Around the world there are a lot of complaints that there is too much debt, that debt will prevent a recovery, and that debt is the root of all problems – be it fiscal deficits, debt fueled consumption, or a debt powered housing market. While there are undeniable issues to keep in mind, there are […]
The riots in the UK are not pleasant, that much is clear. Seeing such anger and hatred is never nice, but when this is happening to innocent people by a bunch of rioters who just feel bored and want to get kicks it is even more frustrating. In this context, I find the comments of […]
Via Twitter, James Shaw informs me of the following critique of my post where I stated the media were misrepresenting the latest wage-price data. Lies, damn lies & statistics. A friend reckons TVHE is also only painting a partial picture. QES includes merit promotions, so wages have kept up with inflation *if* you got promoted. […]
NZIER raises an important point regarding New Zealand – the core costs of government look set to increase substantially in the next 15 years. Now I don’t want to overplay the increase in health costs and superannuation – those will occur, but at the same time a smaller proportion of people in the youth category […]
Note: Europe is where the real crisis is now – hence why this is the focus of the post, not the US. While Europe tries to figure out how it can use the ECB as a lender of last resort, the current credit issues are likely to have some impact on the New Zealand economy. […]
Although some people think its poor US economic data and increasing concerns around European sovereign debt driving the current market crisis, the Onion has unveiled the true story: Bernanke, who sources confirmed was “totally sloshed,” arrived at the drinking establishment at approximately 5:30 p.m., ensconced himself upon a bar stool, and consumed several bottles of […]