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Post by GO30 on Jan 13, 2022 18:13:05 GMT 12
The huge extra costs the Govt have thrown into the system are just starting to raise their head. Add in the extra covid costs and things are about to get nasty.
People generally don't give a crap about the GDP as it's mostly smoke n mirrors that gets 'adjusted' so no one really understands anyway. But they do care their grocery bills rise 20%.
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Post by Deleted on Jan 17, 2022 4:52:44 GMT 12
Yip but that's mainly the people that can't afford the huge price rises.
Look at the theft going on with price hikes in caravans, boats, cars,... Sure some of it is covid Supply issues but there are some heavy duty theft going on.
I know a guy that import caravans firm Australia. His buying prices haven't gone up but his margin has increased by23% because demand is higher than supply.. WTF!
So, if you want to increase you prices, just slow down production or reduce you stock holding... Less is more.
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Post by dutyfree on Jan 17, 2022 17:24:55 GMT 12
that is called inflation - S>D P increase
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Post by Cantab on Jan 18, 2022 15:03:16 GMT 12
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Post by Deleted on Jan 18, 2022 16:49:23 GMT 12
knowing this bunch of useless green/red muppets they will want to fuck the whole thing up and then claim a great victory ... In bankrupting NZ. Shaw and co will be the ones remembered for achieving fuck all climate rectification and maximum cost to the Taxpayer. |
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Post by Deleted on Jan 18, 2022 16:51:58 GMT 12
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Post by Deleted on Jan 20, 2022 16:02:40 GMT 12
Since Labour came to power, the number of people spending longer than a year on Jobseeker has increased by over 50 per cent. At a time when businesses across the country are crying out for more workers, it will surprise many that almost 1 in 9 working age adults are receiving a benefit, and over 185,000 Kiwis are on Jobseeker Support  |
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Post by Deleted on Jan 21, 2022 15:02:26 GMT 12
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Post by ComfortZone on Jan 28, 2022 7:23:49 GMT 12
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Post by armchairadmiral on Jan 28, 2022 7:37:50 GMT 12
It';s simpler than that. Buy votes. Make people dependent on your Government and voila.You have it. More refugees than talented immigrants equals more votes for you. Governments want to stay in power and don't give a hoot for the people nor the country. Only themselves. Few individuals excepted who want to do the right thing but the party system soon squashes them. Look how Dear Leader gets driven in a Mercedes people mover with tinted windows so you can't see her.No mere Crown Beemer for her. They love the lifestyle perks and privilege and will hang on desperately.
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Post by Deleted on Jan 28, 2022 8:27:36 GMT 12
if you analyse the peaks in that yearly inflation graph you see that inflation peaks just before a crash. I put lefty on a depression.why?... The RB has to lift interest rates to kerb inflation soooo. Here comes the mortgagee sales and economic crash.... That combined with repayment of Govt and private debt plus a Huge exodus to Aussie plus rising cost and lost jobs due to lockdown/isolation madness. = 💥💥💥 Depression. And Horsinda will be gone leaving a mess for national to fix, but she will blame covid .. not her handling of it ! |
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Post by Deleted on Jan 28, 2022 8:29:42 GMT 12
if you analyse the peaks in that yearly inflation graph you see that inflation peaks just before a crash. I put lefty on a depression.why?... The RB has to lift interest rates to kerb inflation soooo. Here comes the mortgagee sales and economic crash.... That combined with repayment of Govt and private debt plus a Huge exodus to Aussie plus rising cost and lost jobs due to lockdown/isolation madness. = 💥💥💥 Depression. And Horsinda will be gone leaving a mess for national to fix, but she will blame covid .. not her handling of it ! not even a EV Merc too!. James🤪 where are you!?!? |
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Post by Deleted on Feb 1, 2022 15:49:27 GMT 12
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Post by Deleted on Feb 1, 2022 16:09:51 GMT 12
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Post by eri on Feb 1, 2022 20:13:19 GMT 12
Meanwhile, the Reserve Bank, the agency responsible for price stability, was busy with other things. On the same day as the inflation update, it announced the appointment of Karen Silk as a new Assistant Governor.
Silk has had an impressive career as a banking executive. But she has no relevant economics qualifications and no previous experience in central banking or monetary policy. The Reserve Bank Governor, Adrian Orr, noted Silk's role as co-chair of the Sustainability Council and that she is "steeped in climate change".
So, on the day we learned inflation is at its worst level in three decades, the Reserve Bank Governor was talking about climate change. Again.
The Reserve Bank has no statutory mandate for climate change. Yet, since Orr's arrival in 2018, the Reserve Bank has become virtually fixated on the issue. Its most recent annual report has three times more references to climate change than inflation.
Last November's monetary policy statement referred to climate more than 30 times. Despite a 60 per cent increase in staff numbers since 2018, the bank's research output has almost come to a standstill. The bank has developed a habit of giving senior positions to people without relevant skills or experience.
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The Reserve Bank overcooked the economy, and now inflation is nearly triple the target inflation rate of 2 per cent.
High land and house prices will multiply the pain of rising interest rates. Average house prices across the country recently passed $1 million, an incredible figure. The average Auckland home now costs $1.7m. For anyone with a $1m mortgage, each 1 per cent rise in interest rates will cost $200 per week. Higher interest rates will send some households and businesses to the wall.
It is hard to look like a hawk on inflation when on the day the country learns inflation has reached historic highs, the central bank is talking about climate change. It is as if the Reserve Bank is going out of its way to signal it is disinterested in core business.
www.nzherald.co.nz/business/matt-burgess-why-inflation-looks-here-to-stay/O4ZDV4STG7QWNZKP3KER3SQM3M/
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