Hey, I’m currently running so busy that I dont’ even have time to look at the other blogs – so I’m sure this has been covered somewhere else. However, I felt I have to say something. When Stephen Toplis and Cameron Bagrie say that GDP growth will accelerate due to the earthquake they ARE NOT […]
On Saturday I had an article in the Dominion Post on New Zealand’s debt levels, and why I think we need to spend a bit of time thinking about “why” this level of debt arose before yelling out for things like compulsory superannuation. My conclusion was: This issue deserves a much more in-depth analysis then […]
So this isn’t what I wanted to hear: Mr Key also warned that other finance companies may go under and the government would continue to look after investors by keeping the guarantee on investments in place. I think he meant: Mr Key also warned that other finance companies may go under and the tax payer […]
Via the Herald (ht Education Directions): The Illicit Drug Monitoring System report found the price – commonly regarded as the best measure of police success against the drug – had increased each year. Interesting. So they use ever rising prices as a measure of ever rising success. This is weird on two grounds: We are […]
The receivers are in, and the government is throwing in $1.7bn in order to buy assets they expect to get a return of $700m from. Sounds like a typical New Zealand investment to me 😉 There are a few points to come out of this. In some sort of order these are: The government had […]
Interesting. Both a Fed economist and Stephen Williamson (the author of one of my undergrad macro books) have been saying that persistently low interest rates “cause” deflation in the long run (ht Economist’s view) [Lots of others, WCI *, Money blog, Angry Bear, Paul Krugman, Money Illusion]. This seems a little counter-intuitive, but this doesn’t […]