Ok, so this may seem arbitrary – but I think it gives a good indication of how dodgy statistics can be 😉 So on Thursday the Balance of Payments was released. The BOP must equal zero – that is an identity it has to hold. When people talk about the BOP deficit they are being […]
In this post I will try to say what economics is – at least, as far as I understand it 😛 . The purpose of this piece is to be part of the set of posts for new readers – so feedback is very appreciated.
0.9% fall in December (production account, seasonally adjusted). However, September was revised down as well – so similarish to a 1% fall. Bigger decline than the RBNZ expected, but about in line with the market. Expenditure account (old C+I+G+X-M) fell by 0.6% – but has fallen a lot further over the past year. GDP deflator […]
So, GDP is out today. The market expects a 1% fall, ANZ has gone as far as 1.2% (I’m talking about a quarterly seasonally adjusted fall – none of this annualised rubbish). Now, I’m not so sure. Yesterday’s current account deficit came in on the money, but the deficit as a % of GDP was […]
The IMF, in all its infinite glory and knowledge, has decided to give New Zealand some advice on fiscal and monetary policy. Here is my take on their sermon from the heavens.
We generally allow capital and goods to flow freely between nations nowadays – which is a good thing. However, that leaves us in the situation where the whole purpose of a nation appears to be working for the benefit of labour in that country. Now it may well seem like the best thing to do […]