Written By: - Date published: 10:57 am, November 17th, 2019 - 30 comments
Nick Kelly on UK austerity and who should have paid for the financial crisis.
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: 11:36 am, September 9th, 2018 - 65 comments
There is something very wrong with “our” media when it takes a stand-up comedian to alert people to important stuff. But anyway…
Written By: - Date published: 11:47 am, October 23rd, 2017 - 51 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: 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: 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: 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: 7:26 am, November 16th, 2016 - 21 comments
The bright orange trigger for a sharp rise in mortgage interest rates may have just arrived. Our over-indebted home owners are highly vulnerable.
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: 9:21 am, August 11th, 2016 - 28 comments
The Reserve Bank just cut the OCR to a historic low of 2%. And no it’s not good (economic) news.
Written By: - Date published: 10:07 am, July 24th, 2016 - 23 comments
Rod Oram’s Sunday Star-Times, reprinted on Facebook here, adds yet another voice to the chorous of economic warnings: “Our Road Runner economy is zooming towards the cliff-edge”…
Written By: - Date published: 6:21 pm, May 26th, 2016 - 89 comments
There are budgets and there are budgets. And for all the presence or absence of bright ideas, there’s a budget that threatens to subsume all others…
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: 9:56 am, September 19th, 2015 - 16 comments
Two pieces this week on how National’s mismanagement of the economy has left us in the doldrums.
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: 7:10 am, August 17th, 2015 - 147 comments
The old myth that National are good managers of the economy should now be well dead and buried. For a recent case study see Robertson vs Joyce on dairy prices…
Written By: - Date published: 12:21 pm, July 7th, 2015 - 11 comments
The government has awarded itself a nice report card. Let’s take a closer look.
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.