This month’s seminar by the Law and Economics Association of New Zealand (LEANZ): Topic: Perspecitves on the ‘credit crunch’ and the state of finance markets Speaker: Brendan O’Donovan, Chief Economist, Westpac Date: Tuesday 10 March 2009 Venue: Chapman Tripp, Level 35, ANZ Centre, 23 Albert Street, Auckland Time: 5:15 pm for a 5:30 pm start, […]
I just got an email from an investment banking friend of mine with following quote attributed to Karl Marx Owners of capital will stimulate the working class to buy more and more of expensive goods, houses and technology, pushing them to take more and more expensive credits, until their debt becomes unbearable. The unpaid debt […]
While taking a quick break from work to read the news I came across this little tid bit. An interesting illustration of the concept of scarcity! http://www.stuff.co.nz/4818285a4560.html
But most of the time we assume (or have evidence that? -Matt?) petrol demand is fairly inelastic (hence the proposals to vary GST on petrol). With this in mind I was quite intrigued to see this article about Nikki who switched to driving her van when petrol prices soared and has since switched back to […]
I read with great surprise this morning that the new National government has blocked the sale of the Taharoa iron sands to CKI (who now own the Wellington electricity network too). Matt was equally surprised, he sent me an email with the subject as “WTF” and the body simply containing the link:) What the hell […]
I was slightly concerned when I saw the headline on stuff this morning “Nats eye bailout of big business” If the government is saying ex ante that they will bail out big businesses I would be concerned as this has the potential to cause a moral hazard problem. This is where firms know they will […]