
Both supply and demand for labour are relatively inelastic. Supply is basically set at 99% of the working age population. Demand is set at the necessary amount of jobs required to service a business model relative to turnover. Raising wages doesn't ...
"Without unions, wages would have increased only around 13% since the end of 2005 when they have actually increased by 16.6%." I doubt that without unions wages would have increased even that much when you take into account large companies that negotiate ...
That is not sexist. She was simply drawing a distinction between the better qualifies women in the party and the not so well qualifies ones. She certainly did not claim that men in the party are better qualified than women in the party. They may well be of...
Cactus Kate wrote "unskilled and hopeless" not "less fortunate or privileged". There is some ambiguity in Cactus Kate's comment. She might have meant that two classes of people, one unskilled and the other hopeless. She might otherwise have meant that ...
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