Written By: - Date published: 1:29 pm, September 20th, 2018 - 99 comments
ANZ Bank’s Outlook business confidence survey has been forecasting gloom and doom for the economy ever since the surprise election result turfed out the National Party. Today’s GDP data showed the economy has actually been pumping along faster than the Reserve Bank believes is good for it.
Written By: - Date published: 7:02 am, October 3rd, 2017 - 57 comments
There is no “strong and stable” government to “lead” us. Maximum uncertainty! No end in sight! According to received wisdom (and all those people in a self-interested rush to ordain the born-to-rule-party) the market should be panicking! In fact…
Written By: - Date published: 8:29 am, August 17th, 2017 - 15 comments
Expect plenty of Nat boasting on “the economy” in the election campaign. They’ll be desperate to hide the inconvenient fact that ordinary workers are going backwards.
Written By: - Date published: 7:57 am, December 1st, 2016 - 14 comments
Warnings from the government and the Reserve Bank that first home buyers are taking on too much debt. Prices are too high, wages are too low, interest rates are rising. These warnings are effectively telling the average first home buyer to give up.
Written By: - Date published: 12:43 pm, February 16th, 2016 - 69 comments
There are different views on The Standard about growth and whether we really need it. But here’s one bit of growth that really seems pointless to me: that achieved only by increasing the number of people. Because if we’re only increasing GDP by increasing the number of people, as we are currently, we’re loading up the environment and we’re not even individually getting any richer for it. Thanks National.
Written By: - Date published: 10:59 am, October 5th, 2014 - 137 comments
There’s something obscene about the way the economic story gets framed: the figures on a page, the points on an index, the number of dollars someone can swap for a number of different-coloured dollars, when people are suffering.
Written By: - Date published: 5:15 pm, September 10th, 2014 - 19 comments
On Firstline this morning, John Key tried to compare National’s and Labour’s policies by saying “You can’t grow the economy when you restrict labour laws.” It’s nonsense, and it’s scary.