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Post by eri on Feb 8, 2022 13:53:55 GMT 12
from a former labour cabinet minister...gained the impression that New Zealand was a rich nation. But upon arrival he quickly formed another view. New Zealand he said, was good at “keeping up appearances”.What he meant by this quaint phrase was that we managed to look well-off when in fact we were not.Every day, I read in the media demands for greater investment in infrastructure, climate change mitigation, the environment, housing, health, education, welfare payments, the arts, science, superannuation, conservation, sport… the list goes on and on and on.The answer for some is simple – raise taxesBut as anyone who has done the sums knows, there are not enough high earners to bridge the gap between national income and national aspirations.That gap can only be bridged if we have the kind of economy that earns more, allows for higher incomes and sees New Zealanders able to pay more tax
Those on the left seem more focused on spending what wealth there is rather than earning more. i.stuff.co.nz/national/politics/opinion/300510068/new-zealand-needs-to-make-more-money-if-were-to-reach-our-goals-as-a-nationAustralia has already let the international students back, now it's letting in tourists too i.stuff.co.nz/travel/news/300512407/australia-to-reopen-borders-to-vaccinated-tourists-on-february-21
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Post by Deleted on Feb 8, 2022 15:04:18 GMT 12
Money fixes more things than ideas, dreams, aspirations...
Like they say.. if economies were built around Spin, rhetoric, promises, working groups and meetings, NZ would be bigger than China.
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Post by eri on Feb 9, 2022 14:40:30 GMT 12
Omicron, combined with the high increase in our cost of living, rising interest rates, and plain old tiredness of the pandemic have sent us deep into our shells. A number of operators in the hospitality, events, and accommodation sectors risk closing down as we head into winter.
With so much fear now in our society it seems more reasonable than ever to expect a brain drain once we can freely travel to and return unhindered from, Australia in particular.
Loss of valuable staff across the Tasman is going to be a substantial challenge for businesses this year and next, and the risk of continuing net migration outflows will reinforce the slowdown in the housing market already now entrenched – though not yet apparent in the many out of date monthly measures of price changes.
Other housing challenges will be rising interest rates, especially now that central banks in England, the Eurozone, and the United States have said inflation is more worrying than they earlier realised. www.oneroof.co.nz/news/40856
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Post by Fogg on Feb 9, 2022 14:41:42 GMT 12
I wouldn’t mind if the cost of money increased and slowed down the endless flow of governments handouts of free money to anyone who does (and doesn’t) need it.
I wouldn’t mind if it also slowed down the rate of home improvements, renovation and swimming pools. Right now living in Herne Bay is like living in a bloody noisy construction zone with builders utes, cement lorries & cranes all over the place.
Soon there will be nowhere to park all the new Teslas and Land Rover Defenders 😊
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Post by Deleted on Feb 9, 2022 15:46:44 GMT 12
Omicron, combined with the high increase in our cost of living, rising interest rates, and plain old tiredness of the pandemic have sent us deep into our shells. A number of operators in the hospitality, events, and accommodation sectors risk closing down as we head into winter.
With so much fear now in our society it seems more reasonable than ever to expect a brain drain once we can freely travel to and return unhindered from, Australia in particular.
Loss of valuable staff across the Tasman is going to be a substantial challenge for businesses this year and next, and the risk of continuing net migration outflows will reinforce the slowdown in the housing market already now entrenched – though not yet apparent in the many out of date monthly measures of price changes.
Other housing challenges will be rising interest rates, especially now that central banks in England, the Eurozone, and the United States have said inflation is more worrying than they earlier realised. www.oneroof.co.nz/news/40856 good to see Tony Alexandra reads this forum for great economy tips! |
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Post by Deleted on Feb 15, 2022 20:21:03 GMT 12
Our government is totally out of its depth, Jacindamania is now dead in the water, there’s anger everywhere and it will get worse.
Inflation will go crazy in New Zealand over the next two years and not for the conventional causes the Reserve Bank talk about.
Rather, massive labour shortages will drive up wages and costs. The principal reasons will be a flight to Australia for incomes as much as twice prevailing here while the cost of living is much cheaper. Seemingly every day the Australian media are reporting spectacularly higher than the norm, wage and salary offers from desperate employers.
Prime Minister Morrison has announced an aggressive immigration policy which appears to be supported by the Opposition. He’s ambitious to double the population but most of all to alleviate Australia’s labour problem, something facing most developed countries due to declining birthrates.
As I’ve often written on this blog there will be world-wide competition for people to off-set the falling labour force. This is posing serious problems in central Europe as their young head westward seeking higher incomes and more vibrant life-styles.
Meanwhile, seemingly oblivious to all of this our government confines migration to short term fruit pickers for God’s sake.
As I’ve written often before, the best thing to ever happen to this country was the Asian migration, now nearly a fifth of our population. We should be opening up and encouraging Asian migrants, albeit whether they’ll opt for New Zealand over Australia is now questionable.
I believe we will be in dire economic straits come the next election which is why I’m predicting a massive landslide from an angry electorate.
Stolen from Bob Jones blog.
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Post by Deleted on Feb 21, 2022 7:23:31 GMT 12
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Post by eri on Feb 22, 2022 20:07:56 GMT 12
Once upon a time, New Zealand had the highest economic output per person in the world – much higher than in, say, the UK, Australia or the US.
Unfortunately, that was about a century ago. Today, our GDP per capita trails Australia by about 20 per cent and the US by 40 per cent.
New Zealand economists have debated endlessly why our productivity and our incomes are so low.
But even though there is no complete agreement on the causes, there is widespread acceptance that restrictive land-use planning, high hurdles for foreign investment and our poorly performing education system have much to do with it.www.nzherald.co.nz/business/dr-oliver-hartwich-an-inflation-crisis-of-the-governments-making/C4HZBQ252TOTZPDMHLEIP7TK2M/
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Post by OLD ROPE 👀 on Mar 2, 2022 18:34:41 GMT 12
Bib Jones final blog before he leaves NZ Perma.... Until the advent of the virus over the previous six decades I’d spent at least half my life abroad. I went and sometimes lived for times virtually everywhere which taught me that people are basically the same, thus I lost any sense of nationalism. Then suddenly I found myself compelled to stay here for 3 years, thanks to the hermit kingdom absurdity. I was appalled by New Zealanders meek passivity to this and most of all to the ludicrous but now dead Jacindamania madness. For that matter Jacinda herself was disbelieving, writing in the Guardian at the time how she’d lie in bed bewildered and suffering from imposter syndrome. The then lapdog NZ media, surviving on a $65 million government bribe with taxpayer money, opted to ignore that story. So for three years now, lots of golf and tennis plus time to deal with hitherto ignored health problems. I had a book published of four novellas. Then someone suggested this Blog as an outlet for my frustration. Initially, I confined it to humour to lighten our days. But as the government’s screaming incompetence, fear-mongering, outrageously divisive racist activism favouring maoridom and much, much more, saw me deal with more serious topics. The absolute low point of the past three years was the public’s passive acceptance of the imposed nanny state. The “Team of five million” and “Be Kind” mantras belong in kindergartens. For me they were unbelievable. I was ashamed to be a New Zealander as common sense went out the window. The Be Kind childishness was particularly outrageous given the unbelievably cruel, unnecessary and illegal prohibition on thousands of Kiwis prevented from returning home, in numerous cases to farewell dying family members. At the outbreak of the virus I forecast on this site that when it was all done and dusted Sweden’s “live with it” approach will be shown as the correct one. It’s not yet all done and dusted but that’s now been accepted and widely adopted. I was correct with my Swedish prediction but will be equally right with my forecast of a landslide defeat for the government next year. The big issue causing bitterness across the land is the ludicrous maori wonderfulness nonsense. Add roaring inflation and a population exodus to Australia and I fear an angry and dispirited nation in 1993. It’s deja with the 1983-4 mood. At the time, Muldoon, unable to cope with the economic consequences of his bad decisions, adopted the approach of constant foreign travel, babbling nonsense about another Bretton Woods conference. He viewed these travels as photo opportunities with polite foreign leaders, intended to impress the voters back home. They didn’t, a point Jacinda should note having announced a similar foreign leaders’ meetings programme. Late last year on this blog I wrote that after tidying up some matters I was out of here in the new year as I don’t wish to spend such time as left to me in an angry state. So I’ve now left for foreign parts. So no more blogs, at least for four months but a big thankyou to everyone who added their comments and helped endure the craziness of an increasingly inept government. Thanks also to cartoonists Garrick Tremain and Bob Brockie. nopunchespulled.com/2022/03/02/farewell/ |
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Post by eri on Mar 3, 2022 11:47:35 GMT 12
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Post by eri on Mar 13, 2022 14:42:55 GMT 12
Fundamentally, the standard of living for those living within our shores is a function of their productivity. This is being damaged by the economic policies being set by this administration and will be further eroded by those announced programmes.
We are enjoying record levels of employment alongside a declining standard of living. Many families are struggling to cover basic costs while we continue to slip further behind our Australian friends.
www.stuff.co.nz/opinion/300538623/things-are-bad-enough-to-make-me-care-who-wins-the-next-electionwoke socialism providing equality of misery for all
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Post by eri on Mar 17, 2022 6:38:30 GMT 12
“The starting point for the economy is so bad, it is such broad-based inflation. It is not just importers, it is wages, it is core inflation, it is inflation expectations.
“It’s the type of inflation that only goes away by opening up a negative outlook gap, by driving activity below the potential rate of output, which unfortunately has itself taken a hit from Covid-19, and energy prices.”
Zollner said the solution was not going to look pretty.
“We are talking about slowing the economy potentially quite a lot to get on top of inflation. It is pretty ugly, but the fact is inflation is the only thing that counts for the central banks whose credibility is on the line.”www.stuff.co.nz/business/128077662/partys-over-says-anz-chief-economist-sharon-zollner
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Post by Deleted on Mar 17, 2022 9:57:02 GMT 12
“The starting point for the economy is so bad, it is such broad-based inflation. It is not just importers, it is wages, it is core inflation, it is inflation expectations.
“It’s the type of inflation that only goes away by opening up a negative outlook gap, by driving activity below the potential rate of output, which unfortunately has itself taken a hit from Covid-19, and energy prices.”
Zollner said the solution was not going to look pretty.
“We are talking about slowing the economy potentially quite a lot to get on top of inflation. It is pretty ugly, but the fact is inflation is the only thing that counts for the central banks whose credibility is on the line.”www.stuff.co.nz/business/128077662/partys-over-says-anz-chief-economist-sharon-zollner the RB needs to tell Robertson and Ardern to Fuck off!... |
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Post by elliot749 on Mar 17, 2022 11:45:22 GMT 12
the voting public needs to tell Robertson and Ardern to Fuck off!...
Fixed it for you
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Post by Deleted on Mar 18, 2022 9:35:41 GMT 12
the voting public needs to tell Robertson and Ardern and the Maori caucus. . Ah fuck it... All of labour to Fuck off!... Fixed it for you |
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