Written By: - Date published: 2:20 pm, November 7th, 2018 - 14 comments
The latest unemployment data showing the jobless rate falling to under 4% follows the equally bad 1.0% economic growth in the September quarter and a budget surplus of $5.5b, confirming the economy is going down like Donald Trump, as predicted by the ANZ Bank’s business confidence survey
Written By: - Date published: 11:47 am, October 23rd, 2017 - 50 comments
This post is too long to read. Its purpose is to serve as reference material, a “one stop” snapshot of where we are as a country. The mess that the new government inherits. The consequences of the nine long wasted years of National. The magnitude of the challenge ahead of us.
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: 10:36 am, September 17th, 2017 - 89 comments
Rod Oram at Newsroom: “More of the same won’t deliver for New Zealand. Hopefully, new leaders and policies will.”
Written By: - Date published: 9:27 am, July 6th, 2017 - 3 comments
Written By: - Date published: 10:49 am, June 16th, 2017 - 51 comments
We need new thinking on the economy – zero emissions, sustainable, a big redistribution from rich to poor. But the list of current economic woe shows that even on their own old conventional terms the Nats are useless economic managers.
Written By: - Date published: 8:16 am, June 14th, 2017 - 54 comments
English’s scaremongering about Labour’s immigration policy does nothing but highlight the fundamental weakness of our economy. Just how anemic are we after 9 long years?
Written By: - Date published: 2:52 pm, April 18th, 2017 - 18 comments
Though artificially boosted by high immigration and disaster rebuilds, the NZ economy is in the doldrums, and National are a failure even by their own goals and targets. I predict that National will soon abolish all targets, and that this will be “a sign of our success”.
Written By: - Date published: 11:54 am, April 14th, 2017 - 10 comments
A model for a sustainable economy. Something to ponder on a wet holiday weekend.
Written By: - Date published: 10:33 am, October 16th, 2016 - 30 comments
Hickey in The Herald on Sunday: “Our household debt to income ratio of 165 per cent is now about 5 per cent above those previous highs of 2008 and rising quickly as debt rises around twice as fast as incomes.”
Written By: - Date published: 10:58 am, August 28th, 2016 - 44 comments
The closure of 19 mostly rural Westpac branches is indicative of the ongoing hollowing out the regions. Neglecting Northland cost the Nats the last by election. Neglecting regional NZ as a whole might cost them the next general.
Written By: - Date published: 12:46 pm, August 11th, 2016 - 88 comments
Until we sort out our housing and unemployment problems it is surely time to reign in NZ’s currently record levels of immigration.
Written By: - Date published: 11:40 am, August 5th, 2016 - 35 comments
In a sign of just how stressed our economy is: “Inland Revenue is chasing employers for unpaid KiwiSaver contributions worth tens of millions of dollars.”
Written By: - Date published: 7:04 am, June 22nd, 2016 - 149 comments
It’s basically flat-lining – only partially animated by immigration and a housing bubble.
Written By: - Date published: 10:02 am, February 10th, 2016 - 166 comments
A “$17 billion hole in the economy”. An estimated $18 billion lost because National stopped investing in the super fund. A record national debt. And we’re still talking about tax cuts? Lunacy!
Written By: - Date published: 7:02 am, September 1st, 2015 - 40 comments
The ANZ survey shows business confidence at the lowest levels since the financial crisis. Yesterday John Key insisted that it was “reasonably positive”. He was either completely wrong or lying through his teeth. Either way it’s unacceptable.
Written By: - Date published: 4:17 pm, July 27th, 2015 - 16 comments
Rod Oram looks at the way the regions are stifled in his Sunday Star Times piece.
Written By: - Date published: 9:39 am, July 4th, 2015 - 92 comments
We’ve just seen the weakest quarterly growth in two years, and economists are warning of possible recession. The NZ economy needs to be fundamentally reshaped.
Written By: - Date published: 10:18 am, June 24th, 2015 - 34 comments
Ho ho – what am I saying? It’s always a great time to be a bank.
Written By: - Date published: 1:18 pm, June 12th, 2015 - 101 comments
“Rock-star economy” is a catch-phrase that has served very well to persuade us that we are doing well in economic terms. But “chickens coming home to roost” and “living in a fool’s paradise” may be nearer the truth about our economic performance.
Written By: - Date published: 9:58 am, May 8th, 2015 - 11 comments
113 more jobs to go at Solid Energy’s Stockton Mine. Bill English killed Solid Energy, these job losses are his.