Posts Tagged ‘global financial crisis’

Apparently Labour was to blame for the global financial crisis

Written By: - Date published: 9:00 am, July 5th, 2018 - 65 comments

These sorts of debates do my head in. Essentially because they are so removed from reality that anyone with any sense would know that Labour was not responsible for the last global financial crisis.  But apparently the opposition spokesperson does not understand what happened in 2008. Does this seem a bit harsh? Well it is […]

Is RBNZ ignoring deflation bogey?

Written By: - Date published: 6:52 am, January 29th, 2016 - 71 comments

Is Reserve Bank Governor Graeme Wheeler so concerned about the bogey of Auckland’s housing bubble that he is underestimating an equally nasty bogey – deflation? Deflation will certainly cure the problem of the property bubble, but that cure will be at a terrible cost.

The rich want to hide their wealth because of kidnap threats

Written By: - Date published: 9:30 am, March 22nd, 2015 - 173 comments

The Liberal National Party Coalition in Australia want to overturn a requirement for corporations with a turnover of $100 million to disclose tax information on the grounds that kidnapping will occur even though the rich’s ostentatiousness is plain to see without the information being published. And in America it has been estimated that Wall Street’s bonus pool is twice the amount paid to full time American employees living on the minimum wage.

Tale of two Irelands

Written By: - Date published: 9:41 am, February 20th, 2014 - 42 comments

Tracey recounts the rise and fall of the `financial genius` John Key’s pet financial hub for NZ to emulate the paragon economies that tried it. Like Ireland – the home of the jobless and deserted housing projects.

Fortunately he was somehow prevented from stuffing NZ in this way. However he did put in some legislation of dubious value to allow NZ to be used as a haven for hot money fleeing taxes…

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